Whether you’ve been in business for years or you’re just opening your doors for the first time, you need business insurance. For companies located in Carmel, business owners policy coverages can provide you with the protection you need to keep your business going when disaster strikes. A Business Owners Policy (BOP) is a type of comprehensive insurance customized for your industry. Your insurance representative can walk you through how a BOP can protect your business and how it can work with your existing insurance policies to fill in any gaps that might exist.
A BOP includes several types of insurance coverage, including, general liability, protection from theft and damages to signs. Also part of a BOP is business interruption insurance. This valuable policy supplement is there for when your current business location becomes unusable due to no fault of your own, for example, due to a flood. With business interruption insurance, the costs of renting a temporary location and new equipment would be covered, as well as the costs of payroll and utility bills, up to your policy limits.
For companies in Carmel, business owners policy coverages might make the difference between being able to open again after a natural disaster and being forced to close forever. Contact your business insurance representative to see if a BOP is right for your company.