What a Business Owner’s Policy Does For You

Property insurance: Covers buildings, furniture, equipment and inventory owned (and sometimes leased or rented as well) by the business. 

Liability insurance: Covers any bodily injury or property damage suffered by a third party on the  business’ property. This can also cover legal expenses. 

Medical payments insurance: Covers any third party medical expenses that result from a liability claim. 

Loss of income insurance: Covers lost income in the event that daily business operations are interrupted due to a covered loss. This can include financial obligations such as rent and payroll. 

Equipment breakdown insurance: Covers pieces of equipment — such as computers or break room appliances — that fail or become damaged due to a covered loss. 

Data breach insurance: Covers online resources, such as databases, from hackers and other covered losses. 

Employment Practices Liability Insurance: Covers a business in the event that an employment-related claim is made involving alleged acts of harassment, discrimination, wrongful termination, law violations etc.