If you own a business, commercial insurance is of great importance to you. Each business is unique, having various vulnerable points or areas of threat, not only to the business owner but to employees and anyone else who is invested in your company. At Whiteside Insurance Agency LLC, we can go over all of the details of your business to find the coverage needed to keep your company going, despite the perils that threaten to put you out of business.
Here are the main facts you want to understand as you decide what type of Business Owners Policy your company needs:
BOP (Business Owners Policy)
The vast majority of businesses in Texas are considered small businesses. When you own a small business, there are many types of risks that constantly threaten to shut you down.
With a Business Owners Policy, you get to pick and choose the types of coverage you think will fit best for your company. It all gets packaged neatly into a policy that is custom made for your business. Whether you feel the need for protection from a data breach, professional liability, personal and advertising injury, rental vehicle coverage, or so many more options, we can help you find what you need to keep your business safe from specific perils.
Coverage Available in BOP
The main parts of your BOP will typically include the following types of coverage:
Commercial Property Insurance
With this coverage, your building, inventory, and equipment are protected from hazards such as fire, theft, vandalism, or collision with a vehicle.
General Liability Insurance
If someone gets injured on your premises or is hurt by you or one of your employees, this will cover their medical bills or any legal fees should a lawsuit be involved. It also covers damage caused by you or your employees to other property. So if a customer comes to the front desk and drops and breaks their cell phone when a hurried employee bumps into them, this insurance coverage will replace that cell phone.
Business Income Insurance
If you need to temporarily shut down your company, business income insurance will make it possible for you to continue paying your employees until things are up and running again.
Fraud, theft, and forgery are a big concern in most businesses. With this insurance, you can rest assured that these threats are not a concern to you.
A business owners policy may not be the best fit for every company, but for the majority of small businesses, it is a perfect choice. Give us a call to discuss the difference between a business owners policy, commercial liability insurance, or other coverages available to business owners. We have so many options available for the wide variety of our customers and their businesses. Whiteside Insurance strives to provide the ultimate satisfaction to our customers, so let our agents assist in putting together the perfect policy for you!