Do you currently own your own business or know someone who is starting a new business? If so, there are several things to consider regarding business insurance in order to protect yourself and your enterprise, including – workers comp, commercial general liability and employment practice liability insurance. Employee benefits are also a big part of any business in order to attract and retain good employees.

Typical BOPs Include:

  • Property Insurance – Provides coverage for the structure and contents within the structure.
  • Business Interruption Insurance – Provides coverage for loss of income in the event that your business is unable to operate due to one of the covered perils such as a fire.
  • Liability Protection Insurance – This will protect your company from any legal implications.
  • It DOES NOT include: Professional Liability Insurance, Auto Insurance, Workers’ Compensation, Health Insurance, or Disability Insurance. These coverage options require a separate unique insurance policy.

There are two major liability coverages gaining traction in the last 5 to 10 years for business owners; Employment Practices Liability Insurance (EPLI) and Cyber (data security and privacy) Liability Insurance (CLI). These are important coverages every business owner and/or people who work for companies who oversee company insurances should be aware of and familiar with.

Randy Jones Insurance Services specializes in all of these types of coverage options so give us a call if you’d like a quick, no-obligation business insurance review or insurance guidance for your start-up!