Commercial or Business Insurance
Some examples of other products available to businesses:
- Business income / business interruption
- Equipment breakdown
- Inland and ocean marine
- Commercial auto
- Workers compensation
- Employers liability
- Excess / Umbrella coverage
- Professional liability
- Surety bonds
- Earthquake endorsement
Talk to an insurer who understands your business and your potential exposures. To find a company or agent, you might see who insures businesses similar to your own. Ask industry peers or a business trade association for recommendations.
Depending on the size and nature of your business, you might qualify for a Business Owners Policy (BOP). It is a more generic package of property and liability coverage suitable to a wide variety of smaller businesses.
The Business Owner's Policy (BOP) combines two critical business insurance coverages: business property and business liability. With one convenient policy, you're protected against fire, theft, lawsuits and more.
In addition, you can purchase optional coverages allowing you to tailor a policy that meets the unique needs of your business, today and as it evolves.
Business Property Insurance The property insurance can help protect the property your business owns, leases or rents, including things like buildings, equipment, inventory, furniture and fixtures. It provides coverage for damaged computers and media and loss of accounts receivable records.
Business Liability Coverage When it comes to liability protection, the broader the coverage the better. That's why The BOP insurance provides business liability insurance that covers your business in the event your business is responsible for causing harm to a person and/or damage to property. It also helps cover the cost of your defense.
Loss of Business Income If unexpected events cause your operations to be suspended due to a covered cause of loss, The BOP insurance will help replace any loss of income to help you meet your continuing financial obligations such as rent or payroll.
Data Breach Coverage Offered as an optional coverage, data breach coverage provides you with access to professionals who can help you comply with regulatory requirements, provide guidance on how to help prevent a data breach and handle a breach crisis if one occurs. Response expense coverage can help to quickly restore confidence in your business or practice through notification to impacted individuals and can help pay for good faith advertising expenses, for example. In most states, coverage is also available for defense and liability expenses in the event you're sued because of a breach.
Professional Liability (Errors and Omissions) Coverage You put your professional judgment and expertise on the line just about every day. Even if you’ve done nothing wrong, your business can be sued by a customer or client claiming a negligent act, error or omission in the professional services you provided. Add Professional Liability (Errors and Omissions) coverage to your BOP insurance to help protect your business from this type of claim.
Workers' Compensation Insurance
Businesses Need to Carry Insurance