Business Insurance Services
Business Owner's Policy
BOP is a special type of commercial insurance designed for small and medium-sized businesses. By bundling general liability insurance and property insurance into a single policy, BOPs typically offer a reduced premium, often making them a more cost-effective option than separately purchased policies. Specific coverage included in a business owner's policy (BOP) varies among insurance providers, but most policies require that businesses meet eligibility criteria to qualify.
Workers' Compensation
Workers' compensation or workers' comp is a form of insurance providing wage replacement and medical benefits to a businesses employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue their employer for negligence. Terms can be made for weekly payments in place of wages, compensation for economic loss (past and future), reimbursement or payment of medical expenses and benefits payable to the dependents of workers killed during employment.
General & Professional Liability
Liability insurance is designed to offer specific protection against third-party insurance claims, therefore, payment is not typically made to the insured, but rather to someone suffering loss who is not a party to the insurance contract. In general, damage caused intentionally as well as contractual liability are not covered under liability insurance policies. When a claim is made the insurance carrier has the duty (and right) to defend the insured.
