An Intro to Commercial Insurance

In Central Ohio, Insuran LLC serves a variety of businesses that run the gamut from doctors and lawyers to restaurants and retail outlets. Each type of business needs a different insurance policy set. While the insurance industry refers to the insurance a business carries as commercial insurance, that actually encompasses more than 20 policy types.

Custom Commercial Policies

All commercial insurance entails a custom quote because no two businesses need exactly the same insurance. A doctor needs malpractice, while a retail store needs glass insurance. The one thing that all businesses have in common is a need for a business owner’s policy (BOP).

BOP Policies as a Foundation

Every business purchases a BOP because it packages the four most common types of insurance needed in one package for a reduced premium. Your business gets coverage for property damage, liability, named perils, and your business equipment. Some BOPs also throw in business interruption insurance, although most BOPs require this as an add-on.

You can add coverage to the BOP foundation. For example, a ballet studio would add glass insurance to protect the cost of replacing the many mirrors in the studio. A doctor who makes medical devices would carry errors and omissions insurance in addition to the BOP.

Each type of business needs a different set of policies and a different percentage with different levels of coverage. It takes consultation with an insurance agent to determine which of the 20 types of insurance your business needs.

Contact Insuran LLC serving Central Ohio for more information and to set up an appointment for a meeting with one of our insurance agents. We can help you build the custom policy you need for your commercial business.