business owners policy in Carmel

General Liability Versus Home Owners Policy

You know you need insurance for your small business, but what policy is right for you and your business. You could go with a standalone general liability insurance policy or you could go with a business owners policy in Carmel. Knowing about both policies, what they offer and how they differ, helps you make an informed decision.

General Liability Insurance

General liability insurance is a blanket policy that covers a few common torts a small business might face. You are protected if a third party sues you for bodily injuries suffered on business property, property damage your business caused doing work or personal injuries like slander, libel, copyright infringement, etc.

Business Owners Policy

A business owners policy in Carmel is a beefed-up version of general liability insurance. It takes several insurance policies and bundles them together at a reduced rate.

  • General liability insurance
  • Property insurance
  • Business interruptions insurance

BOPs are not available to everyone. You must meet certain criteria to be eligible. If you qualify, you get three policies for a reduced rate. With both policies, you will have basic liability protection. The determining factor for most businesses is the qualification. If you don’t qualify for BOP, a GL policy should be able to protect you from liability exposures. Talk with a qualified representative to better determine a policy that is right for you.