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Written by: Shelly Campbell

Category: Commercial Property

Hits: 1263

A small business owner resembles a homeowner or renter in many ways. The businessperson either owns or rents the property where they conduct their business. The business personal property inside, such as desks, counters, printers, computers, and inventory, is like beds, furniture, and clothing one would insure in a home or apartment. If a fire were to occur in the business structure, the owner would have a lot to lose. Let’s say the fire started due to the negligence of the owner or one of the employees. Not only will the owner be responsible for the damage done to the building, but it could spread to other commercial property that is not under their control.

Some businesses take their activities on the road. What happens to the business-related tools and inventory away from the fixed business premises? Are they covered for damage, theft, or fire? What happens if the business owner or an employee causes damage or injury while conducting business operations? Will the BOP cover those incidents? A Business Owner Policy might be the solution a small business owner needs to cover the location or related operations while away for property and liability. Insurance pricing factors include the classification of the business, zip code, and the value of the personal business property. Check with us to see if a BOP might fit your needs better than a Commercial Package.