Are you a business owner? If so, then you need Philadelphia business insurance. Don’t be overwhelmed by your options – let the experts at Insurance Shops assist you in deciding what is best for you and your business. We’re here to help.
Decisions, Decisions – What to Purchase for Philadelphia Business Insurance
There are many types of insurance that are beneficial or necessary for a business owner. Here are some of the most recommended types of Philadelphia business insurance:
- General Liability Insurance. Every business owner’s worst nightmare: your products, services, or employees are alleged to have caused property damage or bodily injury to a third party. If this situation ever comes up, you’ll need liability insurance. This is important even if your business is based out of your home.
- Property Insurance. You’ll need this type of insurance in case of fire, vandalism, smoke damage, or even theft. This will cover your office space and the personal property of your business, including computers, equipment, inventory, etc.
- Professional Liability Insurance. Your general liability insurance will not cover claims of improper professional malpractice. Professional liability insurance is necessary for occupations such as lawyers, accountants, notaries, hair salons, real estate agents, etc.
- Commercial Auto Insurance. No motor vehicle is exempt from the possibility of damage or collision. Protect your company’s vehicles with commercial auto insurance.
- Workers’ Compensation. If you have employees, you’ll want workers’ comp insurance in the event someone gets ill or injured on the job. This type of insurance covers medical costs and lost wages.
What About a Business Owners Policy (BOP)?
A BOP is a popular option that packages insurance coverages all together. It often includes coverages like business interruption insurance, vehicle insurance, property insurance, liability insurance, and more. You can always customize the package based on the particular needs and areas of exposure of your business. It is usually much more cost effective to purchase a BOP rather than individual policies, but again – it depends on many different factors.
Let Insurance Shops Be Your Guide
The professionals at Insurance Shops are highly trained and experienced in advising business owners on what types of Philadelphia business insurance they should have. We will find the right solutions for your unique business.
We’re also available to guide you in the process of obtaining all types of insurance coverages, such as health insurance, homeowners insurance, auto insurance, disability insurance, life insurance, pet insurance, and more!
Don’t take the risk of walking around without the proper insurance coverages. Contact us today to discuss Philadelphia business insurance.
