Business Insurance may include among others Business Owners Policy or BOP, Commercial Auto, Commercial Property, Professional Liability and Workers Compensation
Businessowners Policy is created for small-to-medium home-based business that operates in several locations. It covers business property and equipment, loss of income, extra expense and liability in much broader scales. Take note, however, that a BOP does not include workers compensation, health or disability insurance. Thus, you need to get separate policy if you have people working for you.
On the other hand, purchasing Commercial Auto insurance is a wise choice. If you are a business owner, you also need similar type of insurance coverage for the car you’re using for your business. You also need liability, collision and comprehensive, medical payments and coverage for uninsured motorists – just like the car you are using for personal travel. Look for a reliable insurance agent who will ask you various details about how you use the vehicle in your business, how business auto policy differs from personal auto policy and other important things prior to getting one.
Moreover, Commercial Property insurance will be able to cover what’s not being covered at BOP since the latter only provides coverage for the actual structure of your business against storm or robbery. With Commercial Property, it covers your furniture, computers and other equipment such as outdoor signs, landscaping and damage to other property.
If you are a professional operating your own business, you need Professional Liability insurance on top of your businessowners policy. This will protect you against financial losses from lawsuits filed against you by your clients. Professionals are expected to perform efficiently on their field of expertise because they have extensive knowledge and training. Thus, if they fail to perform their skills and cause harm to their clients and other business, then they can be held responsible in a court of law. Keep in mind that Professional liability insurance is a specialty coverage. Go and look for a reliable insurance agent to assist you before purchasing a policy.
Accidents may happen even safety measures have been taken in the operation of your business. As an employer, you have a legal responsibility to your employees on safety. Thus, you might give a second thought in purchasing workers compensation insurance. This covers the cost of medications, medical care and rehabilitation for employees injured while on the job. It will also compensate, as the name implies, employees for the lost wages and provides death benefits for their dependents if they die in work-related accidents, even terrorist attacks. Find out other important details with your prompt and efficient insurance agent.
Be one of our happy customers who experienced prompt and efficient service by our polite and courteous insurance agents. With Eccle Agency, you will never go wrong.