Business Owner Policies
A business owner policy is usually for businesses with fewer than 100 employees, as well as under $5 million in sales. It is an insurance package that assembles all of the basic coverage types for a business owner in one bundle. This generally includes property insurance, business interruption insurance, crime insurance, vehicle coverage, liability insurance, and flood insurance.
Property insurance protects you from losses caused by certain forms of damage or destruction. Generally, anything that has value may be considered property. It can be real property, such as a building, or personal property, such as a computer. Basic property insurance policies typically cover explosions, fire, lightning, windstorm, hail, smoke, aircraft or vehicle damage, vandalism, sprinkler leakage, and sinkhole collapse. Additional coverage for water damage; damage from the weight of snow, ice, or sleet; breakage of glass; and falling objects are also available.