Business Owner’s Policy (BOP) insurance is designed to provide comprehensive coverage for small and medium-sized businesses. A BOP typically includes a combination of general liability insurance, property insurance, and business interruption insurance, all bundled together in one policy.
Here are some reasons why a business owner might consider purchasing a Business Owners Policy:
Overall, a BOP is a valuable insurance product for small and medium-sized businesses, providing them with the coverage they need at an affordable price.
Bonds can benefit your business and help you build trust with your clients. Surety bonds provide assurances that you will fulfill your contract or follow applicable regulations, while fidelity bonds insure against your workers’ dishonest acts. If you need to purchase a bond, our agency can assist you in obtaining the right ones for your business. Contact us today to get started.
Surety bonds are an agreement among three parties:
The obligee may file a claim against the bond if a principal doesn’t adhere to the surety bond’s terms. Then, if the situation cannot be remedied with the principal, the surety may provide financial compensation to the obligee. If that occurs, the surety will typically seek reimbursement from the principal for that payment.
Fidelity bonds are a type of business insurance that may financially protect against specific dishonest acts. Two kinds of fidelity bonds include the following:
Farm Insurance suited to the specific needs of your farm or ranch is crucial. Let us provide you a quote with conveniently packaged to suit the needs of your home, farm and ranch. Contact Fox Insurance Group to discuss specific coverage options and get a no-obligation quote today.
Farm liability insurance protects you financially from bodily injuries or property damage to others associated with your farm. This coverage may help you compensate them for their losses (e.g., medical bills) and help pay for legal fees that arise from these claims.
Farm dwelling insurance protects the structure of your house, if you are living on the farm or ranch in the case of disaster.
Crop insurance may help replace lost income if your crops are damaged by covered perils.
Equine insurance provides injury or mortality protection for horses due to a covered accident.
Workers’ compensation insurance covers medical expenses or supplemental income for your full- or part-time employees who suffer work-related injuries or illnesses.
Farm structures insurance covers structures and outbuildings, such as barns, silos and sheds. This coverage may provide protection if they are damaged by covered events such as fire, lightning or windstorms.
Farm equipment and tractor insurance helps pay the repair or replacement costs of farm equipment vital to farming operations if they are damaged by a covered cause of loss.
Farm livestock insurance protects you from the risk of lost livestock due to covered events, such as loading or unloading accidents and severe weather.
Group Health Insurance benefits your employees or the members of an organization by covering some of the medical costs incurred due to an accident or illness. Let our insurance experts help your company find a competitive benefits package that will aid in keeping your employee satisfaction and retention rate high. Call today for your no-obligation quote!
Offering Group Health Insurance is NOT required for a business with 50 or fewer full-time employees. The government defines a full-time employee as a person working 30 or more hours per week.
States have various requirements regarding how many full-time employees must be enrolled in a group plan. Please contact us to discuss your needs and in which states the plan will be active.
