Business Owners Insurance
Fraser Brothers has served the business insurance needs of Central New Jersey since 1903. With a long history of trustworthy service behind us, we have the right products and the right service to help you ensure your business is covered for whatever man or Mother Nature has to send your way.
Which Businesses Need Insurance Coverage?
The reality is that all businesses need insurance – no matter how large or small. Business insurance is about more than replacing inventory when disasters happen, though that is certainly something insurance does for today’s businesses. Insurance offers a wide range of protection options and coverages businesses simply can’t afford to operate without.
What Kind of Insurance for Business Owners do You Need?
The world of business is changing fast and the insurance market is evolving to meet the growing demands and concerns today’s businesses have. A business owners policy is a must-have policy for your business.
Business Owners Policy
The business owner’s policy (BOP) covers the basic needs most businesses have with some coverage for property damage, equipment and inventory, loss of business income, and liability for covered events.
A good business owner’s policy is a bundle of several different policies to offer a broad range of coverage to meet the business needs.
While there are some variations from one policy to the next, in general, a BOP, will include coverage for the following:
Business Property Coverage
Business property extends to not only the structure of the business itself, but also to the inventory, furniture, equipment, and fixtures inside. Most business property plans also include coverage for exterior signage, landscaping, and fences.
General Liability Coverage
General liability protection in a BOP, helps protect your business, from legal obligations resulting from the harm your business, products, employees, or services cause to others. It helps cover the cost of your legal defense as well as the judgments awarded against your business (up to the coverage limit). Make sure you’re aware of liability limitations and exclusions so that your business has proper liability protection.
Business Interruption Insurance
When covered events, such as fires, thefts, tornadoes, etc. take place, it can take days, weeks, and sometimes even months to make the repairs needed for your business so you can open your doors and begin earning once again. Unfortunately, bills continue to move forward and must be paid even when your business has no income. Business interruption coverage helps to cover your loss of income so that these bills can be paid.
Your BOP is the foundation for a good business insurance policy and a great starting point upon which to build upon and expand your insurance coverage.
Why Do Business with Fraser Brothers?
Fraser Brothers has worked for more than 100 years to earn the trust of Central New Jersey residents by offering ethical advice for business and families in need of insurance coverage.
We work with you to identify your needs from the initial inquiry through the claims process when that time comes as well. Our goal is to always provide you with superior service and advice for your business insurance needs.
Request your free Business Insurance rate quote and see for yourself what a difference we can make for your business.