Many insurance companies have gotten into the business of offering combined insurance policy protection for many of the major property and liability risks that business owners face. The business owner’s policy (BOP) is a package purchased by plenty of small and mid-sized businesses created for companies that potentially face the same types of exposures and degree of risk.

Larger companies often consider a commercial package policy that offers policies not available as BOP insurance in Carmel, since they can customize their policies to meet those special risks that they may face. Insurers often use a rating system that enables them to calculate and provide their customers with the best rates currently available through several different companies. This allows for quicker responses and fast answers to any insurance questions you might have.

Standard policies included business owner’s policy

A BOP generally starts out with property insurance for buildings and contents owned by the company. A business interruption policy is often included by most owners and covers any loss of income resulting from a fire or other catastrophic event that disrupts your business for any length of time, including any extra expenses associated with having to operate out of a temporary location while repairs are being made.

Liability protection is another important element and this covers your company’s legal costs against claims made for any harm your company is accused of causing to others. This includes any injury or loss that occurs as a result of actions that a business owner, a representative of the company, or any employee takes, or fails to take in the course of business operations. You’ll even be covered for bodily injury or property damage due to defective products, faulty installations, or errors in services provided.

For areas requiring insurance that are not covered by a BOP, including professional liability, auto insurance, worker’s compensation, or health and disability insurance, separate insurance policies can be bought to address these particular exposures. Regardless of the type of company you’re running, your BOP insurance in Carmel will be an integral part of the success of your business.