 Insurance
companies, which offer business insurance, sell policies that
combine property and liability risk protection in one policy.
Separate coverage also is available if that better fits your needs.
A package developed for small and mid-sized businesses is the business
owner's policy (BOP), and they are usually created for
businesses that generally face the same kind and degree of risk.
Larger companies are likely to be better served with a commercial
package policy or by customizing their policies to meet the special
risks they face.
What do Business Owners Policies Include?
 |
Property insurance for
the buildings, and their contents, that are owned by your
company; two levels of coverage are offered -- standard or
special coverage is available. |
|
Business interruption
insurance to cover the loss of income due to a fire or other
catastrophe that disrupts the operation of your
business. |
|
Liability protection to
cover your company's responsibility for harm caused to others
when this harm is a result of something you and your employees
do or fail to do that may cause bodily injury or property
damage due to defective products, faulty installations or
errors made in the service you provide. |
Business Owners Policies Do NOT Cover*:
*The above coverages are available as separate policies as
needed. |
