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Business Property Insurance will cover the physical assets of your business like your store front, office, equipment, and cash or inventory. With BOP insurance, you have protection to help if your assets are stolen or damaged.
Business Liability Insurance covers you in case you could be sued. Imagine a customer at your store slips and falls and is injured. You could be liable for this and BOP insurance will cover you from hefty out-of-pocket expenses like medical bills.
Business Owner’s Policy insurance will help protect you from:
Not surprisingly, this coverage is tailored towards Business Owners. Property and equipment damage is the most common claim from small businesses. The cost of an unexpected claim if a customer hurts themselves at your business can also put a small business out of business.
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