small business isnuranceEvery business — big and small — can benefit from the protection of a comprehensive business insurance policy. But while large companies have plentiful resources, a small business may not have much time or money to contribute to coverage. Luckily, your independent insurance agent can help you obtain the right protection within your budget.

In many cases, a Business Owner's Policy — or BOP — is a good choice for small businesses. This type of policy combines several of the most common coverage options into one bundle, which makes it easier to manage and pay monthly premiums. A BOP often includes property coverage and liability coverage, along with whatever other options you select. One of the great things about BOPs is that they're customizable, so you only pay for the coverage you need.

Beyond property and liability coverage, there are additional coverage options you may wish to consider. Discuss the following options with your agent to determine which protection will most benefit your business.
  • Umbrella:This policy simply extends the coverage limits of your liability insurance to provide more protection in the event of a third party injury.
  • Cyber Liability: With so many risks to your digital data, cyber liability coverage offers financial protection if your business is hacked or experiences some other data breach.
  • Errors & Omissions: Also called E&O coverage, this policy protects your business against mistakes that can result in a client's loss.
  • Key Employee:Offers financial protection against the loss of employees whose guidance is necessary to the success of the business.
  • Employment Practices Liability: Protects against the financial repercussions of an incident of employee discrimination.
  • Commercial Auto: Provides the necessary coverage for any vehicles your business owns, leases or rents. The right policy may also extend to employees' personal vehicles that are used for work purposes.
  • Workers Compensation: Provides benefits to employees who are injured while on the job.
Having the right coverage in place can protect your business from a variety of financial risks. Talk to your agent today to learn more about coverage options.

We've got you covered. Call Buschbach Insurance at (708) 423-2350 for more information on Oak Lawn IL business insurance.
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