What Does a Business Owner's Insurance Policy Cover?

Every company needs adequate insurance to protect the financial interests of the owner. A business owners policy in Pennsylvania VA (also called a BOP) can provide the coverage many small and medium sized business owners require. It is structured to include the basic types of insurance needed under one policy.

Property Damage

A property insurance policy shields an owner from the cost of damage to facilities, equipment and inventory that may result from weather events, robbery, vandalism and various other circumstances.

Business Interruption

For many businesses, an interruption of operations and loss of income may cause them to go out of business. Business interruption insurance can help reimburse you for things like equipment breakdowns and adverse weather that may make your facilities inoperable or uninhabitable.

Workers Compensation

Another facet of a business owners policy in Pennsylvania VA is workers’ compensation insurance. If any of your employees are injured on the job, you may need to pay medical expenses and other associated costs.

General Liability

Liability insurance safeguards business owners from legal expenses and court settlements in the event someone is hurt on your property. It is also designed to cover claims of libel, slander and copyright infringement.
It can be difficult for business owners to know what kind and how much insurance they need. A good business owners policy can protect you from the unexpected and provide peace of mind.


photo credit: Lynn Friedman cc