You should consider a business owner’s insurance policy if:
Your business has a physical location. It doesn’t matter where you conduct your business, it matters if your business and assets have coverage. Your BOP policy can help cover businesses run out of your home, a rented or owned office, store or garage.
There’s a possibility of you getting sued. For example, let’s say a customer who was injured at your work place slips and falls. Without the proper business owner’s insurance, you may be looking at hefty out-of-pocket fees to cover the customer’s medical expenses.
You have assets that could get stolen or damaged. From digital assets and customer data, to equipment, furniture, cash or inventory, some assets can be very hard to replace. With BOP Insurance, you don’t have to worry about where the money is coming from in the event you have assets that got stolen or damaged.
Business Owner’s Policy includes:
Commercial General Liability Insurance shields your business from covered claims and lawsuits that stem from your everyday business operations. Commercial Property Insurance helps protect the business property you own, lease or rent, including assets like your buildings, equipment, furniture, fixtures and inventory. Business Income and Extra Expenses (BIEE) provides coverage when your business shuts down temporarily due to a fire or other covered loss. It helps replace your income and covered expenses like rent, payroll and other financial responsibilities while your property is being repaired or replaced.
Businesses can tailor their Business Owner’s Policy (BOP) to help meet their unique needs by adding optional coverages like:
Business income for off-premises utility services
Other specialized coverages
A BOP Policy is great because it can be custom-made to fit industry specific businesses. This means it’s great for businesses of any size especially small businesses. Package policies, such as a Business Owner’s Policy, are built to cover businesses that generally face the same risks. Customizing your BOP Insurance is an imperative first step when insuring your business. You should do this from the beginning to protect against loss and damages early on.
Mouton Insurance Brokerage offers a no obligation, comparative proposals on commercial insurance from multiple A++ carriers so you can get the best possible coverage at the best possible rate.
Just request a quote to find out coverage and premium options. We can also be reached by contacting us today.
Mouton Insurance Brokerage, Inc. offers free, comparative quotes on business owners package insurance from multiple insurance carriers so you can get the best possible coverage at the best possible rate.
Just request a quote to find out coverage and premium options.