Business owner’s insurance usually includes:
Commercial Property Insurance. Property insurance can help protect property your
business:
Owns
Leases
Rents
This can include:
Buildings
Equipment
Inventory
Furniture
Fixtures
Commercial property insurance helps cover losses of accounts receivable, valuable
papers and records.
General Liability Insurance. When it comes to liability protection, the
broader the coverage the better. To get the coverage you need, consider
The Hartford's BOP policy. Our policy provides business liability insurance
that helps you in the event that you’re sued for causing harm to a person
and/or damage to property. It also helps cover the cost of your defense. It
does this because businesses often get sued even if they did nothing
wrong.
Business Income Insurance. If unexpected events cause a suspension in
your business operations due to a covered loss, The Hartford's BOP
policy can help. Our BOP can help replace loss of income to help you
meet your continuing financial obligations. These include important
monthly benefits to employees such as both payroll and any other
financial payments that are due to them. This also includes essential
payments like rent.
There are additional coverages that you can add to your Business Owner’s Policy to
help tailor coverage to your specific needs. Here are two popular optional coverages
that you can add to your Business Owner’s Policy:
Data Breach Coverage. Any business that handles or stores private customer, patient or
employee information is at risk for a data breach. When this sensitive information gets
lost or stolen, it’s important to act quickly. Acting quickly allows you to restore
confidence in your business. If a breach occurs, The Hartford’s Data Breach Coverage
can help pay for the expenses from:
Notifying affected individuals
Engaging credit monitoring services if warranted
Public relations
We also offer coverage to help with defense and settlement costs. In addition to this,
our data breach coverage can help cover these in the event your business gets sued
because of a breach. We also provide coverage when you store private data
internationally.
Additional coverage options can help:
Replace lost income and pay for extra expenses incurred. This helps keep
your business running when it has to close temporarily or slow operations
due to a covered data breach.
Protect a business from a data breach that occurred before the BOP
policy effective date.
Pay for extortion expenses and ransom payments associated with the
threat of a data breach.
Data Breach Coverage from The Hartford includes access to professionals who can
help guide you. They’ll teach you how to prevent breaches and how to manage one if it
occurs.
Professional Liability (Errors and Omissions) Coverage. You put your professional
judgment and expertise on the line just about every day. Even when businesses have
done nothing wrong, they can get sued. For instance, businesses get sued by
customers claiming negligent acts or errors in professional services you provided.
Professional liability coverage can help cover you against claims like these. However,
some types of businesses may not be eligible for this coverage.