BOP (Business Owner Policy):A business owners policy, also known as BOP insurance, combines property insurance, liability insurance, and additional protection into one convenient package for small business owners.
Commercial Property Insurance: Commercial property insurance provides coverage for loss or Insurance damage to your business equipment (e.g., computers, printers, servers, office furniture) and loss of income.
General Liability Insurance:General liability insurance protects your business from another person or business’ claims of bodily Injury, associated medical costs and damage to their property.
Products/Completed Operations Liability Insurance: Protection against financial loss arising out of the legal liability incurred by an insured because of injury or damage resulting from the use of a covered product.
Umbrella/Excess Liability: Umbrella liability insurance protects you when accidents happen and your existing liability insurance policies cannot cover all the expenses. For example, if your current policy covers you for $1 million and you are successfully sued for $1.5 million, your business umbrella insurance coverage can pay the outstanding $500,000 − which is a lot less painful than having it come out of your business profits.
Workers Compensation: California law requires employers to have workers compensation insurance even if they have only one employee. It covers work- related injuries and diseases, and it also covers employer’ liability for employee injuries.
Employee Professional Liability Insurance: EPLI is a type of liability insurance that covers wrongful acts arising from the employment process. The most frequent types of claims covered under such policies include: wrongful termination, discrimination, sexual harassment, and retaliation.
Ocean Marine/Inland Marine Insurance: Ocean marine/inland marine insurance covering the transportation of goods and/or merchandise by vessels crossing both foreign and domestic waters including any inland or aviation transit associated with the shipment.
Errors & Omissions/ Professional Liability (E&O): E&O protects the insured against liability for committing an error or omission in performance of professional duties (doctor, CPA, realtor, etc). Generally, such policies are designed to cover financial losses rather than liability for bodily injury (BI) and property damage (PD).
Commercial Auto Insurance:Commercial auto insurance protects vehicles for commercial use, whether the vehicle’s title is under business or personal name. (Truck, bus, hired and non-owned auto etc.)