Tweet Many insurance companies have bundled property and liability coverage into what’s commonly called a business owners policy (BOP). It allows the business owner to obtain broad coverage with affordable premiums. Business owners who have a BOP will also want to consider adding additional coverage that may not otherwise be included. Property insurance can be [...]

Tweet Liability insurance will protect business assets in the event the business is sued. These days, with lawsuits clogging the courts, a business owner should maintain a proper amount of liability insurance to protect the business he or she has worked so hard to build. Any company can be sued for something it did — [...]

Tweet Some insurance companies specialize in small-business insurance coverage. While shopping for business insurance, a business owner should keep in mind that coverage are not always standard between companies. A common breakdown of a small business insurance policy would include: accounts receivable coverage up to $25,000 (higher limits are available); coverage for contractors’ equipment that [...]

Tweet It is important for a business owner to take a complete inventory of all business property, determine its value, and decide what’s worth insuring. If the items that need insuring are not covered within the basic policy, adding more coverage may be necessary. For example, a business owner will want to make sure the [...]

Tweet Liability insurance will protect business assets in the event the business is sued. These days, with lawsuits clogging the courts, a business owner should maintain a proper amount of liability insurance to protect the business he or she has worked so hard to build. Any company can be sued for something it did — [...]