Sussex County Small Business Insurance: What Types Do I Need?
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If you own a small business in Sussex County, chances are you’ve already faced the question of what insurance to invest in. It’s important to consider all of your options and choose the best package to meet your business’s individual needs. There are several types of insurance that you will want to consider.
A common way for handling your insurance as a small or mid-sized business is to get a Business Owner Policy (BOP). A BOP is defined as a combination package of protection from all major property and liability risks. You are basically bundling several coverages into one plan.
BOPs generally include General Liability Insurance and Business Interruption Insurance among other types. Doing business is risky, but having insurance can play a big role in keeping your business afloat in case of the unexpected. Claims can arise from a number of situations and the unexpected.
One major type of insurance that your small business will need is real estate insurance. Insuring the actual land that your small business sits on is very important. In the case of weather disasters, your small business will need a plan to cope with potential disasters such as fire or theft. Your plan can also cover your business’s equipment and can cover equipment breakdown.
As a part of your Small business insurance in Sussex County, Real Estate Insurance protects against obligations, economic fluctuations and environmental exposures among other situations.
In general, BOPs can be tailored to fit your specific needs covering a wide variety of anything from commercial auto insurance to worker’s compensation, and from events such as crime to builders’ risks.
Sussex County Small Business Insurance is necessary and can mean the difference between success and failure. At Tri State Insurance Agency, we can sit down with you to discuss what your Sussex County small business needs. We will work with you to identify exposures and the level of risk involved to help your small business thrive to its full potential.