Business Owners Policy (BOP) in Huntington Beach, CA
Businesses often face unexpected events that could disrupt operations or strain finances. A business insurance policy may provide financial support that helps limit the impact of these challenges and avoid major setbacks.
What Does Business Insurance Cover?
Business insurance policies can be adjusted to suit the policyholder’s operations. An agent may recommend the following coverages:
- General liability insurance may cover legal defense fees, settlements and medical bills if your business is liable for others’ bodily injuries or property damage.
- Commercial property insurance may cover damaged buildings, equipment and inventory.
- Workers’ compensation insurance may provide partial wage replacement and medical benefits following job-related injuries or illnesses.
- Professional liability insurance may cover mistakes, omissions or negligence in professional services.
- Business interruption insurance may help offset financial losses if your operations must halt temporarily due to a covered event.
- Cyber liability insurance may pay for recovery expenses, legal fees and other costs related to data breaches or cyberattacks.
How Much Does Business Insurance Cost?
Business insurance rates often depend on many factors, including industry, location, workforce size, coverage limits and claims history. Premiums also depend on the types of coverage selected and how much financial protection the business needs. Insurers typically assess how likely a claim is to occur and how expensive it could be before setting a rate.
Explore Your Options
Find out how business insurance fits into your risk mitigation strategy. The team at INM Insurance Services, Inc. can walk you through available policies and help match your business with appropriate coverage. Contact us today.