Operating a process company or a service company comes with many risks. From weather-related damage to injuries to your customers, the potential for your business to be shut down is real, and many business owners aren’t aware of measures they can take to mitigate risks. 
One step toward safeguarding your business is purchasing business insurance. Although insurance can get complicated, there is no reason a business owner shouldn’t purchase a Business Owner’s Policy (also known as BOP) to protect their business financially.
Understanding a Business Owner’s Policy
There’s no doubt that determining which insurance policy to purchase for your business can be difficult. However, your insurance agent can help you navigate through the complexities of business insurance so that you can find a Business Owner’s Policy that fits your needs.
Choosing a Business Owner’s Policy is much different from choosing other types of insurance. Business Owner’s Policies are a few different policies packaged together to enhance protections extended to your business by your insurance company.
What’s included in a Business Owner’s Policy?
Some insurance companies offer pre-packaged insurance in their Business Owner’s Policies, while others allow you to pick and choose the type of policies included in the package. The following are a few options that are typically included in business owner’s policies:
- Commercial Property Insurance. This coverage may help you protect your building from vandalism and weather-related damage.
- Commercial Liability Insurance. This coverage may help you protect your business if one of your customers is injured during a visit to your business.
- Business Interruption Insurance. This offers you protection if your business is interrupted for a period of time, such as during a labor strike in a processing facility.
- Professional Liability Insurance. As a service provider, Professional Liability Insurance may help you if you end up facing a lawsuit based on mistakes your company made in your service to a client.
Get a Business Owner’s Policy
Each day you strive to make your business more competitive. You can reinforce your business’ current position by purchasing a Business Owner’s Policy. With the appropriate insurance, your business can survive financially.
Does your establishment have the right coverage? Call General Insurance Services of Asheville, Inc at 828 - 252 - 6848 for more information on the Georgia business insurance policies we offer.