We understand\u2014insurance is\u00a0expensive for small businesses. When you\u2019re trying to keep your company afloat, your employees paid, and your customers happy, increasing costs in any area of your business can be a great source of stress.<\/p>\n
Luckily, a business owners policy (BOP) can provide the common types of coverage that any business needs under one policy, saving you valuable funds.<\/p>\n
Some of the types of insurance provided by such a policy include:<\/p>\n
This is a type of insurance any business needs to protect against damage from such things as windstorms, hail, fire, and other natural disasters. This will also help protect your personal business property, such as computers, and replace lost business income.<\/p>\n
Learn more about commercial property insurance<\/a>.<\/p>\n This protects the assets of your business and pays for expenses and obligations, such as medical costs if a customer or client is injured on your property. It will also protect your business if you or your employees cause an injury or property damage.<\/p>\n General liability insurance pays for the expenses of your legal defense and any settlement or monetary award granted if someone successfully sues you. Such damages could include compensatory damages, or money granted to a plaintiff to compensate for injury, damages, or another type of loss. Other damages could include nonmonetary losses an injured party would suffer and punitive damages a court would grant to punish you for wrongdoing.<\/p>\n This insurance could also protect you against claims of misleading or false advertising, such as slander, libel, or copyright infringement. In addition, it would protect you against your financial responsibility as a tenant if you are responsible for damage to a property you rent, such as a fire.<\/p>\n Learn more about general liability insurance<\/a>.<\/p>\n Business interruption insurance is coverage that will replace lost income your company might suffer after a disaster. This could be income lost after a business has to close because of a disaster or any rebuilding necessary after the disaster.<\/p>\n Such insurance might be needed after a fire has greatly damaged your business, making it impossible\u00a0to do work there for some time, or similar damage that might happen after any natural disaster, such as a windstorm.<\/p>\n Learn more about business interruption insurance<\/a>.<\/p>\n BOPs can also include other, more specific types of insurance depending on the nature of your business, including:<\/p>\n BOPs can save small businesses a lot of money by combing several types of coverage into one policy, but they will not provide all the insurance a company might need. They will not provide:<\/p>\n Combing policies can save money, which is where a business owners policy can come in handy for any small business. If you have any questions about a business owners policy, or anything else related to business insurance, feel free to\u00a0contact us<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" We understand\u2014insurance is\u00a0expensive for small businesses. When you\u2019re trying to keep your company afloat, your employees paid, and your customers happy, increasing costs in any area of your business can be a great source of stress. Luckily, a business owners policy (BOP) can provide the common types of coverage that any business needs under one […]<\/p>\n","protected":false},"author":5,"featured_media":3036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[76,191,7,90,6,107,16,13],"tags":[181,264,163,265,266,126,165,55],"class_list":["post-3034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-insurance","category-business-owner-resources","category-company-health-insurance","category-general-liability-insurance","category-health-insurance","category-insurance-policy","category-liability-insurance","category-workers-compensation","tag-advice-for-business-owners","tag-business-interruption-insurance","tag-business-owner-tips","tag-business-owners-policy","tag-commercial-liability-insurance","tag-general-liability-insurance","tag-ways-to-save-money","tag-workers-compensation"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\tGeneral Liability Insurance<\/h2>\n
Business Interruption Insurance<\/h2>\n
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What A BOP Won\u2019t Cover<\/h2>\n
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