Insure Your New Jersey Business with a Comprehensive Policy
The success of a business, whether it’s a small home-grown enterprise or a large corporation, is largely dependent on hard work and ingenuity. However, no matter how industrious you are, one disaster can wipe out all your profits and even destroy your business. Business insurance is the key to your stability and peace of mind.
Business policies have the flexibility to combine protection from all major property and liability risks into one package. They can also sell coverages separately. Small and mid-sized businesses often gravitate toward a more-standardized business owners policy (BOP). Larger companies instead might purchase a commercial package policy or customize their policies to meet the special risks they face.
BOPs generally include:
- Property insurance for buildings and contents owned by the company.
- Business interruption insurance, which covers the loss of income resulting from a fire or other catastrophe that disrupts the operation of the business.
- Liability protection, which covers your company’s legal responsibility for any harm caused to others. This harm may result from any bodily injury or property damage that you and your employees did or failed to do in your business operations. It is important to remember that BOPs do not cover professional liability, auto insurance, worker’s compensation or health and disability insurance.