If needed, the level of property insurance coverage under a Business Owners Policy can be enhanced to provide more comprehensive
coverage of your business's property and physical assets. For example, outdoor signs are not generally covered under a Business Owners Policy but can be added for an additional premium.
Liability insurance protects your business in the event of claims of bodily injury to third parties or property damage to someone else's property. The claim may be as a result of the actions of you
or your employees. Coverage includes faulty installations and errors in service provided by your business that result in bodily injury to a customer or third party or damage to someone else's property. (Work
related bodily injury to an employee is covered under Workers Compensation Insurance)
Business Interruption Insurance
Business Owners Policies also usually contain business interruption
insurance also known as business income insurance. Business interruption insurance provides reimbursement for up to a year of lost revenue resulting from an insured property loss such as from fire, hurricanes or
other disasters. Business interruption insurance can also include the extra expense of operating out of a temporary location.
If your business relies on electronic commerce such as online sales for a
significant part of your business's income, speak with a Commercial Insurance Specialist from Alliance Insurance about special coverage for losses due to computer issues such as attacks by viruses or hackers.
Depending on the specific needs of your business and the risks your business might face, Alliance Insurance Agency can work with you to add additional coverages to the
original Business Owners Policy package. Alliance Insurance Agency can also provide your New Orleans area business with any of these coverages separately!
What kinds of Businesses are Eligible for a Business Owners Policy (BOP)?
Only small to medium-sized businesses that meet certain criteria are eligible for a Business Owners Policy. Examples of small businesses that are good candidates for coverage with a Business Owners
Policy are boutiques, antique shops, coffee shops, book stores, shoe stores, toy stores, hardware stores, specialty shops from souvenir shops to taxidermy shops, law offices and other professional services plus
many more types of small retail businesses too numerous to list!
Factors that must be considered when determining if your small business qualifies for a Business Owners Policy include: the type of business,
the size of the premises, business location, building construction, fire hazards, security features, financial stability, required liability limits, the type of business and the extent of offsite activity.
Call a Business Insurance Specialist at Alliance Insurance Agency to see if your business is
eligible to save money with a comprehensive "all in one" Business Owners Policy!