If you run your own business, making sure you have the right business insurance in Oakland, California can be more difficult than you imagined. With all the different types of coverage out there, it can seem impossible to choose the right policies for you. That's why you should consider getting the coverage offered by a business ownerâ's policy (BOP) to start. Here are some of the essential coverages offered by a standard BOP. Commercial Property Insurance Commercial property insurance is included in most standard BOPs. This type of policy protects any buildings that your company owns and can extend coverage to include your business's supplies, equipment, and inventory. In some cases, this coverage can even protect your business's important documents and files. Commercial property insurance generally protects against the damages and losses caused by theft, vandalism, and extreme weather conditions (minus earthquake and flooding). Business Interruption Insurance This type of insurance covers the loss of income your business might face if regular business operations are interrupted. Normally, this type of insurance kicks in when a fire or other disaster disrupts your business. In some cases, this insurance will cover the expenses of running your business at a temporary location if your actual location is somehow unable to be used. General Liability Insurance This type of insurance covers your business's legal responsibility for the damage that it might have caused to others. This type of insurance kicks in if you or your employees inadvertently cause bodily injury or property damage to another party. General liability insurance will cover the expenses your business might incur when faced by a lawsuit or legal settlement. These are the main types of coverage offered in a standard BOP. If you still have questions regarding your business insurance or if you need help finding the right policies, contact the professionals at Cook, Disharoon & Greathouse, Inc. Located in Oakland & Pleasant Hill, California, we serve all your personal and commercial insurance needs.
