A business owner insurance combines protection for all major property and liability risks in one insurance package. This type of policy assembles the basic coverages required by a business owner in one bundle. However, it is usually sold at a premium that is less than the total cost of the individual coverages.
A business owner policy (BOP) is a package that bundles basic insurance coverages and is sold at a premium. A BOP typically protects business owners against property damage, peril, business interruption, and liability. While coverages vary among insurance providers, businesses can often opt-in for additional coverage, such as crime, spoilage of merchandise, forgery, fidelity, and more. Insurance providers determine if a business qualifies for a BOP based on business location, the size of the location, the class of business, and revenue. A business may qualify for special considerations if it meets certain eligibility qualifications.
There are so many different options for business owner insurance, let our team help find the right policy tailored to your needs!
Workers’ compensation insurance is a type of business insurance that provides benefits to employees who suffer work-related injuries or illnesses. Specifically, this insurance helps pay for medical care, wages from lost work time and more. Our team will help you find the best insurance to make your company safe and a productive workplace.
A surety bond is a promise to be liable for the debt, default, or failure of another. It is a three-party contract by which one party (the surety) guarantees the performance or obligations of a second party (the principal) to a third party (the obligee). They could be for a contractor’s license bond, bid bond, performance bond, notary bond, subdivision bond or dealership bond. We will make sure you have the correct bond for your company.
A captive insurer is generally defined as an insurance company that is wholly owned and controlled by its insureds; its primary purpose is to insure the risks of its owners, and its insureds benefit from the captive insurer’s underwriting profits. Where we help is on the administrative and claims management side for your company.
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