Who needs a business owners policy?
The unexpected happen all the time, in all small businesses, whether you're a new venture, an independent contractor, or a restaurant owner.
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If you have:
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any chance of being sued (e.g. a customer slipping)
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assets that could be taken or damaged (equipment, cash, inventory, digital, and more)
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A BOP might help cover claims from:
- theft
- fire
- bodily injury
What is typically included in a BOP?
A business owners policy (BOP) packages important coverages together in a convenient way. A policy might include:
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general liability -- when someone sues your business for causing harm, cover it and cover the defense
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property -- for non-real property your business owns, rents, or leases (buildings, equipment, inventory)
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business income and extra expense -- the unexpected happen, and in case your business has a sudden suspension in income, fixed costs like payroll and rent remain financial obligations
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and more, depending on your situation
Simply put, it is insurance designed to protect your business and usually comes in a "package" policy of property and liability insurance. We can tailor it to your needs, whether you are a new venture with 1 employee or you have hundreds of employees. There are different types of insurance thus depending on your particular business.
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Do you have employees? Check our workers compensation insurance.
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Does your business operate with vehicles? Check our commercial auto insurance.