Do You Need an Insurance Package for Your Small Business? Image

Do You Need an Insurance Package for Your Small Business?

September 1, 2020


If you own a small business, then you’re going to need some form of insurance for it; some business insurance policies are required by law, while others will undoubtedly help you stay afloat or succeed in the face of an accident or legal claim. However, knowing which package is right for your particular business, may not have such a simple answer, unless, that is, you opt for a small business insurance package:

What is an insurance package?

Convenient and often cost effective, insurance packages work by bundling multiple coverages into one, single policy, meaning that essentially, your business is adequately covered without the need for multiple policies, as is so often the case.  

If you’re the owner of a small business and are looking for an insurance package that will cover you for every eventuality, here are some things to take into consideration (for more detailed advice and guidance, talk to an insurance specialist):

What is the most popular small business insurance package?

Combining general liability, property and business income coverage, a BOP, otherwise known as a Business Owners Policy, may provide the right coverage for you if you own a small or mid-sized business. 

Conforming with state and federal laws is no laughing matter, and if your business is found to be in violation of any legal insurance requirements, it could be game over for you and the business you’ve worked so hard to build up. With this in mind, you’d be advised to schedule a consultation with a professional insurance provider today, who can make sure that you and your beloved business, get the protection you both need.