Does business insurance coverage vary for different businesses?
It can. Many small businesses opt for package policies that cover the major Property and Liability exposures as well as for a loss of income. A common package policy used by a small businesses (or a small office) is called the Business Owners Policy (BOP). Generally, BOPs provide more complete coverage at a lower price than separate policies for each type of insurance needed (such as Fire, Liability, Loss of Incoome, etc.). However as your business grows, BOPsmay not be available for larger businesses or thosewith higher risks associated with their operations. We can help you decide which policy or policies are right for your business. You can also purchase additional coverage for perils or conditions otherwise excluded (e.g., flood & earthquake protection) as endorsements to a standard policy or as a separate, second policy called a Difference in Conditions (DIC) policy.
