Comprehensive business owners insurance

As a business owner, you know you need insurance to protect your business. A business owners policy (BOP) offers the convenience of combining the coverages you need into one package.

Like other types of insurance coverage, a business owners policy isn’t one-size-fits-all. We’ll work with you to design coverage that protects your business from the unique risks it faces.

There are two types of coverage included in a standard BOP:

1. Property Insurance – Property insurance covers risks associated with your business’s premises, equipment and vehicles. This is an essential coverage because it ensures your business, assets and income are protected. The property insurance in a BOP typically covers fire, flooding, theft, accidental damage, loss of income and loss of or damage to the property.

2. Liability Insurance — Liability insurance helps cover the costs of injury and property damage claims against a business. It can help pay for medical care, repairing or replacing damaged property and legal fees for covered claims. Although liability insurance usually doesn’t cover risks related to professional services, such as damages that result from giving clients inaccurate advice, it may cover costs related to errors or misstatements in advertising.

Whether your company is a startup or established, the business insurance advisors at Spring Ridge can help you design the BOP you need to protect your business, income and assets. Contact us to learn more.