As a company owner, there are several types of Business Owner Insurance in Whitman MA that you need to have. These insurance types are normally grouped together into a single insurance policy for the convenience of the business owner. The term "business insurance" may sometimes be used to refer to liability only coverage, but it is fairly rare for that to be the only coverage that a business holds today. When a business has only liability insurance, they are only covering emergency situations that may arise when other people are injured while on business property, or when people are injured due to the actions of the business owner or employees. The liability coverage pays for the injury or other damages that people may incur, but the coverage will not pay for any damages suffered by the business itself.
Property coverage is one of the most essential components of any business insurance policy. Just as with a homeowners insurance policy, a business insurance policy is designed to cover the building and property. This policy includes coverage for not only the exterior, but also all the things kept within the building. This means that business equipment and supplies are covered by the property coverage part of the business insurance policy.
Some business insurance coverage is expanded to include extra coverage known as riders. The insurance riders can be added to nearly any business policy. Such riders allow extra coverage in specific areas that would otherwise not be covered. For example, a common business rider may be loss of business coverage. This rider would pay the business for any time that they have to remain closed due to an event covered within their insurance policy. Every day that a company has to remain closed can cost a great deal of money, and this type of rider is meant to offset those losses as fully as possible. Other riders can include coverage as diverse as glass coverage and debris pickup coverage. If you are a company owner who needs to find good Business Owner Insurance in Whitman MA, consider calling Johnson Insurance. You can find their website at johnsoninsurancema.com.