Business Owners Insurance
Business Owners Insurance Policy
Small Business Owners – are your insurance premiums leaving you too poor to pay attention? As a small business owner you know you have to work hard today and every day to turn a profit no matter what type of business you own. You need to pay attention to your business. You need to be able to focus on your business to promote its longevity and its growth. Being a small business does not leave you immune to the insurance exposures that big businesses face.
While larger companies can withstand the financial jolt of a loss a small business can literally be shut down. Small Business Owners insurance is to the rescue. At EZ Center Insurance we offer a Small Business Owners insurance policy to many businesses like yours. We are dedicated to the success of our small business owners and the contribution they make to our community. It is small businesses like yours that made America great.
Your small business probably does not need the pricing of a Commercial Insurance Package policy. The Business Owner’s insurance policy premium is driven by the property values you insure. The BOP insurance policy does not contain a co-insurance clause. The BOP may not be subject to an audit at the end of the policy term. These are uncomplicated terms of insurance for the busy small business person.
A Business Owner’s insurance policy will insure your business personal property on a replacement cost basis. Applicable deductibles can be as little as $500 each claim.
What is covered with Business Owners Insurance?
The basic Business Owners insurance policy offered by can include insurance for:
– Computers and media including Lap Top computers which are covered on a world- wide basis
– Employee Dishonesty as high as $10,000 in any one occurrence Outdoor signs and landscaping subject to a policy limit
– Valuable Papers and Accounts Receivable insurance
Included in the BOP insurance policy is coverage for your loss of business income and extra expense insurance for the actual loss you sustain for a period of at least 12 months.
Another very important coverage included in the BOP is coverage for Business Owners Liability coverage. Your deductible does not apply to this section of coverage. The limit is usually $1,000,000 for each occurrence or claim and $2,000,000 in the aggregate. The aggregate limit is the most the company will pay in any one policy term for third party liability claims against you.
Business Owners Insurance Policy Coverages
Some coverages you might want to add would be:
Data Breach coverage which provides protection if sensitive or personal information you collect on your customers is hacked. This could be social security numbers, medical information or credit card information.
Non-Owned Automobile Liability coverage protects you if you are sued for bodily injury or property damage caused by a vehicle not owned by you such as your employee who uses his or her personal automobile to run errands for your business.
Employees Benefits Liability is also available under the (insert city) Business Owners insurance policy. This form of coverage protects your business if you are sued for errors or omissions in the administration of your group health plan.
Don’t wait a day longer. Call EZ Center Insurance Services and talk to one of our friendly representatives in our Small Business Unit.