Essential Coverage of a Business Owner’s Insurance Policy

Whether you own a large corporation or a small business, it is important that you have a business owner policy to cover any losses or legal liabilities that your company should be subject to. When shopping for policies for your business, make sure that the one you purchase includes the following types of coverage:

Property Coverage

As a business owner, you have a lot of money invested into your property. Property can include your building, equipment, documents and any personal property on the premises. Whether your business is vandalized or your cyber information is attacked, an adequate business owner policy can ensure that you are properly compensated for your losses and damages.

Liability Coverage

Despite preventative measures you might take, your business is susceptible to lawsuits. From workers compensation claims to product liability claims, you are at risk for lawsuits that stem from disgruntled employees and customers. Liability coverage can protect you from financial ruin the face of a legal dispute.

Business Interruption Coverage

Your business operations may become interrupted for any number of reasons that are out of your control. Mother nature may decide to throw a freak storm your way that damages the roof of your building, or a cyber attack may render your business inoperable for an extended period of time. Business interruption coverage can cover any losses accrued as a result.

If you own and operate a business, a business owner policy can protect you from loss and liability. When shopping for plans, make sure that the plan you choose has the above coverage for ultimate protection.

5 Things Affecting Your Commercial Insurance Premium

No matter the type of business you own, it’s important to have the right commercial property insurance coverage in Orlando. Your business is more than the property and employees making it up; it’s also your source of income. You need to protect all aspects of your company from harm, and a commercial insurance agent has the knowledge and experience to help you decide upon the best protection for your business.

Questions That Affects Your Premium

Whether you’re looking for a Business Owners Policy, a Commercial Package Policy or just the standard Commercial Property and General Liability coverages, the following things affect the final cost of your premium for commercial property insurance coverage in Orlando.

  • How close is your business to the shore?
  • Do you have a large or small business space?
  • Does your business exist in a high-risk area or conduct hazardous activities?
  • How old is the building within which your business resides?
  • What type of equipment does your business use?

Make Sure You Have the Right Coverage

Orlando’s geographical location means hurricane damage is a danger your business has to contend with beyond the regular threats of theft, fire and liability. It’s important to have your commercial property insurance coverage in Orlando reviewed on a regular basis by a trusted commercial insurance representative. You work hard to make your business a success, and you should take the time to ensure your insurance coverage is adequate to your needs.