Business Insurance for Your New York Deli
There is no denying the fact that success of a business depends on the hard work of the team but one disaster can wipe out your efforts and bring down the profits to dust. So, to avoid such an instance, you need to insure your business, whether it is a small family-owned business or part of a large corporation.
There are insurance companies, which have policies that combine protection for all major property and liability risks in one package. You can also opt-in for add on separate coverage. Such a business policy is called a business owners’ policy (BOP). This will package all the necessary coverage into 1 policy form.
B.O.P.s include property insurance for buildings and equipments owned by the company. If there is any loss of income due to disruption of operation and business because of accidents like fire, it can be covered under the Business Interruption Insurance portion of the policy..
There are liabilities, which cover the company’s legal responsibility for the harm it may cause to others. It is the result of your company’s failure to do the business operations. It can also be the bodily injury or property damage caused due to defective products, faulty installations and errors in services provided.
However, B.O.P.s don’t cover professional liability, auto insurance, worker’s compensation or health and disability insurance. Separate policies are needed for professional services, vehicles and employees. Generally, floods, earthquakes and terrorist attacks are not covered in this particular business insurance.
Independent Insurance brokers (like us) offer professional advice, shop the market for you and provide an insurance solution for your needs.