How To Protect Your Business With Less Than 100 Employees

​It makes sense to choose coverage specific to your industry. Have you assessed the size of your business? Doing this is essential because it’s the first step for you to realize what your business needs to make it a sustainable one. You have a small business if you have 100 employees. Now, to better understand how to protect it, the information below will be your guide.

Characteristics of a Small Business that Best Fit for BOP
Examples of small businesses include a retail store, a repair shop, or an accounting office. The common characteristics of them are:

• The company is situated outside of your home.
• There are less than 100 employees in the business.
• The company earns less than $5 million in yearly sales.
• The firm has property and equipment that require protection.

If your business has all those items mentioned above, the perfect protection that you must get is the Business Owner’s Policy.

What is a Business Owner’s Policy?
As part of General Liability insurance, Business Owner’s policy is one convenient plan that cartels various insurance coverages.  Here are the four principal options:

• Commercial property insurance: This option safeguards your building, equipment, and roster.
• General liability insurance: This coverage covers any medical expenses, bodily injury, and property guarantees.
• Business income: This plan grants you with assistance to settle your bills and pay your employees if your business experience temporary closure.
• Crime insurance: This protection helps you against theft, fraud, and forgery.
  
  

It’s good to know that Business Owner’s policy can be tailored fit to meet your requirements. Other associations include:

• Account receivable: This option is your savior against losses from unpaid dispatch notes or statements.
• Cyber liability: This plan protects you from damages and attacks to your computer systems and electronic information.
• Equipment breakdown: This plan covers your essential equipment.
• Personal and advertising injury: This insurance covers libel, slander, and copyright infringement.
• Rented auto: If you lease, hire, or borrow vehicles, this option will be your protection.
• Employment practices liability: Wrongful acts can arise from the employment process, and this option covers your accountability.

One More Thing Before You Go
Big or small, every business requires protection. If you have a small business, obtain the Business Owner’s Policy from a trusted insurance provider for complete peace of mind.

At Arnold, Bruce & Doerfler Insurance, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (503) 222-1951 or Click Here to request a free quote.