Key Business Coverages
It’s the American dream to own your own business and control your financial destiny. That dream can turn sour pretty quickly if someone finds a reason to try and sue your company out of existence. Enter business liability coverage, one of the most important coverages a business can purchase.
In a litigious society, it is the liability claim that can create large losses for any business entity, big or small. Liability coverage is for the obligations you would be legally mandated to pay as financial damages because of bodily injury or property damage. These types of losses can occur from different kinds of exposures. It might be premises liability, operations, product or completed operations, or from employees.
Having the right coverage and the proper limits of liability is a crucial item in your insurance coverage planning. We can help you assess your risk and select the best coverage to protect your business.
Proper coverage in place before a loss occurs, assuring the continuance of your business. That’s b.i.g!
Tangible assets often are the main financial investment in owning and operating a business. Whether it’s for buildings, contents, business interruption (loss of income), or appurtenant structures, whether you own or lease the property, a well planned and implemented property insurance program is an essential ingredient to a business surviving after a covered loss. Likewise, the property of others in your care can also create coverage gaps if not insured correctly.
Fire, storm, hail, burglary, theft, and random vandalism are some of the coverage elements you want to include in business property insurance. Coverage properly purchased can replace the damaged tangible property with new items, ready for immediate use.
Not all coverage forms are equal nor are the experience levels of those designing and implementing a commercial insurance program for you. Let our experienced commercial agents work for your benefit. You will experience the difference from the very beginning.
Keeping your business running after a loss. That’s b.i.g!
Business Owner’s Policy
The Business Owner’s Policy (BOP) is designed as a “package policy”, usually targeted at the smaller to medium size business. This package offers the convenience of combining basic business property and liability coverage, engineered just right for Main Street businesses.
The BOP is tailored to be written on businesses of certain types, like offices, apartments, wholesale, retail, mercantile and service. Tradesmen classifications have also been put into this type of policy. The smaller artesian operations can be packaged to provide the basic business property and liability coverage.
At Baron Insurance Group, we work hard to provide the right coverage fit for our Main Street business customers. As long as the business meets a certain size classification to be eligible, the BOP can provide peace of mind in a single policy. Eligible businesses may also need other special coverages, and these policies can be tailored to meet the specific need of a business owner.
Helping the life blood of the American economy stay vibrant. That’s b.i.g!