Business Insurance Update
There is no denying the fact that the success of your business depends on the hard work of you and your team. But one disaster can wipe out all your efforts and take the profits to dust. So, to avoid such a situation, you need to insure your business; whether it is a small enterprise or a large corporation.
There are insurance companies which have policies that combine protection for all major property and liability risks into one package. You can also opt for separate coverage. Such a policy is called a Business Owners Policy (BOP). Larger companies tend to purchase a commercial package policy.
What Is Included In A BOP?
BOP’s include property insurance for buildings and equipment owned by the company. If there is any loss of income due to disruption of operation and business because of accidents like fire, it can be covered under the Business Interruption Insurance.
A BOP also covers the company's legal responsibility for the harm it may cause to others, (bodily injury and property damage) as a result of your company’s negligence. BOP’s can also include professional liability, auto insurance, and workers’ compensation insurance. Earthquake/Flood is not included in most BOP’s.
Advantages of A BOP
The world is changing, and we understand the many issues that businesses face every day. There is constant competition for your customers, there are challenges in attracting and retaining top talent, and your cost of goods keeps going up. Part of your planning should include an annual business insurance review. We can offer a number of ways to save and improve on your business insurance program, including combining all your coverage into one “package”.
Did you know that many commercial insurance companies give discounts for combining your property, auto, liability, and even excess insurance into one program?
Here are the coverage’s we suggest you have for your business
As an Independent Insurance Agency we represent many insurance companies to fit your businesses dynamic needs. Whether you're a new business or a small business, we can help. Being an Independent Agent means we are not only your agent, but we are your insurance broker as well. We understand every business and industry is unique, so we will work with you to find the best business insurance coverage at the lowest rate. Contact us today for a free quote.
Having working fire safety equipment can save lives. But electronic devices are not infallible; batteries die, and other parts of the smoke detector can wear out over time. Regular testing can help ensure that your family will be safe in the event of a fire in your home.