Salmon Insurance, LLC

 

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As a business owner, you don’t have time to oversee many different commercial policies. That’s why many small-to-medium sized companies go with a one-source Businessowners Policy (BOP) to meet their diverse insurance needs.

 

What Is a Businessowners Policy? 
A BOP lets you consolidate different commercial coverage's under one comprehensive policy through one source. Each policy is tailored to the unique needs of your business, and billed under a single premium. A BOP can provide protection for your buildings, equipment, inventory, computers, and more. It can also insure against losses from incidents such as personal injury, lost business income, dishonesty and liability.

 

Who Needs a Businessowners Policy? 
If you are the owner of a small-or-medium sized business, a BOP offers:          

 

         Protection from many potentially disruptive or destructive risks to your company, like fire, theft, or liability for accidents

• Convenience and potential savings on single-source commercial insurance

 

         Flexibility to customize the type and amount of coverage for your business needs

 

How Does It Work?
A BOP combines multiple coverage's under a single, comprehensive package. It is designed for the unique needs of different businesses. Whether you are in manufacturing, printing, home building, plumbing, carpet cleaning or certain other industries, you can select the coverage right for you. Depending on your industry, coverage's may include the following:

• Commercial Property; including fire, theft, and business interruption coverage

• Comprehensive General Liability Coverage; including premises and product liability, plus third-party accidents

• Business Auto; covers company vehicles

• Umbrella Coverage; coverage in excess of primary auto and general liability limits

• Worker's Compensation

• Disability

• Surety Protection; bid and performance bonds for contractors

• Employee Dishonesty

• Electronic Data Processing; insuring against computer hardware and software losses

 

Why Should I Find Out More?
A Businessowners Policy offers convenience and the potential for cost savings because all coverage is issued under one policy. Just as important, your coverage is designed for your company's specific situation and insurance needs. You obtain the coverage you need and reduce the possibility of either dangerous gaps or costly duplication of coverage. 

 

A Businessowners Policy at Work:
Joanne rented space to open a retail store. Her lease requires her to provide evidence of premises comprehensive liability and fire insurance on the building. She needed to cover inventory, computers, improvements and betterments; and, because she expects to hire employees, the State requires her to have Worker's Compensation insurance. Her leased van requires liability and physical damage insurance, and she needs an Umbrella policy to protect her business from any catastrophic liability claims.

 

Joanne’s BOP allowed her to purchase protection for all these exposures from highly-rated carriers under a comprehensive and competitive program tailored for her particular business.

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