Business Owner's Insurance
Berlin, Greensburg, Johnstown, Pittsburgh

If you are a business owner who wants to get custom-tailored insurance in one package, consider investing in a business owners policy (a BOP), with the help of Dott-Leavitt Insurance Services in Pennsylvania

Business Owner's Insurance

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Please note: coverage cannot be bound or altered online. A service representative will need to contact you to finalize your request.

What You Need to Know About Business Owner's Insurance

What is a business owners insurance policy?

When starting a business, you probably already have clear goals in mind. Your company needs to grow and succeed, but you have to take care of your physical assets, clients and employees to help it do so. That’s why every business needs various types of commercial insurance. The appropriate business owner policies can be key sources of support to companies of all shapes and sizes should difficult problems arise.

Qualifying small businesses can get multiple policies in one package if they choose to invest in a BOP. By going this route, you’ll be able to get covered without hassle, and can easily turn to your policy if various accidents occur in your line of work.

What does a BOP cover at in Pennsylvania?

A BOP might be an excellent insurance solutions for your small business because it allows you to get several critical policies within one place. Most offer:

  • Property & Contents Insurance: This coverage will pay for damage to the business property and contents held within the business. For example, if a fire occurs and guts the business, this policy can help you repair the structure and replace equipment, furnishings and stock.
  • General Liability Insurance: In case you accidentally cause harm to a third party, like one of your customers, then commercial general liability coverage can help you pay for that person’s losses. Most policies can include property damage, bodily injury, personal injury, products/completed operations, accidental medical payments, and legal assistance coverage.
  • Business Interruption Insurance: Following a damaging accident, you might have to temporarily close. You might not only lose income during this time, but you might also face ongoing costs, such as salaries or mortgage payments. This coverage can help you cover such costs.

You can often add extra types of coverage to your BOP, as well. Cyber liability insurance, EPLI coverage, professional liability (E&O) coverage or D&O coverage might all be coverage you need. Let your local Pennsylvania insurance agent help you decide the right way to obtain this additional coverage.

What’s the advantage of a business owners policy?

The good thing about BOPs is that they provide many types of security without causing you to face a lot of hassle getting covered or making a claim. The different parts of your policy can work together cohesively to ensure you get comprehensive protection, but you can also adjust different limits to enhance coverage for your own operational needs. Therefore, it’s usually a lot easier to manage claims.

Who needs a BOP?

Because BOPs are geared towards small businesses, factors like your size, income and industry might disqualify you from eligibility. You do have other options available, however. Commercial Package Policies, also called CPPs, are essentially a larger version of a BOP that you can better adjust to meet your operational needs.

What’s the cost of a BOP?

The cost of your BOP is based on the specific characteristics of your business and chosen coverage, though the nationwide average cost is about $1,000/year. Your friendly, highly-trained agent is happy to help you develop a Pennsylvania business owners policy that offers a favorable premium with discount incentives attached.

What do BOPs not cover?

Always remember that BOPs don’t include all the coverage you might need. You usually need separate policies, including:

  • Workers’ compensation insurance: Coverage repays your employees in case they get sick or injured on the job. Most businesses must have this coverage.
  • Commercial auto insurance: With this coverage, you can insure company-owned vehicles or personal vehicles that employees use to drive on business.
  • Inland marine insurance: Coverage insures certain company materials and cargo when you transport them off your business’s premises.

Superior Policy Services When You Need Them

Here at Dott-Leavitt Insurance Services in Pennsylvania we know that you want to get the right BOP, but we also know that the perfect coverage might not seem obvious. Let us be your guides in getting covered. We can help any business owner find coverage that offers adequate coverage at all times.

Call us or request your online quote today! We’re ready to help you protect your business in the best possible ways.

Frequently Asked Questions

  • Do truckers need general liability insurance? 

    General liability insurance is different from trucking liability insurance. They sound similar but cover very different things. You don't need it like you need trucking insurance, but it's still very beneficial coverage to have.  With general liability insurance, you cover things associated with business, not trucking or transportation themselves. A couple of these coverages include: 

    • Bodily injury and property damage that occurs due to a covered incident. 
    • Personal or advertising injury. 
  • What does trucking insurance cover? 

    Every trucking insurance policy is a little different from the rest based on your or your company's needs. That said, there are several common coverages you can include when building your trucking liability insurance policy.

  • How much does trucking insurance cost? 

    Your commercial trucking insurance premium can vary a lot from someone else's, even if you're in similar situations or have similar policies. Some factors that affect premiums include:

    • The type(s) of vehicles you're insuring.
    • How far vehicles are traveling per year.
    • Types of cargo. Drivers' driving records.
    • The location of your center of operations.
    • Standard operating radius.
    • How you store the vehicle(s).
    • Amount of coverage you opt for.

    As commercial trucking insurance professionals, we strive to know you and your worries. We spend time listening and learning to serve you better and help you find solutions. You've worked hard to build and promote your trucking operation. The next step is to protect it. We'll assess your risks and help you tailor an insurance policy. We'd love to chat with you. Contact Dott-Leavitt Insurance Services today!

  • Not sure which of these coverages is right for your construction firm?

    Our staff provides accurate and timely delivery of certificates of insurance. We also provide assistance and reviews of certificates and risk transfers. With our understanding of the design and administration of wrap-ups, we can help contractors navigate the construction defect litigation landscape. Our tailored risk management solutions enable contractors to respond to market fluctuations and better predict future costs.

  • Who needs construction insurance?

    If you're in a construction business you should always have commercial insurance. Many businesses are required by their clients to carry specific coverages before they can work for them. Businesses involved in construction work often specialize in trades like:

    • Excavation
    • Home Improvement
    • Land Clearing
    • Remodeling
    • Home Building
    • Asphalt Laying
    • Welding
    • Fence & Deck Building
    • Concrete Laying
    • Stone & Granite Work
    • Roofing