Business Owner's Policies Customized to Meet Small- Business Owners' Needs - PowerPoint PPT Presentation

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Business Owner's Policies Customized to Meet Small- Business Owners' Needs

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Business Owner Policy is all about a complete package policy that provide both property and liability coverage packages geared towards small to mid-size business. – PowerPoint PPT presentation

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Title: Business Owner's Policies Customized to Meet Small- Business Owners' Needs


1
Business Owner's Policies Customized to
MeetSmall- Business Owners' Needs
  • http//www.californiabusinessliability.com/busines
    s-owners-policy

2
Business Owner's Policies Customized to
MeetSmall- Business Owners' Needs
  • Business Owner Policy is all about a complete
    package policy that provide both property and
    liability coverage packages geared towards small
    to mid-size business. These coverage packages are
    worthwhile due to the reason that they contain
    extra coverage at low prices. Most of the
    companies offer a specialized . Business Owner
    Policy for the specific business purpose, as
    these policies offer more comprehensive coverage
    for the business owners who cannot be able to
    purchase the coverage. As a small business owner,
    you are exposed to many risks. Business Owners
    insurance could prevent this from happening by
    providing
  • liability protection.

3
Business Owner's Policies Customized to
MeetSmall- Business Owners' Needs
  • Important Aspects of Business Owner Policy
  • The initial part of business is the property
    coverage including your office stock and
    inventory. Other rating variables are the
    buildings construction security, location and
    age of the building. If you are thinking about
    the limitations of property insurance , keep in
    mind regarding the cost of your build-out and
    improvements used to maintained the buildings.

4
Business Owner's Policies Customized to
MeetSmall- Business Owners' Needs
  • Second is the moment in time element of coverage.
    This protects the income statements by replacing
    the profits lost due to inability to operate.
    Commercial Income Coverage permits the business
    to continue pay for an employees so that that
    they do not require to look for work anywhere.
    After all, the greatest asset for most businesses
    is the workforce this lets the
  • business pay to keep them.

5
Business Owner's Policies Customized to
MeetSmall- Business Owners' Needs
  • Be cautious with the professional liability
    and employment practices liability. Although
    these coverages are not customarily included in
    business owner policy as these are actually need
    to be purchase separately.
  • Most of the insurance companies are quite
    familiar with Business owner policies as they
    provide the broad variety of coverage with the
    knowledge that most of the coverage is important
    to targeted classes of businesses. Purchasing the
    right Business Owners Policy is the in
    protecting you from the risks inherent to running
    business.

6
Business Owner's Policies Customized to
MeetSmall- Business Owners' Needs
  • By not carrying the BOP policy you may be
    susceptible to lawsuits or exposed compensation.
    It is a low cost choice to out-of-pocket
    operating cost and is packed with coverages
    which may otherwise be costly.
  • http//www.californiabusinessliability.com/busines
    s-owners-policy/
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