Business insurance is a necessity for even the smallest company in order to protect and maintain its financial health. You seek to control losses and prevent bodily injury and property damage. But accidents happen.
Know your coverage for your business. Know what types of losses apply. Know what’s not covered. A Business Owners Policy (BOP) offers a range of coverages that small and medium sized businesses need such as these few examples:
Property Insurance – For your building, equipment and inventory.
Business Interruption Insurance – To cover losses when business is suspended.
Bodily Injury and Property Damage Liability – In the event you or your employees cause harm to others or to their property.
Medical Payments – For medical expenses resulting from injury to others on your premises.
Equipment Breakdown Coverage – Protects your equipment in the event of damage from a power surge, mechanical breakdown or burnout.
Discuss your concerns with your agent and keep in touch with them as your business insurance needs will undoubtedly change as the nature of your company evolves.