Proper Protection For Your Small Business

BOP And General Liability Coverage

One of the most important aspects of being a business owner is making sure that your company and finances are protected with the right insurance policies. While you may not need every commercial insurance policy that is offered, there are two that every business can benefit from – a business owner’s policy and a general liability policy.

Business owner’s policies, also known as a BOPs, are the most cost effective way for small business owner’s to protect their company. BOPs will combine various coverage options into one single policy, which helps to lower the cost and simplify the coverage. While you may have the option to add general liability coverage to your BOP, investing in a completely separate policy can help to make sure that your company has the protection it deserves.

A general liability insurance policy will provide coverage for any bodily injury claims or property damage that your company faces. This can include many situations, including:

  • Personal injury – which will provide coverage for any libel or slander cases that are associated with the delivery of your personal services.
  • Property damage – if your business or any of your employees are responsible for any damage to another personal property, a general liability insurance policy will cover the costs of repairs.
  • Bodily injury – if someone other than an employee of your company is injured on your property, the coverage will cover the medical costs, as well as any legal costs that are incurred if the injured party sues your company after the accident.

To ensure your company is protected with the right small business insurance policies, contact Abbate Insurance in New Haven, Connecticut. As an independent insurance agency, we will work with you to make sure that your company has the right amount of protection, all at the right price to fit your budget.

 

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