Secure Your Start-Up with Reliable Insurance
It’s not easy to run a business, let alone start one. It takes a lot of time, effort, and money to get a business off the ground. Once it is, though, you’ll want to be sure that you take adequate steps to protect your investment. Finding the right business insurance in Long Island, NY is essential to reach new success within your company. Here’s why your start-up should consider a Business Owners’ Policy (BOP).
What is a BOP?
A Business Owners’ Policy (BOP) is a policy package that is ideal for start-ups and new businesses. It’s a small package, but it’s one that contains a wide variety of coverages. You have several types of coverage, but you only pay a single premium rather than different premiums for separate lines of insurance.
What does it include?
Coverage in a BOP includes property and liability insurance. This means it will help pay for any damage that occurs to physical assets of your business as well as damage to the property itself. Such a policy will also help cover the expense for any third-party injuries that occur on premises.
Depending on your location, industry, and risks, you may need to secure additional coverage. Insurance policies such as cyber liability, data breach, business interruption, and equipment breakdown are just a few of the different coverages you should consider. If necessary, you will need to purchase workers’ compensation insurance and commercial auto insurance separately.
A BOP is a great option for business owners who are just getting started. When you’re ready to find reliable insurance for your start-up, the team at Premier Risk Insurance are here to help! We serve Long Island and neighboring cities in New York – Contact us to get started today.