As a business owner, you want to make decisions that are right for your company. This includes things that affect your staff, your employees and of course, yourself. When it comes to business insurance, you realize that without proper coverage in place anything you may have accomplished up to now won’t mean very much. Do your part to ensure that the business isn’t forced to close due to improper coverage.
A business owner’s policy in Carmel is a good consideration since it combines property, liability and business interruption coverage for small to medium-sized businesses. This packaged coverage, commonly referred to as a BOP, is going to be less expensive than purchasing coverage separately. Plus, having a BOP gives you the ability to customize the policy to meet your own particular business needs.
Business property insurance
Business property insurance helps protect the property a business owns, leases or rents, including things like buildings, equipment, inventory, furniture and fixtures. For example, it provides coverage for damaged equipment, like computers. If a storm, fire, theft or other event damages your building, its contents, or any outdoor fixtures (like signs, fencing and landscaping), your business will be covered.
Business liability coverage
When it comes to liability protection, every company needs coverage, and the broader the better. Purchase a policy that provides liability insurance that covers the business in the event any of your employees is responsible for causing harm to any person and/or damage to property belonging to others. It also helps cover the defense costs from any claims.
Loss of business income due to business interruption
If unexpected events cause operations to be suspended due to a covered cause of loss, this coverage will help to replace any loss of income in order to help meet those continuing financial obligations, such as rent or payroll. Some owners should consider adding business auto coverage or commercial property insurance as well. These decisions can be made easier by finding an agency that will work hard to find the right combination of coverages to meet your specific needs.
Purchase a business owners policy in Carmel from a respected agency that can evaluate your current conditions and recommend ways to lower costs for property, auto, workers compensation or liability concerns. Doing so will also increase productivity and help you to avoid any downtime when issues arise.