Business Insurance

In general, business interruption insurance coverage protects against losses sustained due to periods of suspended business operations. It pays upon loss of revenue that would have been earned if there had been no business interruption. Business interruption insurance policies typically list or describe the types of perils they cover. Perils or causes of loss that are neither listed on, nor described in, the policy are typically not covered.

Consider purchasing non-owned auto insurance if your employees regularly drive their personal vehicles for business purposes, such as running work errands or traveling to meet clients. This coverage can typically be added to your business owner’s policy.

The amount of BOP coverage you need depends on factors such as the type and size of your business, number of employees, and the type of customers you typically work with. However, many small businesses opt for the standard $1 million / $2 million small business policy. This means the policy will pay up to $1 million to cover any one claim, with a $2 million limit for the lifetime of the policy, which is typically one year.