Small businesses are vital to our local economy. Insurance Shops is proud to assist in finding small business insurance Philadelphia business owners can depend on. Read on to learn more about how we can help.
Types of Coverage
There are various types of coverage small businesses can benefit from. Let’s take a look at a few options:
Business Owners Policy (BOP)
Small businesses should typically have a Business Owners Policy (BOP). Such a policy can include coverage for damages caused by events like vandalism, malicious mischief, fire, broken plate glass and theft. It’s important to note that all eligible coverages are subject to the deductibles and limits outlined in the policy.
Liability Insurance
Business owners usually need to invest in liability insurance to protect their interests under a variety of circumstances. In fact, landlords often require basic liability business insurance within their lease agreements to shield them from any potential lawsuits, such as for an injury incurred on business premises.
Business Interruption Insurance
A business interruption insurance policy allows a business owner to file a claim for income or inventory lost during events like riots, vandalism or fires. This type of insurance typically ranges between $500–$1500 per year, but can run higher for a high-value business.
Employee Health Insurance
If you’re in search of a group health insurance policy for your employees, we can help! We’ll take your needs and budget into consideration when we recommend the best available policies for you and your employees. Our assistance comes at NO COST to you. Our licensed brokers are always ready to help with enrollment, documentation and ongoing support as needed.
Work With Insurance Shops!
Insurance Shops will assess your needs and run quotes for small business insurance through the insurance companies in your area. Our experts can recommend policies that meet your needs and budget, as well as assist you during the enrollment process.
Insurance Shops has over 25 years of experience as a trusted resource for all your insurance needs. Fill out our contact form or call (215) 613-4999 for a free quote to get started!
