New business owners might read the term commercial insurance and think it refers to one policy, but the term refers to a category of insurance containing more than 25 types of policies. Each business builds a custom commercial policy that suits its specific needs.
Your Commercial Policy Package Foundation
Surety Ins Inc. offers Alabama business owners policies (BOPs) that provide the most common four policies for businesses at a lower premium payment than they would cost separately. It contains the following policies:
- General liability
- Business property
- Business interruption.
This BOP offers a foundation for adding other policies specific to that business’s needs.
What Can You Add to a BOP?
You can customize your commercial coverage with numerous types of policies that protect specialized aspects of your business. These options include coverage for:
- Errors and omissions (E & O)
- Commercial auto
- Inland marine
- Workers compensation Commercial umbrella
- Directors and officers (D & O)
- Cyber Liability
Many other types of commercial policies abound, but most businesses purchase a mixture of the above-named coverage types.
Which Types Does My Business Need?
Every business differs, so we suggest an intake consultation in which we interview you about your business to determine your needs. For example, a dance studio needs glass insurance to cover its many floor-to-ceiling mirrors. A storefront with plate glass windows would also need this coverage.
Any medical or legal professional needs malpractice insurance. Cyber liability would also offer a smart coverage type for either, but especially medical professionals who must adhere to HIPAA regulations.
A restaurant or bakery that makes its own deliveries requires commercial auto coverage. Any type of business that owns a building with a boiler or furnace needs boiler/furnace coverage.
Contact Us for More Information
Set an appointment for your coverage review with Surety Ins Inc. today. Don’t let your Alabama business go uncovered.