Business Owner’s Policy Tennessee
Civil General to protect yourself from lawsuits and damages that may arise from the services you provide. In addition, we will cover all of your tools and equipment for theft or damage. At AmeriAgency, our business package rates are among the lowest in the state of Tennessee.
Ask us about our specialized insurance programs for day care centers, preschools, restaurants, churches, salons and dry cleaners. These programs are designed exclusively to meet the needs of your specific industry and provide comprehensive coverage and first-class protection with competitive premiums.
Business Owners Policy
The most common policy for small businesses is the Businessowners Policy (BOP), which includes coverage for all major property and liability insurance risks, as well as many additional coverages in a single policy package suitable for most small businesses.
The BOP includes business income insurance, sometimes called business interruption insurance. This compensates a business owner for loss of income after a disaster. Disasters often disrupt operations and can force a business to leave its premises. The company’s income insurance also covers additional expenses that may be incurred if the company must operate out of a temporary location.
To cover specific risks associated with a business, a variety of additional coverages can be added to the basic BOP. For example, if a business has an outdoor sign, the BOP does not cover it unless the coverage is specifically added for an additional premium. If a business relies on e-commerce, the owner may add coverage for loss of revenue and extra expenses in the event that the business’ ability to conduct e-commerce slows down or stops due to a computer virus or hacker.
Only small and medium enterprises that meet certain criteria are eligible for a BOP. Factors that insurers consider include the size of the facility, the required liability limits, the type of business, and the extent of off-site activity. BOP premiums are based on those factors plus business location, financial stability, building construction, security features and fire risks.
Most small businesses need to buy at least the following four types of insurance:
- Property Insurance
- Civil liability insurance
- Commercial Auto Insurance
- Worker’s Compensation Insurance
- Other Types of Commercial Coverage:
- Errors and Omissions Insurance / Professional Liability
- Employment Practices Liability Insurance
- Directors and Officers Civil Liability Insurance
- Key Employee Insurance
Save Up to 27% in Business Owner’s Policy Tennessee With AmeriAgency. With More Than 20 Years of Experience, We’re Sure We Can Help!
For more information, call us at 1-888-851-5572. If you would like to receive a fast and free quote, visit us on our webpage!