Business Owner's Insurance Policy
Running a small business takes real investment of time and money; business owners insurance protects that investment against unexpected events like the death of a partner, an injured employee, a lawsuit, or a natural disaster. Unless you have employees, it's usually not legally required, but it's still common practice to insure your assets adequately. Forming an LLC or corporation protects your personal assets from business liabilities, but neither replaces the liability coverage your business itself needs.
A business owners policy bundles property, liability, and business interruption coverage into one convenient package for small and mid-sized businesses, and packaging it together usually saves you money on premium.
BOP insurance is designed for companies with under 100 employees and less than $5 million in revenue, combining several coverage types into one cost-effective package. We'll customize the options to fit your specific business.
A BOP gives your small business property insurance, liability insurance, and more, all under one policy. It can protect you from:
- Property claims
- Equipment breakdown
- Income loss
- Professional liability claims
- Products and completed operations claims
- Fire legal liability claims
- Premises liability claims
Supplemental coverage is available too; call an Alaska Service Agency agent to talk through the specifics of your business.
