Geico and Allstate have made it all too easy for the masses to log on and get a reliable auto insurance quote with little to no effort. The American public has been instilled with the idea that getting insurance coverage may not be all that difficult a process. When it comes down to it, they are correct. The difficult part for most people is that they tend to shy away from things they don’t understand. Insurance is a topic that very few of us feel we are an expert on. The good news is that reliable coverage is readily at hand regardless if it’s for an individual and their auto coverage or a business owner looking to shore up their commercial insurance risks.
A Business Owners Policy (or BOP) is one of the most common and effective business liability insurance quotes available for most business owners today. A business owners policy functions by bundling together a variety of coverage needs into a consolidated policy. Often, this coverage can be directly accessed by the consumer. The typical BOP policy will always include general liability coverage, which protects the insured (and their premise) for liability arising out of slips, trips and falls (amongst other things). In addition to general liability the traditional business owners policy will include coverage for automobile liability, employee benefits liability, and employers liability. Other coverage options are available; however, often are dependent on the nature of your individual business.
Should you business have a more complex nature of operation your coverage needs may outweigh the coverage afforded by a BOP policy. If this is the case you can turn to the industry specific expertise of a licensed commercial insurance brokers or agent. These professionals will be able to access, on your behalf various insurance markets and piece together a comprehensive commercial insurance program with adequately covers all of your coverage needs. They often possess industry specific knowledge of your companies needs and will be able to more fluently address all your liabilities.
Regardless of whether you need take the steps needed to place your own coverage or you get the help of an insurance professional the most important part is that you take the steps needed to to protect your business. The question of incurring a loss is not a matter of if, but a matter of when. Having the coverage needed in place when a loss occurs can not only help to save your business but also help you rebuild in the event of a catastrophic loss.