Business Owners' Package Policy
Business Owners' Package Policy Quote Form
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Business Owners' Package Policy Quote Form
Business Owners' Package Policy Information
As a small business owner, you could face costly out-of-pocket expenses from everyday business activities (e.g., a customer slips and falls at your store, or a fire forces your company to shut down temporarily). A business owners insurance policy (BOP) can help provide financial protection from these losses.
BOP coverage is available for eligible small- and medium-sized companies. Contact Maranatha Tax & Insurance Agency in Mount Dora, Florida, to learn if your business qualifies.
What Is a Business Owners Policy?
A BOP bundles multiple essential business coverages into one convenient policy. By combining those coverages with one insurer, BOP policies can generally be purchased for less than it would cost to buy each policy individually.
What Does a Business Owners Policy Cover?
The exact coverages included in your BOP may vary with your insurance company. The following are examples of common BOP coverages for you to consider:
Business interruption insurance—This coverage can help cover your business expenses if a covered loss forces your business to close temporarily. The following are examples of expenses that may be included under this policy:
- Mortgage
- Payroll
- Lost revenue
- Relocation costs
- Extra expenses
Commercial property insurance—This coverage can help pay for essential business materials (e.g., inventory and equipment) that are lost, stolen or damaged due to covered losses.
General liability insurance—This coverage can help pay for costs associated with allegations that your business caused third-party harm. The following are examples of harm that may be covered under this policy:
- Bodily injury
- Personal injury
- Advertising injury
- Property damage
To review your insurance coverages, speak to your insurance agent or contact Maranatha Tax & Insurance Agency today.
Who Needs a Business Owners Policy?
If you rent or lease your business space, your landlord may require general liability insurance and commercial property insurance. In some cases, clients will also require proof of general liability insurance to do business with you. Even when business insurance is not required, you should consider a BOP to protect your business from unexpected losses.
How to Choose the Right Business Owners Insurance Policy for Your Company
When deciding which type of BOP to purchase, you should shop around and compare multiple insurance quotes from insurers. The agents at Maranatha Tax & Insurance Agency are here to answer your questions. Contact us today to get started with an insurance quote.
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