Protecting your assets is essential for any business owner. And for many firms, one of the most convenient ways to do so is with a business owner’s policy, which combines multiple insurance coverages into one comprehensive package. A cost-effective way to get the core insurance coverages you need, a business owners policy has the flexibility to expand as your business grows and your needs change down the road. A business owners policy includes two primary types of insurance coverage: Property provides insurance coverage for your business's physical structure and its contents, including inventory, office equipment, furniture and computers. It also includes business interruption insurance in the event you could not conduct business as usual. Liability Covers your business against claims and related expenses resulting from allegations of negligence.
Workers' compensation insurance is a state-mandated insurance that provides income, medical benefits and rehabilitative services for workers injured on the job or while performing work-related duties. It ensures that injured workers receive financial compensation for medical care and for a portion of the income they lose while they are unable to work. Workers' compensation also protects employers from lawsuits initiated by workers injured on the job.
Health & Life
Your business is your greatest asset. If something happened to you or your key employees, would your business have the financial means to continue to thrive? What would you, your family, your employees, or your loyal customers do without the income generated by your business? Business life insurance is a critical component of your overall business plan.
Key person life insurance
Key person life insurance pays benefits for the death of a crucial employee of your business. In many cases, you may be required to have key person insurance as collateral for business loans.
Term life insurance
Term life insurance may be used to replace your family's income, fund personal financial objectives for retirement income, or fund a formal buy/sell agreement in the event of your death.
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