If you own a small business, you need the protection of a business owner’s policy. You may not be large enough to require certain types of business insurance, but a general policy protects you from various issues that can arise. It helps keep your business solvent even when problems occur. ASA Insurance in Salt Lake City can help you determine exactly what kind of coverage you need and how much to protect your small business.
What is Included in a Business Owner’s Policy
Many times, you can tailor this policy to fit your particular situation. Because this policy is designed to work with various industries, it’s often flexible in design. Some of the coverages you can expect include the following:
- Liability coverage – protects your business from injury to customers, vendors or anyone elsewhether the injury is from being on-site or using the company’s products
- Property coverage – provides repairs or replacement of your property in the event of a disaster, such as fire or storm damage; includes coverage of contents, such as products or supplies and equipment
- Business interruption – replaces lost income caused by a covered event
In addition, many policies include coverage for the breakdown of equipment or damage from crime, as well as other situations.
Who Needs Coverage
This policy is designed to meet the needs of small to medium-sized businesses in various industries. Larger companies will need more specific coverage, which can be obtained through our other policies. If you have a company with fewer than 100 employees in Utah but need coverage for equipment or supplies in addition to a building and want peace of mind, a business owner’s policy is the ideal choice.
A small business wouldn’t last long if it loses income from a damaged building, and the cost of replacement would be more than the company could handle on their own. A business owner’s policy provides the protection you need to keep your company afloat when disaster strikes.
ASA Insurance provides coverage for small and medium businesses. Come in and talk to an agent to find out exactly what coverage you need. We can tailor your policy to fit your requirements and budget and protect your business from unfortunate circumstances. Trust ASA Insurance for your small business, so you can focus on the important stuff. Call us at 801-486-7463 to receive a no-obligation, free quote.