Business Owner Policy

Typical Coverages

A business owner policy can include the following coverages:

• Property Insurance – covers building, equipment, and inventory for a variety of risks
• General & Product Liability – covers situations when products, services, or employees cause bodily injury to people or damage to other’s property
• Equipment Breakdown Insurance – equipment damage due to a covered loss situation
• Business Income Insurance & Extra Expense – lost income and extra costs if your operations are suspended due to a covered loss
• Crime Coverage – situations of employee dishonesty
• Cyber Liability – data breach and notification costs
• Personal & Advertising Injury Coverage – libel and slander
• Hired & Non-owned Auto Coverage – liability coverage for vehicles you borrow, hire or lease for your business
• Medical Payments Coverage – medical expenses if others are injured on property you own or rent
• Professional Liability – errors & omissions for eligible professions; some professions may require a separate policy
• Employment Practices Liability (EPLI) – protection in the event of claims related to sexual harassment, discrimination, unfair hiring practices, wrongful termination, breach of contract, and various other situations.