You have already spent the time and money on getting your business up and running. With all of the hard work, it feels good to see the payoff. It’s easy to get caught up in feeling accomplished, even before you look into a business owner policy.
If you’re new to the business world, you may be confused by what getting a BOP entails. Here are some of the common questions answered.
Do You Need Business Insurance?
The answer is generally yes. A BOP will protect your business against theft, liability and vandalism. Any amount of business interruption is also included.
Is Business Insurance Required?
The best way to find out what is required is to look at the specific laws where your business is located. However, most places do have certain insurances that are required by law. It never hurts to have extra protection.
Can You Bundle Insurance Policies?
Bundling your insurance policies is actually incredibly common. Not only can you bundle your business owner policy, but it is recommended to bundle your policy with your other insurance coverages. This can save you money.
At the end of the day, having a BOP is better for you and your business. Insurance protects you against any loss or damages you might face in the future.