business owners Insurance
Insurance that covers
what is business owners insurance?
Often referred to as a BOP, a Business Owners Policy can combine various insurance coverages into one policy. It will include Commercial Property Insurance which helps the insured protect their building, personal property, equipment and inventory. It will also include Commercial General Liability Insurance which will help cover bodily or property damage you or your employees are held legally responsible for. It will include Business Income Coverage which will help you pay your bills and employees if you are temporarily shut down from a covered cause of loss. Other coverages that are included in a Business Owners Policy are crime, accounts receivable, equipment breakdown along with many others.
Why do you need business owners insurance?
Many small businesses can benefit from purchasing Business
Owners insurance. The Business Owners Policy covers many risk exposures that small businesses face today. It is often cheaper than trying to get separate policies for each line of businesses needed, as you can bundle them all under one policy. Usually businesses with less than $5,000,000 in annual sales and fewer than 50 employees can quality for a Business Owners Policy. There are some businesses with high risk exposures or highly specialized work that would not qualify for a Business Owners Policy due to their operations.
Types of businesses that can benefit
Businesses that fall into the following categories (plus quite a few more) are prime examples of an operation that would benefit from purchasing Business Owners Insurance: hair salons, insurance agencies, law offices, dental offices, medical office, auto service repair, small contractors, machine shops, retailers and light manufacturers.
We'd love to share our knowledge and experience
One of the most commonly asked questions of agents is “How much insurance do I need?” This is where a professional insurance agent will provide you with numerous insurance coverage options regarding limits and coverages and then explain the risk associated with each of them. Each business is different, so visiting with your agent is important to make sure your business is protected the way it is supposed to be.
What we can do for you
Bundle your business owners Insurance
commercial auto Insurance
Whether your company owns one car or a fleet of vehicles, Commercial Auto Insurance is important to make sure that your company can still perform its duties in the event of a claim.
commercial property Insurance
Allow American Safeguard Insurance to provide critical financial assistance in the event of a loss so that your company can continue to operate with as little disruption as possible.
General Liability Insurance
Whether you are a small business owner or multinational corporation, when it comes to your insurance coverage General Liability should always be at the top of the list.