What does a business owners policy cover?
This 2-in-1 policy includes general liability plus protection for your property.
A Business Owners Policy offer protection for much more than liability. It can cover:
- Business location, merchandise, store contents, and equipment
- Business interruption expenses and loss of income
- Cases where someone is hurt on your premises
Example: A fire damages your store. A BOP could cover your lost merchandise, repairs to your store and help pay your employees' wages while business is interrupted.
Am I properly covered?
For most small businesses, general liability insurance is a necessity. Beyond that, it depends on your unique situation. Common types of business insurance include workers' compensation, commercial auto, and/or professional liability insurance as well.
