commercial insurance
Business owners in today's economy have to focus on multiple forces that have an affect on their top line growth. Coupled with those forces are the operating costs to run and manage a business. Having the right insurance policies in place offer a business owner an opportunity to manage costs as well as risks. Not having the right insurance platforms working in tandem with your business can cause unforeseen financial strains that can potentially cause damage to the bottom line.
Commercial insurance in general is very broad in its offerings and products. The main platforms for the average business are commercial property, commercial general liability and commercial auto. Each of these vehicles have multiple layers and options for the business owner. In order to make the right and correct decision(s) for these multiple commercial choices entails ensuring that the insurance policy aligns with the business - objectives and obstacles. Insurance selection involves risk management and the ability and capability to link to the overall plan. Making the wrong selection can have an adverse affect on the business in the long run.
For the average business owner selecting either a commercial package policy (CPP) or a business owners policy (BOP) would be a value-added means to help streamline costs as well as mitigate risks. These packages incorporate two or more of the primary commercial insurance vehicles in the market. These are as follows:
The Business owners policy is a commercial package policy containing property and liability coverages designed specifically to meet the insurance needs of small and medium sized businesses. The BOP offers replacement cost valuation and open perils protection on covered property (actual cash value valuation and named peril coverage are available by endorsements). It automatically includes business income and extra expense coverage for up to 12 months. In addition, it includes business liability coverage which is virtually the same as commercial general liability policies.
Let our team assist your organization with building the right insurance platform that aligns with today and has the capability to offer scalability as you move forward to your tomorrow. Efficiency and being efficient is a true necessity to business sustainability. Allow our group to be your advocate to helping to create the blueprint to your success.
Commercial insurance in general is very broad in its offerings and products. The main platforms for the average business are commercial property, commercial general liability and commercial auto. Each of these vehicles have multiple layers and options for the business owner. In order to make the right and correct decision(s) for these multiple commercial choices entails ensuring that the insurance policy aligns with the business - objectives and obstacles. Insurance selection involves risk management and the ability and capability to link to the overall plan. Making the wrong selection can have an adverse affect on the business in the long run.
For the average business owner selecting either a commercial package policy (CPP) or a business owners policy (BOP) would be a value-added means to help streamline costs as well as mitigate risks. These packages incorporate two or more of the primary commercial insurance vehicles in the market. These are as follows:
- Commercial Property
- Commercial Auto
- Commercial General Liability
- Commercial Inland Marine
- Commercial Crime
- Equipment Breakdown
The Business owners policy is a commercial package policy containing property and liability coverages designed specifically to meet the insurance needs of small and medium sized businesses. The BOP offers replacement cost valuation and open perils protection on covered property (actual cash value valuation and named peril coverage are available by endorsements). It automatically includes business income and extra expense coverage for up to 12 months. In addition, it includes business liability coverage which is virtually the same as commercial general liability policies.
Let our team assist your organization with building the right insurance platform that aligns with today and has the capability to offer scalability as you move forward to your tomorrow. Efficiency and being efficient is a true necessity to business sustainability. Allow our group to be your advocate to helping to create the blueprint to your success.