Category: Commercial Insurance

A business owner’s policy, or BOP for short, is a bundle of different coverages that protect against common situations that people in charge of corporations tend to encounter. This is done for the convenience of entrepreneurs, though specific types of indemnification can vary. Your Atkinson Casey Agency representative can go over specifics with you. 

What is a BOP or Business Owner’s Policy?

Business property insurance is typically included, and this can cover the inventory that you store in a warehouse, for example or any raw materials you use to create products. A variety of situations can affect these items, such as a fire or an electrical surge. Heavy rains or storms can also damage your property. If you have the equipment, such as an assembly line, your corporation needs it to run smoothly. 

A business owner’s policy is not a requirement for Monroe, GA residents, as only workers’ compensation and commercial auto insurance are mandated by law. A BOP will not extend to these particular areas of your business but will often include a type of indemnification known as business interruption insurance or business income insurance. 

This type of protection can ensure that you continue to receive compensation even when you aren’t able to generate revenue. One scenario this can apply to is when your storefront has to close due to a covered peril, such as when a tree has fallen on your building. This can alleviate the financial pressure of making mortgage payments on your business location, paying taxes, payroll, or expenses related to relocation by supplying you with finance. 

Let Atkinson Casey Agency Help You

We faithfully serve the residents of Monroe, GA with their insurance needs and can tailor a package for your business and all aspects of your life. Give us a call or stop by the office, and we can discuss your situation further. 

Are you a business owner? If so, are you protected from liabilities or standard risks with commercial insurance coverage? While it will not protect a business entirely, business insurance can be a potential lifesaver in some costly situations.

Atkinson Casey Agency, serving Monroe, GA, and surrounding areas throughout Georgia, can explain the different types of commercial insurance and ensure you have specific coverage for the risks your business could encounter.

Business insurance will fall into two categories:

Coverage you are paying to others for money owing them or coverage that will pay you for the interruption, damage, or loss to your business. There are some types of insurance that fall into both categories.

Business or commercial insurance helps cover costs associated with liability claims and property damage. Without this coverage, business owners may be faced with paying out of pocket for expensive legal claims and damages.

Different types of business insurance include:

• Business income insurance
• Business identity insurance
• Commercial auto insurance
• Commercial fleet insurance
• Commercial property insurance
• Commercial umbrella insurance
• Cyber liability insurance
• Employment practices liability insurance
• Errors and omissions insurance
• General liability insurance
• Key person insurance
• Product liability insurance
• Professional liability insurance
• Workers’ compensation insurance

Because the proper business insurance policy can be difficult to find, having a professional who specializes in commercial insurance is key. Atkinson Casey Agency in Monroe, GA can put together the proper coverage as comprehensive or simple as you need it to be.

Contact Us Today

For more information about commercial insurance or other types of insurance, contact the professionals at Atkinson Casey Agency. We will be happy to help you navigate this important insurance coverage.

When buying commercial insurance in Monroe, GA, there is usually the delicate balance of not paying too much or too little. You don’t want to overpay because that will not be the best way to utilize resources. Besides, you don’t want to underpay because this will expose your finances when faced with risks. So, how much commercial insurance is enough for your business? Figuring it on your own can be challenging, and that’s why Atkinson Casey Agency wants to guide you about the amount of insurance sufficient for your needs.

Meet lender requirements first

Have you secured any mortgage for your business premises? Do you have any business loans? What are the lender’s requirements regarding insurance? When buying commercial insurance, ensure that you meet the lender’s requirements. But you shouldn’t stop here — this only acts as a base upon which you build from.

How much liability insurance do I need?

Liability insurance protects your business when accused of bodily injury, property damage, and advertising injury. But how much liability insurance do you need? We generally advise clients to purchase liability coverage of about $500,000. But if you need higher coverage, you need to invest in umbrella insurance.

How much property insurance do I need?

Property insurance protects your building and its contents against risks like fire, theft, and other risks listed in your policy. To ensure you purchase adequate property insurance, take an inventory count of your assets to ensure everything in your possession is insured.

After an inventory count, invest in property insurance that can replace all your assets in the worst-case scenario.

Commercial insurance in Monroe, GA

Still not sure how much commercial insurance you need? Please get in touch with Atkinson Casey Agency for more information. After analyzing your business, we will advise the amount sufficient for your business.