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A Contractors Business insurance policy combines protection for property and liability risks in one package.
This type of package is called a businessowners policy (BOP) and is typically use to insure smaller to medium sized businesses.
Larger companies might purchase a commercial package policy or customize their policies to meet the special risks they face.
MacGillis Agency will help you evaluate your individual situation and recommend the best type of plan.
BOPs include:
- Property insurance for buildings and contents owned by the company.
- Business interruption insurance, which covers the loss of income resulting from a fire or other catastrophe that disrupts the operation of the business. It can also include the extra expense of operating out of a temporary location.
- Liability protection, which covers your company's legal responsibility for the harm it may cause to others. This harm is a result of things that you and your employees do or fail to do in your business operations that may cause bodily injury or property damage.
BOPs generally do NOT cover professional liability, auto insurance, worker's compensation nor health and disability insurance. You'll need separate insurance policies to cover professional services, vehicles, your employees and for unusual products liability exposures.
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