Get Your Business Insured for Protection against Damage!

1. Get Your Business Insured for Protection against Damage! Introduction Business insurance protects against various risks associated with the business by providing coverage for multiple losses or damage in the course of business. Business entities in low-risk industries with less than 100 employees having small office or premises qualify for business owners’ policy. If you purchase BOP, you don’t need a separate policy for general liability. Types of Business Insurance General Liability and property insurance are the essential insurance requirement of any small business. Besides this, small businesses can have other insurances like workers’ compensation insurance, commercial auto insurance and others depending on the need. A sole trader can have public liability insurance, motor vehicle insurance and business insurance with personal insurances of income protection or accident insurance.

2. Business Owners’ Policy as a package Insurers often combine several insurance coverages into a package and offer it as a single contract called Business owners policy. It combines coverage for all significant property and liability insurance risks with other additional coverages for most small businesses. It compensates for income lost following a disaster under business income insurance. BOP helps cover your business from the damage due to fire and theft. It includes claims of bodily injury and property damage. Selection of Right Business Insurance Company and Policy The different small business insurance companies offer different kinds of policy suiting different requirements. You have to choose the one that provides coverage for your industry or profession at least cost with better customer service and reviews for small business insurance in Virginia.