Business Owners Insurance

19
Oct

Will BOP Really Cover a Data Breach?

Many small businesses use a Business Owners Policy (BOP) for insurance. It combines commercial property and general liability insurance, but it usually doesn’t come with data breach coverage. To protect your assets against a cyberattack, you can extend your policy with BOP data breach coverage. Who Needs to Maintain Data Breach Insurance? Data breach coverage is important to carry out

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20
Jan

Does Getting a BOP Insurance Make Sense for Your Business?

Operating a business comes with a lot of rights and responsibilities. One of the common goals is to maximize sales while navigating risks. Having a strong insurance plan can help you navigate those risks. As a business owner, you are subject to a lot of risks. You could get sued at any moment. Business Owner’s Policies (BOP) are designed to

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16
Dec

How Small Business Insurance Impacts Potential Contracts

Business insurance in N.C. helps protect your business against possible lawsuits. In today’s competitive environment, many partners, vendors, and investors may require small businesses to add different types of insurance coverage to a contract before finalizing it. This often adds another complex layer to contract negotiations. Transferring some risk is a solid business strategy. You want to avoid a potential

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18
Nov

The Four Major Causes of Business Interruption

In Allianz’s annual Risk Barometer report, business interruption ranked number one for six consecutive years from 2012 to 2018, making it the most crucial business-related risk today. According to the aforementioned report, the financial losses resulting from business interruption typically tend to be significantly higher than the financial losses resulting from property damage. More specifically, the average business interruption and

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4
Nov

5 Common BOP Insurance Myths to Beware Of

There are various insurance policies you should always maintain to protect your company in North Carolina. Out of the multiple coverages available, business owners’ policy (BOP) insurance in NC is the most cost-effective option for small businesses. This policy is highly customizable, and it combines general liability and business property protections. Many business owners hesitate to get BOP under the

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14
Oct

Business Owners Policy: An Overview

Operating a business comes with a lot of risks. One mistake can put everything that you’ve worked for in jeopardy. Insurance helps you protect your investment if an accident occurs. One of the most efficient ways that business owners protect their investment is through purchasing a BOP. Business Owners’ Policy Explained A business owners’ policy allows you to combine property

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18
Aug

Exploring Your Business Insurance Needs in Northern Carolina

As home to many small businesses, North Carolina is a state that attracts many entrepreneurs. One of the first things to think about when launching a startup in NC is your business insurance needs. Here’s a business insurance guide that highlights what you need to know about proper coverage in this state. Types of North Carolina Business Insurance Offered Two

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11
Feb

Is It Time For You to Re-evaluate Your Business Insurance?

Without comprehensive business insurance coverage, you may be facing a significant risk of irreversible loss if you incur property damage, theft of assets, liability lawsuits, and more. Even if you had sufficient protection a couple of years ago, a lot might have changed since then. Therefore, you may need to take a fresh look at your business insurance plan to

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7
Jan

What Have We Learned? Business Lessons from COVID-19

The coronavirus chaos is beatable. That’s probably one of the most important business lessons learned from COVID- 19. There are a few essential things you should be doing today to beat the economic challenges and cyber threats that may test your company’s resilience during the pandemic. Keep the following points in mind as you craft your COVID-19 business survival strategy

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29
Oct

Insuring Your Business as It Grows

Growth of a business is inevitable, provided you have the right business strategy in place for your enterprise. Companies with less than $2 million annual operation costs tend to grow at a higher rate, as per the 2013 Pacific Crest SaaS Survey. Consequently, small and medium-sized enterprises (SMEs) have higher chances of scaling than big companies. With a high growth

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