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Business Owner's Insurance

Don't leave everything to chance; keep yourself protected with an insurance

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Business Owner's Insurance Provided By Our Agency

If your business has assets, such as equipment or inventory, could benefit from having  a business owner’s policy (BOP). A BOP combines business property, business liability and business income insurance in one policy.

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General liability
Property damage
Cyber Liability Coverage

General liability coverage

Risk Factors

There is a possibility that a visitor gets injured or their property gets damaged at your business premises.


Solution

Every business, even if home-based, needs to have liability insurance. The policy provides both defense and damages if you, your employees or your products or services cause or are alleged to have caused Bodily Injury or Property Damage to a third party.

Property damage coverage

Risk Factors

Properties covered by a business policy usually include some building coverage (owned or rented, additions or additions, outdoor fixtures). You can also purchase coverage for your business personal property in case of fire or theft.

Solution

Properties covered by a business policy usually include buildings (owned or rented, additions or additions in progress and outdoor fixtures). The property insurance portion of a It is usually available as named-peril coverage, which provides coverage only for damage caused by events specifically listed in the policy (typically fire, explosion, wind damage, vandalism, smoke damage, etc.).

Cyber liability coverage

Risk Factors

A cyber-attack on your computers can be harmful and you would become liable for the losses & expenses incurred.

Solution

You can get coverage for computer attacks and damage to electronic data and computer systems. Also offset the effects of your database being hacked or getting affected by a virus.

Do I need Business Owner's Insurance?

Businesses need business insurance because it helps cover the costs associated with property damage and liability claims. Business owners may have to pay out-of-pocket for costly damages and legal claims against their company without business insurance. Depending on the incident, this could be financially devastating for business owners. In some states, businesses are required to have specific types of business insurance.

A Business Owner's Insurance policy will keep your business protected against

  • One or more commercial buildings
  • Several Employees
  • Databases
  • Commercial vehicles
  • Commercial drivers
  • Commercial equipment
  • Inventory
  • Fixtures

The Coverage Provided by Business Owner's Insurance

Any chance of a lawsuit

If a customer slips and falls at your store, this can help pay their medical expenses and your legal costs.

A physical location

Your BOP policy can help cover businesses run out of your home and a rented or owned office, store, or garage.

Assets that could get stolen or damaged

Digital property, equipment, furniture, cash, and inventory are all difficult to replace without the right insurance.

Private customer data

If someone steals or loses personally identifiable information, this can help pay expenses like notifying impacted clients and public relations.

Already have Business owners Insurance? Switching is easy

It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options

If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.

Contact us today to help you with multiple options to choose from.
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We extend coverage to individuals and businesses in Shakopee, MN and surrounding areas.
8091 Old Carriage Ct N Shakopee, MN 55379
info@innovativeinsure.net
952-445-5767
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