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The insurance industry created a business owners policy (BOP) to help limit the risk and liability of a business owner. The coverage policy usually comes in one bundled package.
This type of policy may contain both major property insurance and general liability insurance. Insurance companies typically offer BOP to small and medium-sized businesses. If interested in both policies, the best decision is to ask for a bundle package rather than investing separately.
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Construction insurance may protect all involved parties in the process of construction. An insurance policy for construction company owners like you might be helpful in this industry.
This type of insurance policy may cover the costs incurred due to property damages or personal injuries on the construction sites. Workers' compensation may cover loss of wages and medical costs due to work-related illnesses and injuries. Most states have this type of insurance policy for sole businesses with employees.
If you are an independent contractor, you never expect when any unforeseen incident can happen to your employee. Being an independent business owner is a good reason to think about becoming successful. Yet there are possible risks to consider when running the business independently. Cyber insurance is now the latest and most emerging industry. Originating from errors and omissions (E&O) insurance, it protects against faults and defects in a company's provided services.
For many business owners like you, staying safe during tough and emerging situations is important. With a cyber insurance policy, you may expect the help you need. |
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