A Business Owner’s Policy bundles your business property and business liability insurance into one policy.  Your Business Owner’s Policy will cover your business from claims caused by fire, theft or any other covered peril and.  The policy also covers claims involving bodily injury, property damage and advertising injury that could occur from operations conducted by your business.  Consider purchasing a Business Owner’s Policy if you run a possibility of being sued or have data and inventory that could be stolen or damaged.

Business Owner’s Policy Includes:

  • Commercial Property Coverage – Protects property your business owns, leases or rents such as the building, equipment, inventory, furniture and fixtures.  Coverage is also provided for loss of accounts receivable and important documents.
  • General Liability – Broader coverage for your business if sued for causing harm to an individual or damage to property.
  • Business Income – Replaces loss of income to meet financial obligations such as rent or payroll in case you suspended operations because of covered loss.

Additional Coverage:

  • Data Breach Coverage: As a business that handles a customer’s private information or even your employee’s information you may be at risk for data breach.  To restore consumer confidence back in your business be sure to act quickly if you suspect sensitive information was stolen.  Data breach coverage can help pay for expenses to notify individuals impacted, engage credit monitoring services and public relations; coverage pays for defense and judgment costs if your business is sued from a data breach.
  • Errors and Omissions: As a provider of professional services a client can sue you claiming a negligent act on your part; coverage protects you from such claims made on your business.
  • Worker’s Compensation: Coverage pays for work-related injury, illness or death for an employee or employee’s family medical costs; coverage pays for employee’s income if they are out of work due to a covered illness or injury.
  • Commercial Auto: If you or your employees use cars and trucks for daily business-related tasks consider a Commercial Auto Policy.  Protects your business from financial losses if it incurs an at-fault claim from an auto accident.

Contact our agents to get more information on purchasing a Business Owner’s Policy.