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Business Owner's Insurance

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Business Owner's Insurance Provided By Our Agency

Most businesses will need a business owner’s policy (BOP). A BOP combines business property, business liability and business income insurance in one policy.
General liability
Property Damage
Business Owners Policy (BOP)
Cyber liability
Workers Compensation

General liability

Risk Factors

There can be a possibility that a visitor gets injured or gets their property damaged in your business premises.

Solution

Every business, even if home-based, needs to have liability insurance. The policy provides both defence and damages if you, your employees or your products or services cause or are alleged to have caused Bodily Injury or Property Damage to a third party.

Property Damage

Risk Factors

Your business property may get damaged by certain unexpected events like fire, explosion, hail, etc and cause you a great loss.

Solution

Properties covered by a business policy usually include buildings (owned or rented, additions or additions in progress and outdoor fixtures). The property insurance portion of a It is usually available as named-peril coverage, which provides coverage only for damage caused by events specifically listed in the policy (typically fire, explosion, wind damage, vandalism, smoke damage, etc.).

Business Owners Policy (BOP)

Risk Factors

A business owner would require to take various types of insurance coverages to cover each risks. This can cost him more if he/she take it separately.

Solution

A business owner policy packages all required coverage a business owner would need. Often, BOPs will include business interruption insurance, property insurance, vehicle coverage, liability insurance, and crime insurance. Typically, a business owner will save money by choosing a BOP because the bundle of services often costs less than the total cost of all the individual coverage’s.

Cyber liability

Risk Factors

Cyber-attack on your computers can be harmful and you would become liable for the losses & expenses incurred.

Solution

Get coverage for computer attacks and damage to electronic data and computer systems. Also offset the effects of your database being hacked or getting a virus.

Workers Compensation

Risk Factors

Your employees can get themselves injured while working in your office premises and you would be liable to pay for their medical expenses for the same.

Solution

This coverage provides insurance to employees who are injured on the job. This type of insurance provides wage replacement and medical benefits to those who are injured while working. In exchange for these benefits, the employee gives up his rights to sue his employer for the incident.

Do I need Business Owner's insurance?

Businesses need business insurance because it helps cover the costs associated with property damage and liability claims. Without business insurance, business owners may have to pay out-of-pocket for costly damages and legal claims against their company. Depending on the incident, this could be a financially devastating scenario for business owners. In some states, businesses are required to have specific types of business insurance.

A Business Owner's insurance policy will keep you protected if your company has

  • Jewellery and Smartwatches
  • Guns & Bows (Opens Popup)Guns & Bows
  • Cameras (Opens Popup)Cameras
  • Instruments (Opens Popup)Instruments
  • Fine Art (Opens Popup)Fine Art
  • Silverware (Opens Popup)Silverware
  • Furs (Opens Popup)Furs
  • Stamps and Coins (Opens Popup)Stamps and Coin

Coverage Provided by Business Owner's Insurance

Employees

Workers can accidentally injure customers or cause property damage. With this policy, you’ll have protection for them and your business.

Any chance of a lawsuit

If a customer slips and falls at your store, this can help pay their medical expenses and your legal costs.

A physical location

Your BOP policy can help cover businesses run out of your home, a rented or owned office, store or garage.

Assets that could get stolen or damaged

Digital property, equipment, furniture, cash and inventory are all difficult to replace without the right insurance.

Private customer data

If someone steals or loses personally identifiable information, this can help pay expenses like notifying impacted clients and public relations.

Already have Business owners Insurance? Switching is easy

It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options

If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.

Contact us today to help you with multiple options to choose from.
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