A business owner’s policy is a combination of a liability and property protection. If you meet their (often narrow) requirements, they will offer you with premier levels of coverage for better-than-standard pricing.
That will vary from one carrier to another, business policies are available for most small to medium-sized businesses.
Most carriers offer business policies for the retail sector, businesses such as stores, professional services, and restaurants.
Carriers prefer types of businesses for coverage working alongside an agent can be helpful in selecting the right coverage at the right rate for your business.
A business insurance policy includes general liability and property coverage you’ll need. More importantly, your business policy will protect you specifically to your industry.
As an example, a restaurant and a real estate agency both need liability coverage for slip-and-fall incidents. But the restaurant probably won’t need coverage for listing the price of a home incorrectly, and a real estate office likely won’t need coverage for food spoilage due to a power outage.
Business policies are customized to provide specific coverage depending on what the business really needs.
There are many other benefits, from dedicated underwriting and claims teams to specialized endorsements meant to adapt your policies to meet your business risk.
Ask your Insurance Loft agent about a policy to protect your business today.