All businesses face many challenges and endure risks that can decimate them. For instance, if a landscaper’s tools and lawn mower are stolen, there’s no way to do all the pruning, planting, mowing, trimming and edging the client wants. What’s needed is insurance to keep the business going when the unexpected happens.
Insurance companies have designed a one-package, low-cost deal for small businesses that face similar risks and protect them from going under when the unexpected occurs. It’s called the Business Owners Policy or BOP. It combines many of the necessary insurance coverages for a small business into one package, similar to what a homeowners package does. And it does it for a reduced price.
What’s in a BOP?
First, there is liability coverage in case anyone gets injured because of something done in your business.
Next, there is coverage for property damage to buildings, tools, supplies, and equipment caused by disasters such as theft, fire, and wind or rain storms. (It is possible to add other possible perils to the list. Just talk to Koch Insurance Group for more information.)
Lastly, a BOB covers any lost income and other expenses resulting from damages related to the perils covered in the policy.
That means the landscaper can go on doing the planting, mowing and pruning without being destroyed by all the problems that typically happen to all businesses, both big and small. Contact Koch Insurance Group to set up the perfect BOP for your small business.
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