What Does A Business Owners Policy Exclude?

There are so many possibilities to consider when shopping for insurance. Some are more predictable, so it's better to expect and plan for a solution in advance. Some issues are very rare but can still happen. 

There are three main exceptions from the business owner policy that can be costly when not paid for by insurance.

1. Commercial auto insurance
   This insurance is coverage for vehicles being used for business purposes. It covers your fees from accidents, even while renting a car or using a personal car for work. This insurance is highly approved for small business owners who don’t usually provide vehicles for business use. But in some business types, using a car for work is more convenient.
   
   
2. Professional liability insurance
   Business types that include providing advice, recommendations, and those representing others’ needs may need this insurance. It will cover them in case they make any professional mistakes or errors while doing their business.
   
   
3. Worker’s compensation
   The last example of exclusions I'm the business owner policy focuses on employees who may suffer from injuries while at work. It is one common occurrence that is unforeseeable at a workplace. It mostly happens in construction and workplaces that have heavy machinery. It provides employees benefits and covers expenses in case of accidents or illness.

What Is Business Owner’s Policy
A BOP or Business Owner’s Policy combines general liability insurance, commercial property insurance, and business interruption coverage.

These three insurances are important for business owners because they cover the most common risks that can happen. Although a BOP already has most of the protections needed by a business, it is still important to know the risks that are not included in it.

Conclusion
Getting the most of insurance requires diligence for any size of business. But making a priority of the most common instances where insurance will be useful is a must. To grow a business flawlessly requires planning, a little sacrifice, and preparations for possibilities that are unpredictable.

At CSIS Insurance Services, Inc., we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (888) 501-2747. Get your free quote today by CLICKING HERE.