Business owners Policy in Vermont

How Can You Benefit from a Vermont Business Owners Policy?

Property Insurance

One of the core components of most commercial insurance policies is property insurance. As part of a BOP, your building, office equipment, and other items belonging to your business can all be covered for fire, theft, storm damage, and other events. Typically, anything that is within your office at the time of the loss can be covered, including client’s property. You may also have some coverage for business items and equipment that are taken off the premises.

General Liability Insurance

If a client slips in your parking lot or otherwise gets injured on your property, they may be able to sue for medical costs and damages. Additional liability risks can arise if your product, service, or advice causes harm to a client. You need liability insurance to help pay for lawyer fees, court costs, and awarded damages in case of personal injury or damage. General liability insurance helps to provide broad protection against situations in which you may be sued.

Business Interruption

If your business has to close due to a loss, the odds are against you keeping your business from failing. With business interruption insurance, your business expenses including rent, utilities, and employee salaries can all be covered during the repairs. You may also be able to reopen in a temporary space with your excess expenses covered. With this coverage in your BOP, you can better prevent your business from failing during this crucial time.