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Business insurance and a Business Owner’s Policy
Business insurance can save the day when things go wrong and in business there are always things that can go wrong. However, you need the right commercial insurance for your type of business. That is not always straightforward since business insurance covers many areas and in complicated by nature. That is why it is a good idea to deal with an agent or broker who can give you proper information and the right advice. American Insurance can help you with cost effective business insurance in Cranford NJ, Edison NJ, New Jersey, Old Bridge or Scotch Plains.
As a business owner you face a multitude of risks. These include property damage, business interruption, theft, liability claims, cyber-attacks and more. There are different events that can result in damage and loss. These can be as a result of natural events or human actions. Either one can result in substantial damage and loss. You want the kind of business insurance that covers you and your business for your real risks. You also want effective cover at an affordable cost. That is the kind of business insurance you will expect to get when you deal with a professional agent such as American Insurance.
Your business may well be adequately covered by way of a business owner’s policy (BOP). This all-in-one type of package is designed for small to medium sized businesses that generally face similar risks. A BOP generally included property insurance that provides cover buildings and contents. Business interruption insurance as a result of some disaster such as a fire should also be part of a BOP. The third component in a BOP is liability cover.
However, business owners’ policies do not generally include professional liability, vehicle insurance, worker’s compensation, health or disability cover. You will need separate insurance for those. Certain events such as natural floods are not likely to be included. It is important to know what is covered, what is not covered, how much is covered and so on.