All businesses require several basic insurance coverages to protect your business' property as well as provide protection against potential liability claims. We will start by discussing the fundamental coverages that will provide coverage for the more common losses associate with your business.
Depending on the size and type of your business we will identify the best type of Insurance for your Business.
A BOP (Business Owners Policy) provides you with comprehensive insurance coverage for standard exposures designed for your industry sector. It includes Property Insurance for buildings, contents, and personal property of others on your premises, among other coverages. The property component also includes Business Interruption insurance, which is vital should a covered loss occur that causes your operation to shut down while repairs or rebuilding takes place. With this coverage, you will be covered for ongoing expenses such as payroll, utility bills, etc. - up to the amount specified in your limits.
A BOP policy can also include equipment breakdown, glass or signage and exterior structures, among other specialty items particular to your niche. Depending on your exposures you can add enhancements to broaden your Property coverage for mobile property, crime, valuable papers, money and securities and other business assets that could be damaged or destroyed.
Your Liability coverage can also be tailored to fit your specific operation and the niche you serve. Our staff works with several leading insurers to obtain a policy designed for your industry segment.
Depending on the size of your company, a Commercial Package Policy may be better suited for your business. A Commercial Package Policy differs from a BOP in that you select the specific coverages you want and bundle them as a multi-policy package.
We can limit your Commercial Package Policy to just the coverages you need to eliminate any redundancies in coverage with other policies you may need for your business. Coverages often included can include:
We can also secure built-in coverage for various expenses such as debris removal, valuable papers, outdoor property and signs, and sewage and drain backup, to name a few. We will review all of your options with you and help you decide the insurance solutions that best protect your company.