Domain Names Check
  • Domain Name History
    • What is a Domain Name?
  • Internet vs. World Wide Web
  • Blog
    • Privacy Policy

Domain Names Check

Combining Coverage Plans for Small Businesses

David Sayles Insurance

Your company can face a variety of liability exposures, and most insurance companies will carry a number of plans to help address these risks. For small to medium-sized businesses, a business owner’s policy (BOP policy), can combine the different coverage options you need into one policy. This is usually a more affordable way to have the liability protection you need.

Three Areas of Coverage

With a BOP, you extend the areas of liability from several policies into one comprehensive plan. Three areas that are usually addressed include:

  1. Liability protection from the legal responsibility your company incurs if the operations by you or employees cause harm to someone else. It can extend to damages from defective products, errors in the services provided, or fault installations.
  2. Business interruptions insurance that can help cover lost income when a fire or catastrophe disrupts the business operations. The financial support could extend to cover costs associated with operating from a temporary location following an incident.
  3. Property insurance provisions for the contents and buildings owned by the company. There are some policies with more comprehensive coverage than others, so check with the broker on whether your plan includes the standard or special approach to coverage.

However, the team at David Sayles Insurance cautions that a BOP doesn’t cover auto insurance, errors and omissions, worker’s comp, or health insurance. You will need to secure additional plans for these areas.

David Sayles Insurance fault installations financial support legal responsibility liability exposures property insurance
January 2, 2020 William

Post navigation

Does Your Condo Association Have the Right Insurance? → ← How Dorm Coverage Can Protect Your Loved One

Recent Posts

  • Planning Ahead in the Transportation Industry
  • Learn More About Identifying the Most Frequent Types of Fraud in Workers’ Compensation
  • Protect Your Establishment Against Assault and Battery Claims
  • 3 Types of Insurance Staffing Agencies Need
  • Staying Afloat in the Boat Repair Business

Search

Categories

  • Assault and Battery Claims
  • Auto Insurance
  • Boat Repair Business
  • Business Insurance
  • Cannabis Insurance
  • Cargo Insurance
  • Club Insurance
  • Condo Association Insurance
  • Convenience Store Risks
  • Data Breaches
  • Distribution Business
  • Dorm Coverage
  • E-Cigarettes
  • Event Insurance
  • Food Bank
  • Ghost employee
  • Ghost Payroll
  • Habitational Exposure Coverage
  • Homeowner’s Policy
  • Insurance Marketing
  • insurance news
  • Jewelry Coverage
  • Laundromat Insurance
  • Laundry Business
  • Marine Surveyor
  • Mariners Insurance
  • Marketing Tips
  • Medical Staffing Companies
  • Mortgage Lending Practices
  • Motor Truck Insurance
  • PEOs
  • Personal Protective Equipment
  • Professional Insurance Website
  • Property and Casualty Insurance
  • Public Teacher Liability Insurance
  • Restaurant Equipment Checklist
  • Risk analysis plan
  • Risk Management
  • San Pedro insurance
  • Small Businesses Insurance
  • Staffing Agencies Insurance
  • Staffing Industry
  • Successful Restaurant
  • Transportation Industry
  • Trucker's Insurance
  • Uncategorized
  • Uncertain Market Type
  • Volunteer Driver Liability
  • Weber Insurance
  • Workers Compensation
  • Workers' Compensation
  • Wrap Up Insurance
  • Yacht Clubs Insurance

Recent Posts

  • Planning Ahead in the Transportation Industry
  • Learn More About Identifying the Most Frequent Types of Fraud in Workers’ Compensation
  • Protect Your Establishment Against Assault and Battery Claims
  • 3 Types of Insurance Staffing Agencies Need
  • Staying Afloat in the Boat Repair Business