Is a Business Owners Policy Right For My Business Right Now?
You’ve worked so hard to start your own business, so the undeniable answer is “Yes”. Your business is everything to you and it’s important to keep your #1 asset protected with the right coverage.
Unexpected events could be devastating to your business. A Business Owners Policy (BOP) provides coverage when you need it most.
Finding the insurance that meets the specific needs of your business doesn’t have to be a daunting task. Our team at News Insurance makes it easy. We understand that your business is unique and needs a plan with customized features and benefits.
What is a Business Owners Policy?
A Business Owners Policy is a comprehensive insurance package that combines coverage for major property and liability insurance risks, as well as any additional coverages, that may be optional. Your BOP comes nicely bundled into one convenient package, making it easy on you, the business owner.
What Will My Policy Cover?
A typical comprehensive Business Owner Policy includes: property insurance, business interruption insurance, crime insurance, vehicle coverage, liability insurance and flood insurance. Depending on any additional risks your business might encounter, supplementary components can be added to the original package.
Property Coverage may account for business buildings and their contents, including — but not limited to the following: inventory, office equipment, furniture and computers, equipment leased or rented for business use, and property, currently in your care that belongs to someone else, that is accidentally damaged.
Liability Coverage accounts for damages that you are legally obligated to pay as a result of bodily injury, property damage or personal or advertising injury, up to the policy limits and subject to your deductible.
Coverage can easily be added to a property for such items as special equipment, fine arts, valuable papers and records, and accounts receivable.
Combining protection from all major property and liability risks in one package helps to keep your premiums lower and is generally more cost-effective. If you operate a small or medium-sized business, you shouldn’t be without a solid, reliable policy. Our business-savvy experts will work with you to design a custom Business Owner Policy that fits the needs of your business to help keep you comfortably protected.
Our team comprises of licensed and experienced insurance professionals with strong customer and community ties. Our agents know which insurance carriers are the best for your specific needs and help you understand your coverage and quotes. Finding you the best coverage and service, we help you save your time, energy and the daily hassles.
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