Insurance coverages to consider when starting a new company.

Are you thinking of starting your own business? If so, you could be joining the thousands of Americans who have taken a leap of faith and started their own company. Maybe you’ve found an untapped market or you’ve noticed people respond to your talents and you’re ready to make some money. For a brand new business owner, it can be daunting to understand all of your insurance options. Fortunately, we’ve compiled a list of must-have coverages for the budding entrepreneur.

Business owner’s policy (BOP)

A business owner’s policy, or BOP, combines the protection of general liability insurance and property insurance into one convenient, discounted bundle for small businesses. It can offer coverage for:

• Third-party lawsuits over bodily injury
• Third-party lawsuits over property damage
• Product liability lawsuits (if a customer sues you after being hurt by your product)
• Immediate medical expenses for third parties injured on your premises
• Theft, vandalism, or destruction of your business property – including your equipment, building, and supplies

Cyber liability insurance

If you operate online, you will need cyber liability insurance. Such a policy can help small businesses recover quickly from a cyber attack if cyber criminals hack your system or steal valuable data.

Commercial auto insurance

Your personal auto insurance won’t cover you when you’re driving for business. If you use a company vehicle or your personal vehicle is the company vehicle, look into commercial auto insurance. This helps to protect you on the roads while you’re working.

Ready to get started on your reliable business insurance? Contact Bell Black Insurance. Serving Idaho Falls, Island Park, Driggs, Victor, Swan Valley, Ashton, and the neighboring communities in Idaho, as well as Jackson and Star Valley in Wyoming; we are ready to get you covered today.