Business Insurance Coverage Checklist

A Business Owners Policy (BOP) from Bethany Insurance Agency allows your business to create a customized insurance policy that combines Property, Commercial General Liability, and Crime Insurance, as well as additional coverage types based on your needs.

Bond Insurance ensures your business is protected from your client claiming theft against you or failure to perform a specific act. This includes performance bonds, contractor’s bonds, surety bonds, liquor licenses, etc.

If you employ individuals at your business, you are required to carry Workers’ Compensation Insurance. This insurance covers medical costs and lost wages for work-related injuries and illnesses. This policy is required in almost every state for businesses that have employees.

General liability insurance (GL) is coverage that can protect you from a variety of claims including bodily injury, property damage, personal injury, and others that can arise from your business operations.

If your business uses vehicles, you will need Commercial Auto Insurance coverage for your commercial vehicles and the employees who drive them. Commercial auto insurance is liability and physical damage protection for vehicles, such as cars, trucks, and vans used for business. Commercial vehicles require a separate policy because they’re typically exposed to more risk than personal vehicles.

We can help you maximize your benefits package to attract and retain top talent through creative & affordable benefits solutions complementary to your business needs. We offer Group Health (Medical, Dental & Vision), Group Life, and Retirement (401k plans).

If you transport your business property to other sites make sure you have Inland marine insurance. This protects your business property when it’s in transit or stored at a site other than your main business location. It also covers specialized high-value assets that property insurance typically doesn’t cover.

A Business Umbrella policy will provide your business with additional coverage should a lawsuit or major accident exceed the limits of your existing, or underlying, General, Auto, or other business liability policy. It can also insure an incident that occurs outside of your coverage territory.

Cyber liability insurance protects small businesses from the high costs of a data breach or malicious software attack. It covers expenses such as customer notification, credit monitoring, legal fees, and fines. From small businesses to large corporations, nobody is immune from cyber attacks. Ensure you have coverage to protect your data.

Bethany Insurance Agency recommends adding Professional Liability Insurance to your business portfolio because it insures the people and/or entities of your business from negligent claims made by third parties or even internal sources. In today’s litigious society, lawsuits against businesses are common and you need to be prepared to protect the integrity of your company.