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out of 5 customer review rating and 200,000+ policies sold.

Protect Your Business From Unexpected Claims

Our sole mission is to give small business owners like you top-tier, yet cost-effective, insurance options. We sell our business owners insurance policies directly to you, online or over the phone. Your choice. Either way, you’ll be saving up to 20% compared to other companies. There’s no middleman or unnecessary fees, just an insurance policy and an insurance company here to make sure your small business is covered.

What is Business Owners Insurance?

This type of coverage, also called a business owner’s policy (BOP), is a simplified approach to commercial insurance for small businesses. By combining general liability insurance and commercial property insurance, along with other coverages, you could benefit in several ways:

Your Coverage is Broader

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More potential insurance claims are protected by a single policy.

You Could Save Money

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Submitting claims is simpler because more concerns fall under this one policy.

You Could Save Money

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Business Owners insurance purchased together usually cost less than the total cost of individual policies.

What Does Business Owners Insurance Include?

General Liability Insurance Typically Covers:
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    Property Damage.When customer property is damaged by an employee, your coverage may help pay for repairs or replacement.

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    Bodily Injury.If someone other than an employee is injured on your property, this coverage can help with medical expenses plus legal expenses and damages.

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    Product Liability.If products developed or sold by your business harm people or property, this coverage could help pay legal expenses associated with product liability lawsuits and medical expenses if an injury occurs.

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    Libel, Slander, and Copyright.This coverage helps protect you against some lawsuit expenses from personal and advertising injury. Advertising injury can include disparaging another business in your advertisements, stealing an advertising idea, and more.

Property Insurance Typically Covers:
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    Your Building or Leased Space.This coverage provides protection for the building you own or even a building where you are required to provide insurance coverage as part of the lease.

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    The Contents of Your Building.Property insurance can cover inventory, equipment, or tools and other people’s property in your building that has been damaged by an employee, yourself, theft, natural disaster, or weather.

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    Income From Your Business.In the event of a disruption or property damage, you may be covered for the expenses needed to resume business, including covering net income, payroll costs, and even temporary business relocation.

Can I Customize My Policy?

Yes. Your business owners policy can be customized to address your commercial property, business personal property, or liability needs by adding an endorsement. An endorsement can either enhance or modify the coverage, depending on your requirements. Don’t know what you need? Our licensed experts are available to help you figure out which of these endorsements is right for you:

Industry Endorsements

Depending on the industry you’re in, there are specific needs that arise as part of conducting business. For example, a restaurant industry endorsement might cover food spoilage. A retail store endorsement might cover expenses from having to withdraw merchandise. A hotel or motel endorsement might increase coverage for outdoor fences and signs.

Risk-Specific Endorsements

Some businesses have inherent risks beyond what’s usually covered in a business owners insurance policy. There are dozens of risk-specific endorsements that can add an extra layer of protection when needed, like cyber coverage, garagekeepers’ legal liability, miscellaneous professional liability (E&O), and more.

Increased Coverage Limits

If you want even greater security and protection, standard coverage limits can often be increased.

Why biBERK for Business Owners Insurance?

We’re the experts when it comes to business owners insurance for small businesses.

Save Time

Get a quote entirely online or speak with one of our insurance experts right away for help getting a quote, buying a policy, or answering any questions you may have.

Save Money

We insure your small business directly, without a middleman or insurance broker, so we pass that savings along to you - up to 20% less than policies with other insurance companies.

Experienced

We're part of Warren Buffett's Berkshire Hathaway Insurance Group with millions of satisfied customers, more than 75 years of insurance experience, and $38 billion in paid claims in 2020.

How Much Does Business Owners Insurance Cost?

Our policies start at about $500,
and most people pay less than $2,000.

 
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Calculating Your Premium

All of these factors are considered when calculating your premium:

    • Business activities
    • Number of employees
    • Annual revenue
    • Condition and size of your properties
    • Industry
    • Number of years in business
    • Claims history

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How can I Reduce Costs?

Business owners insurance is very affordable. Even so, there are steps you can take to lower your insurance costs, including:

Choose biBERK

By working with a direct supplier of business owners insurance, you’re avoiding broker fees and other charges. Plus, our experts can help review your policies annually to ensure you have the right amount and type of coverage.

Save on Billing Fees

Pay your annual business owners insurance premium in full, or sign up for automatic payments at the beginning of the policy.

Actively Manage Risks

Prevent slips and falls (the most common general liability claim) by instructing your employees to maintain a clean environment. You can also manage risks by ensuring your employees are up to date on any necessary training—like how to properly operate machinery, for example.

Protect Your Property

If you want even greater security and protection, standard coverage limits on your business owners insurance often can be increased.

Get a Quote Today

Find out how affordable business owners insurance can be.

Is professional liability insurance required?

What Coverages are Included in a BOP?

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General Liability Insurance Typically Covers:

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    Property Damage.

    When customer property is damaged by your work or by an employee, business owners policy insurance may help pay for repairs or replacement.

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    Bodily Injury.

    If someone other than an employee is injured on your property, a business owners policy can help with medical expenses plus legal expenses and damages.

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    Product Liability.

    If products developed or sold by your business harm people or property, property and liability insurance could help pay legal expenses associated with product liability lawsuits and medical expenses if an injury occurs.

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    Your Building or Leased Space.

    This coverage provides protection for the building you own or even a building where you are required to provide insurance coverage as part of the lease.

Property Insurance Typically Covers:

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    The Contents of Your Building.

    Property insurance can cover inventory, equipment, tools, and other people’s property in your building that has been damaged by an employee, yourself, theft, natural disaster, or weather.

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    Income From Your Business.

    If products developed or sold by your business harm people or property, property and liability insurance could help pay legal expenses associated with product liability lawsuits and medical expenses if an injury occurs.

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What’s not Covered by Professional Liability Insurance Companies?

Coverage provided by professional liability insurance is fairly comprehensive. However, there are a few things that aren’t covered with your policy. For starters, biBERK and other typical professional liability insurance companies don’t cover warranty or product guarantees your company makes. We also don’t provide coverage when a client is simply unhappy with the work you did. For coverage to apply, the claim must be the result of an error or omission. There are a few other exclusions including:

What does PL insurance cost?

Typically, biBERK’s professional liability insurance policies start around $300 and can go up into the thousands. This cost is based on a number of factors, such as your specific industry, the level of coverage you choose, your years in business, number of employees, revenue, and the policy limits you need. Your professional liability insurance cost is an investment in protecting your business, but there are still ways you can further reduce the cost.

How do I Lower My Professional Liability Insurance Cost?

  • Purchase the right amount of coverage. The higher the amount of coverage you want, the higher your premiums will be. For example, all else being equal, $500,000 in coverage will cost less than $2 million in coverage.

  • Choose a higher deductible. Just like with auto insurance, higher deductibles mean lower premiums. Just be sure to carefully assess your needs and your budget.

  • Choose a higher deductible. Just like with auto insurance, higher deductibles mean lower premiums. Just be sure to carefully assess your needs and your budget.