What type of insurance is best for a small business?
If you are a small business owner, you may wish to consider a business owners policy (BOP). A BOP includes: General liability insurance. Commercial property insurance.
What is the difference between general liability and commercial general liability?
Unlike a standard Public Liability policy, a commercial general liability policy has different levels of coverage. A policy may include premises coverage, which protects the business from claims that occur at the business' physical location during regular business operations.
What type of insurance is sold to small business?
The most common policy for small businesses is the Businessowners Policy (BOP). The BOP combines coverage for all major property and liability insurance risks as well as many additional coverages into one package policy suitable for most small businesses.
What insurance is most important for a business?
General liability insurance, also known as business or commercial liability insurance, is essential coverage for various claims, including bodily injury, property damage, personal or advertising injury, medical payments, products-completed operations, and damages to premises rented to you.