Use the link below to get a quick quote through Coterie. Coterie offers BOP, General Liability, Professional Liability and Workers Comp.
Use the link below to get a quick quote through Next Insurance. Next Insurance offers BOP, General Liability, Professional Liability, Commercial Auto and Workers Comp.
Use the link below to get a quick quote through Thimble. Thimble offers BOP, General Liability, Professional Liability, Workers Comp, Event Insurance, and Cyber Insurance
Business Owner Policy (BOP)
A BOP combines protection for all major property and liability risks into one insurance package. The 3 core protections are for property, business interruption and liability insurance. The property insurance portion is typically to cover buildings and fixtures, business-owned items and items in the care and custody of the business. The business interruption insurance covers loss of income resulting from a covered claim. It can also pay for any expense from operating out of a temporary location. The liability protection protects the insured from damages it may inflict on others in the normal course of business operations. This protects for bodily injury and/or property damage.
A BOP can also include additional protections for:
- Rented vehicles
- Accounts receivable
- Employment practices
- Personal injury
- Cyber liability
Business Liability Insurance
A business liability policy is a type of policy that helps protect businesses from claims that happen as a result of normal operations. The policy typically provides coverage for bodily injuries, medical payments, defense costs, and advertising injury. The costs of these policies are primarily influenced by the kind of work being done, location, and number of employees. The types of liability insurance include general liability, professional liability, and product liability.
Workers Compensation
Workers Comp is a government-mandated system that pays monetary benefits to covered employees in the event that they become injured or disabled in the course of their employment. It is a form of insurance to protect the employer and the employee. When the benefits are accepted, the employee waives the right to sue their employer. Workers Comp is not unemployment insurance or disability insurance. This coverage is provided by the employer.
Professional Liability / E&O
Professional Liability, also known as E&O, protects professionals against negligence and other claims initiated by clients. Professionals with expertise in a specific area require this type of insurance because General Liability insurance policies do not offer protection against claims arising from negligence, malpractice, mistakes, or misrepresentations.
If you are a business owner and would like to learn more about the different retirement plan options available to you and your employees, please visit our Employer Retirement Options.