Operating your business successfully is hard work and the last thing you want to worry about is having the right insurance policy. We understand the unique needs of small businesses and offers flexibility in creating the coverage plan right for your business. Lucky for you, our agent can help you choose the right Foremost policy for your business, so you focus on success while someone else takes care of the paperwork

Who needs a Business Owner’s Policy?

You should consider a business owner’s policy if:

  • Your business has a physical location, whether it’s out of your home or a rented or owned office, store or other work place.
  • There’s a possibility of you being sued – for example, by a customer who was injured at your work place.
  • You have assets that could be stolen or damaged – whether they’re digital assets, customer data, equipment, furniture, cash or inventory.

What does a Business Owner’s Policy (BOP) typically include?

  • Business Property Insurance

The Hartford’s property insurance can help protect the property your business owns, leases or rents, including things like buildings, equipment, inventory, furniture and fixtures. It provides coverage for loss of accounts receivable and valuable papers and records.

  • Business Liability Insurance

When it comes to liability protection, the broader the coverage the better. That’s why The Hartford’s BOP provides business liability insurance that helps cover your business in the event it is sued for causing harm to a person and/or damage to property. It also helps cover the cost of your defense – because businesses can be sued even if they did nothing wrong.

  • Business Income Coverage

If unexpected events cause a suspension in your operations resulting from a covered cause of loss, The Hartford’s BOP insurance will help replace loss of income to help you meet your continuing financial obligations such as rent or payroll.

What’s the Advantage of a Business Owner’s Policy?

Purchasing a Business Owners Policy is smart and convenient.  It simplifies coverage needs by including business property and business liability, two important coverages that most businesses need, in one policy. Compared to purchasing separate policies for business property and business liability, The Business Owner’s Policy (BOP) offers businesses a way to save money while getting broad coverage for things like fire, theft, lawsuits and loss of income. It’s an even smarter and more convenient choice because other important coverages can be added to it. Businesses with specific needs can tailor their business owner’s policy by adding additional coverages like business income for off-premises utility services, data breach and more, to suit the particular needs of their company.

Beyond the Business Owner’s Policy

Do you have employees?

For businesses with employees, Workers’ Compensation Insurance is important. Purchased separately from a Business Owner’s Policy (BOP) and mandatory in most states, Workers’ Compensation coverage pays an employee or employee’s family for medical costs in the event of a work related injury, illness or death. Workers’ Compensation also helps cover an employee’s income if they are out of work due to a covered illness or injury.

Does Your Business Own, Rent or Lease Vehicles?

For companies that use cars and trucks for their business, Commercial Auto Insurance is another important policy you should consider.   Help protect your business from the potentially devastating financial losses your company could incur if you are or an employee is found at fault for an auto accident.