If you’ve never had business owner’s insurance, you may be wondering what exactly it entails. Simply put, business owner’s insurance includes general liability insurance as well as business equipment insurance.
General liability insurance covers claims that are connected to the destruction of a third-party’s personal property, and medical bills related to bodily harm.
Business equipment insurance will cover the furnishings of up to five office places, and coverage for accidental damage.
Why should you purchase a business owner’s insurance policy? If you need coverage for your general liability, own business equipment, own the building that you work out of, own and work with mass quantities of data, or employ people that may be unethical you should look into purchasing a BOP as soon as possible.
It is your prerogative to individualize your policy, and make it appropriate for all of your needs. You can take your coverage one step further and purchase office insurance, which will cover the office building in the case of certain risks like fires or floods. Additionally, electronic data loss upgrade provides you with coverage from data loss caused by either a fire or a computer virus.
For any other insurance questions, don’t hesitate to contact Gant Insurance Agency, located in McKinney!