Capital Insurance Group

Tag you're Lucky Charm!!

arizona

A BOP (Business Owners Policy) typically covers three major items:

Property damage. Similar to a homeowner's insurance policy, this covers damage to your building (owned or leased), equipment, furnishings, fixtures, displays and inventory.
Business interruption. If a covered loss strikes your store or warehouse, forcing you to stop operating for a period of time, your revenue stream is protected from lost business income. You can also choose optional protection that covers you in case a major supplier is affected.
Liability insurance for your business. Covers damages paid in judgments or settlements, and legal defense costs, if you are sued or held liable for accidental bodily injury or property damage arising from a covered cause of loss.

Five reasons why your business may need umbrella insurance:
🔴 You could go bankrupt without it — especially if your business is in a litigation-prone industry. One large jury award could quickly put you out of business, if it exceeds your policy limits.
🔴 Your customers require it — if an accident occurs, they want to make sure your business has enough coverage to handle it.
🔴 Your business is inherently dangerous — you manufacture hazardous materials, or have a high risk of occupational injury to your employees.
🔴 You have company vehicles or employees who drive their personal cars for business — which brings liability on every mile traveled.
🔴 You have a physical presence — one slip, fall or other accident on company property is all it takes.