Business Owners Policy

A small businesses, such as a restaurant or retail store, and independent contractors need a business owners policy in order to adequately protect them against unanticipated financial loss. As the owner of a small business, you are constantly exposed to a large number of risks.

You or one of your employees may cause an accident one day that will leave you standing in a court room faced with a major lawsuit. Even if the case is ruled in your favor, the legal fees alone could be enough to put your small organization out of business. However, with a quality business owners policy from North Country Agency Insurance, you will have the liability protection that can help to prevent the closure of your business.

Contractors are typically required to carry some form of business liability insurance. This type of coverage is designed to protect the interests of the general contractor on the worksite as well as the owner of the property.
 

BOP Insurance Explained

A business owners insurance policy is a type of coverage that offers protection to the owner of a business against a number of major property and liability risks. BOP insurance is a combination of many different types of coverage in a single policy, which typically is much more affordable than purchasing individual policies to addresses each risk. A business owner policy is especially valuable to small and mid-sized companies because these businesses usually do not have the resources to recover from a financially devastating event.

A typical business owners policy includes several coverage components, such as:

Property Insurance- This covers the building , if you own it. Personal property such as your contents, furniture and fixtures and of course your products for retail sale. 

  Crime Insurance – This is often the foundation of a business owners policy because it provides the business owner with protection from losses that are caused by the theft of business assets or merchandise.
    Liability Insurance – This type of insurance will offer protection when an employee or customer is injured on the premises of the business.
    Business Interruption Insurance – With this coverage, the business owner is protected against a loss of revenue in the event of a covered loss that affects the ability to provide goods or services to customers for up to a year.

While these are the top four types of coverage that are included in most BOP insurance policies, business owners often also include the following types of coverage as well:

Accounts recievable coverage;

Outdoor sign coverage:

Plate Glass coverage:

Spoilage of products that require refrigeration:

Bailees Coverage for  care custody and control of your customers goods while in your posession:

Industry specific coverages:

Lawyers Special coverage

Doctors office

Florist

Auto Garage repair   

Each type of coverage is available for purchase independently as a separate policy. However, when all of these coverage types are combined into a single BOP insurance policy, it is much more cost efficient. In order to make certain that your business owner policy is structured to offer you the greatest benefits, you need to take the time to consult with your North Country Agency Insurance agent.

You agent will be able to evaluate your business operations in order to assess your specific insurance needs. Then, the agent will advise you on the types of coverage that you need to include in your business owners insurance policy. This is the best way to ensure that your company is well protected against all possible contingencies.
 

No Time to Waste

Obtaining a business owners insurance policy is not more complex than purchasing any other type of commercial insurance. Once you have worked with a North Country Agency Insurance agent to build a business owners policy that meets your needs, you can rest assured that all of the necessary criteria has been met in a policy that you approve.

When a business suffers a loss, there is nothing more important than getting your company up and running again as quickly as possible. With North Country Agency Insurance working in your corner, you will have the coverage that you need to recover quickly. Your mind will be put at ease knowing that you have the advantage of quality resources, dedicated support and unprecedented expertise.

Keep in mind that there is a waiting period between the time your application is submitted and the day that your coverage goes into effect. Do not make the mistake of buying coverage after it is too late. All you have to do to get started is call or text us today! 

A North Country Agency representative will get back to you within a day with your risk free insurance quote. You will be surprised at just how affordable coverage can be. The cost of the monthly premium is minimal when you take into consideration the amount of money you will save if you ever have to file a claim.

PHONE: 315-769-9054                                                              TEXT: 315-350=3161