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Insurance companies selling business insurance offer policies that
combine protection from all major property and liability risks in one
package. (They also sell coverage separately). One package purchased by
small and mid-sized businesses is the business owners policy (BOP).
Package policies are created for businesses that generally face the same
kind and degree of risk. Larger companies might purchase a commercial
package policy or customize their policies to meet the special risks
they face.
Business Owners Insurance Policy include the following: Property
insurance for buildings and contents owned by the company, Business
interruption insurance and Liability protection. Business Owners Policy
do NOT cover professional liability, auto insurance, worker’s
compensation or health and disability insurance. You'll need separate
insurance policies to cover professional services, vehicles and your
employees.
Whether for-profit or non-profit,
small businesses should have certain kinds of insurance. Liability
insurance is highly recommended for property and automobiles. Worker's
Compensation Insurance is state-required when you have employees. Part
of the decision about what insurance to buy depends on the nature of the
business. For example, if it has a lot of assets, it might consider
theft and property damage insurance. You may want life insurance on you
and other critical personnel in your organization. You also may want to
consider various other forms of insurance, for example, Directors and
Officers (if you have a Board of Directors) or business interruption. |
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Online,
affordable and cheap business insurance
quote available for the following states in the USA:
Alabama - AL, Alaska - AK, Arizona - AZ, Arkansas - AR, California - CA,
Colorado - CO, Connecticut - CT, Delaware - DE, District of Columbia - DC,
Florida - FL, Georgia - GA, Hawaii - HI, Idaho - ID, Illinois - IL,
Indiana - IN, Iowa - IA, Kansas - KS, Kentucky - KY, Louisiana - LA, Maine
- ME, Maryland - MD, Massachusetts - MA, Michigan - MI, Minnesota - MN,
Mississippi - MS, Missouri - MO, Montana - MT, Nebraska - NE, Nevada - NV,
New Hampshire - NH, New Jersey - NJ, New Mexico - NM, New York - NY, North
Carolina - NC, North Dakota - ND, Ohio - OH, Oklahoma - OK, Oregon - OR,
Pennsylvania - PA, Rhode Island - RI, South Carolina - SC, South Dakota -
SD, Tennessee - TN, Texas - TX, Utah - UT, Vermont - VT, Virginia - VA,
Washington - WA, West Virginia - WV, Wisconsin - WI, Wyoming - WY. |
