Starting a small business can be very professionally and personally rewarding. However, operating a company of any size involves risk. Natural disasters, accidents, professional errors, and employee injuries are just some of the events that can occur at any time and threaten your livelihood and that of your employees. Small business insurance helps protect your company from financial loss when problems arise.
Employees rely on the benefits you provide them—health insurance, for example. They need to know that the coverage will be there for them when they need it.
Company owners face many challenges in running a successful business. One of them is creating and maintaining an environment where each employee believes the company and their fellow employees are treating them fairly.
Wherever you are in the U.S. there’s a risk of inclement weather negatively impacting your business. From tornadoes and hurricanes to blizzards and severe thunderstorms, the potential for property damage and business interruption is ever-present and something you have to be aware of.
A business owners policy (BOP), which is also called property and liability insurance, is a policy that combines property insurance and liability insurance. It’s a streamlined approach to small business insurance that makes it easy for owners to protect their companies and property.
A business owners policy or BOP (also called property & liability insurance) conveniently combines general liability insurance and commercial property insurance.
Property and liability insurance (i.e., a business owners policy) provides coverage that’s a combination of general liability insurance and commercial property insurance. This includes property damage, bodily injury, an owned or leased space, and more. Getting these coverages in one policy is a common approach for small businesses
The insurance known as equipment breakdown coverage or boiler and machinery insurance coverage is what’s called an endorsement, add-on, or rider. It extends the coverage of a business owners policy or BOP. Also called property & liability insurance, a BOP is a simplified approach to small business insurance that combines general liability and commercial property insurance.
A business owners policy (or BOP) and a general liability policy have many things in common. For example, they both provide protection from financial liability for many types of incidents. This includes accidental damage to customer property and injury to non-employees on the policyholder’s property.
A business owners policy (also called BOP insurance) includes two important types of coverage in one policy: general liability insurance and commercial property insurance. Also called property & liability insurance, a business owners policy can be easier to manage than having multiple policies.
We want you to make well-informed decisions about your insurance needs. Learn from answers to the questions most frequently asked by business owners.
