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 covered under a commercial general liability policy?
What is covered? Commercial General Liability covers legal liability of the insured due to bodily injury or property damage. These are some types of coverage provided: Broad Public/General Liability cover for bodily injury or property damage incurred on your premises and/or as a result of your business operations.
What is not included in a commercial package policy?
Commercial package policies can't include certain items like workers' compensation or directors-and-officers insurance. Workers' compensation insurance is required by law and must be purchased as a separate policy. Directors-and-officers policies are necessary for non-profit organizations.