BOP refers to “Business Owners Package” policy, which encompasses a majority of the commercial coverage necessary for most of small businesses. BOP is not a standard policy; however, various insurance companies offer different coverage under this plan. Certain items covered by BOP remain consistent and common. The very basic BOP provides property coverage for business assets and the physical building/location. It also offers liability coverage for your business’ operation. Such a liability typically offers coverage for both your business operation on-location, and coverage for completed operations or products/projects.
Hacking in your computer to steal client data and credit information is the fastest growing crime, not covered by most commercial insurance package. The Cyber liability and data breach policy covers attorney fees, forensic expenses, mailings, call center, credit monitoring, secondary liability expenses, contacting all your clients, cleanup costs, and so on. Any company selling online needs a Cyber liability agent like Insurance Agent, Jeff Lecoeuche.
Policy that pays for any damage or injury (within the limits of the cover provided) resulting from the use of the insured’s goods or services. manufacturing defect, design defect, a failure to warn (also known as marketing defects). Some commercial insurance includes it, some not. If you export to other countries you also need to have worldwide product liability coverage.
If you are a developer building subdivisions, or a contractor remodeling and flipping houses, or if you are doing extensive remodeling before opening your business, You need Builders risk. The policy covers buildings while under construction. It covers the contractor’s interest in materials at the job site before they are installed, materials in transit intended for the job, and the value of the property being constructed until it is completed and accepted by the owner. The policy may be written to cover the whole structure for new construction or the cost of remodeling and renovation projects. It can also be used to cover specific projects, such as a new room addition, a deck, or a remodeled bathroom.
Contractors have very specific needs for each job they undertake. Typically each party to the job (i.e. cities, county, corporation) wants to be endorsed on the policy with precise requirements and wording. We make sure that your policy will comply with the demands and provide a prompt service.
We also write the bid and contract bonds you may need.
Technology insurance protection offers coverage options tailored to fit your Technology company’s unique needs.
In today’s technology-driven world, companies face a number of dynamic exposures. Whether it is faulty software, inappropriate advice, misconfigured firewalls or inadequate anti-virus software, hardware failure – companies are increasingly at risk. Claims are growing rapidly, leaving companies liable for expensive lawsuits.
Technology packages typically include liability, professional liability and many more coverage.
The most common professions we think of are medical professionals, service industry (i.e. insurance agents, realtors, financial planners, CPA, fiduciary, attorney) Technology businesses (i.e. It consultants), publishers and many more.. Professional liability protects businesses or individuals in the event that a customer holds your company or business owner responsible for a service that was provided, or failed to be provided, and did not have the expected or intended results.
You never expected it to happen to your business. Your employees seemed honest, but now you’re fighting a lawsuit because someone used a client’s credit card information. Crime coverage helps protect your business from acts of dishonesty. Some policies include adjustable limits. If not, you need to purchase separate crime insurance.
A customer was injured while visiting your business and now you’re stuck with a pretty expensive medical bill. General Liability covers contractual, personal and advertising injury, as well as liability protection.
If you are in a partnership, you hope that it continues for as long as you own your business. However, should something happen to one of the partners, it’s important to have coverage to survive this loss. Partnership Life insurance can offer you the protection you need.
Losses from injuries that happen on the job, regardless of who’s at fault, can cost employers a great deal of time and money. Worker’s Compensation offers unique coverage for just such losses.
What if something happens to you and your business still has a lot of debt? Make sure that your estate is protected with Sole Proprietorship Life insurance.
A Surety Bond Program creates a contract for the fulfillment of an obligation. It gives some businesses an opportunity to grow in a way in which they couldn’t have without the program.
Which policy is best for my business? There are many different variables for determining the best insurance products for a business. The insurance needs of a software company, for example, are far different than the needs of a car rental company. It’s best to speak with an agent to review your overall business situation and to go over coverage options that are best for your business.Contact me to learn more.