Business Owner Policy
At Statewide Insurance we understand your business is your investment. We understand that you will have unique risks and we’re here to help you get the best coverage with the most ease as possible. Business insurance is designed to protect your business from a financial loss and is often referred to as BOP. A business owner’s policy rolls multiple types of insurance into a single policy, usually at a lower cost than buying each type of insurance individually.
A business owner’s policy might include business property, business interruption and general liability coverage. General liability helps protect your business if someone is hurt at your place of business or if injuries/damage result from the use of your products/services. We will take the time to help you understand the benefits of a BOP. For example, most general liability policies cover medical costs, as well as legal defense expenses if your business is sued.
On the other hand, Business Property covers loss and damage to leased or owned company property resulting from a variety of events; such as fire, burst water pipe, or a storm. This type of coverage can help protect your building, an outdoor sign, furniture and equipment, your inventory, your fence, or others property. Depending on the nature of your business and the risks you’re exposed to; we will sit with you 1:1 to help you consider what is essential for your business coverage.