If you own a small business, you need security of multiple coverages specific to your industry. If you are a small business, you can opt for a complete package sometimes called a BOP or Business Owners Package as opposed to getting different kinds of insurance policies individually. Insurance coverage is an essential part of your success and depending on which state you work in, various coverage is required. Below are the common types of insurance for mall businesses that we at InsureWise can help you get into a policy specific to your industry, your business, and your budget.
Business Owner’s Policy (BOP)
Comprehensive protection against all the aspects including property insurance, business interruption, crime, and so forth is provided in this near all-inclusive coverage. Also, the policy could be altered per the specific company’s needs.
Commercial Property Insurance
This enables you to have a cover against the odds of a fire, vandalism, theft, smoke, or other damages for the property or building owners. To protect your earnings, it could also complement business disruption loss.
Employees who are injured on the job are insured with this coverage. To those who are injured while working, this type of insurance provides wage replacement and medical benefits. The employee gives up his right to sue his employer for the incident in exchange for these benefits.
Commercial Auto Insurance
This protects your vehicles for your business’s needs. The workers or even work-related equipment need to have limitless protection.
Professional Liability Insurance AKA Errors and Omissions Insurance
For failure to or improperly rendering professional services, this policy provides defense and damages. This protection is not provided with general liability policy.
Cyber Liability or Data Violation
The threat of important and confidential data on its computers to be stolen as well as a potential loss of information gets protected with this insurance.
Selecting Your Options
Varying from BOP, professional coverage, or more, you can customize your insurance policy. The most common policy for small businesses is a business owner’s policy (BOP). As there are numerous hazards that could come across a business regardless of its size, there are varied complicated policies including worker’s compensation or fire insurance for small businesses. No matter what your small business is involved in, and you want to protect all of your possible claim issues.
What Info Do I Need for Small Business Insurance?
When You Get Business Insurance, Have the Following the Information. Many people think they need detailed documents, ledgers, and other information, when you just need some basics things available at the time of buying insurance.
– Business Name
– Full Address
– Contact Information such as Phone Number and Email
– Years in Business (or years of experience if it is a newly established business)
– Annual Sales
– Legal Entity
– Full Time and Part-Time Employees Information
Small Business Insurance
Call InsureWise today to get your business insurance squared away and we will tailor you a policy that fits your specific needs, including budget.