| If you are starting a new business or are | | | | and employees from harm to other people or their |
| re-evaluating your business insurance needs, it is | | | | property |
| important to make certain you have a good, solid, | | | | * Insurance against theft of goods or money & |
| business insurance policy that is tailored to your | | | | securities |
| needs. Many small business owners often view | | | | * Insurance against interruption of business: This |
| business insurance as a luxury, when in fact it is a | | | | coverage can provide money to offset lost profits |
| necessity to protect you and your business. Several | | | | and income to continue paying expense |
| business owner's only think of a business policy as | | | | * Several other options and endorsement are |
| protection against casualties and damages such as a | | | | available to purchase |
| theft, fire, or damage to equipment and products. | | | | When purchasing a Business Owner's Policy, it is very |
| When in fact, the most important part of a good | | | | important to discuss the details with a licensed |
| business policy is the liability protection. | | | | insurance agent who is familiar with commercial |
| No matter what size of business you operate, big or | | | | insurance policies. There are several options and risks |
| small, it is always important to protect your business | | | | that can be covered under a BOP. Some of these |
| and yourself from the unpredictable. In today's | | | | options can include signage, money and securities, |
| culture, even the smallest accident can result in large | | | | business property, employee dishonesty, computer |
| lawsuits. The general liability portion of a business | | | | viruses, mechanical equipment failures, or loss of |
| policy is extremely important in that it defends you, | | | | income for utility failures just a to name a few |
| your employees, and the reputation of your business | | | | options. Not all over the options available are |
| from any lawsuits that may develop from bodily | | | | necessary to all business owners since not all |
| injury, damages, or negligence for something it did or | | | | businesses are alike. For example, a deli business that |
| didn't do. General liability insurance can often be | | | | stores a large supply of refrigerated food, might find |
| purchased separately or as part of a BOP (business | | | | it very valuable to purchase insurance to protect |
| owner's policy). A "BOP" combines both property and | | | | them against the refrigeration equipment/breakdown |
| liability insurance together into one policy. | | | | or possibly even protection against a utility (electrical) |
| Typically a BOP includes the following: | | | | failure that could possibly ruin valuable refrigerated |
| * Property insurance to cover the building, equipment | | | | food goods. It is also extremely important to |
| and goods | | | | purchase commercial auto insurance or ENOL |
| * General Liability insurance to protect the business, | | | | coverage for all vehicles used within the business. |
| employees and owner from lawsuits that may arise | | | | To find out more about Commercial insurance rates, |
| from accidents, negligence, or other damages | | | | please call our office or visit Knoxville Insurance for |
| * Casualty liability protection to protect the business | | | | further information. |