Business Owner Policies with Secure Protection

Raleigh, North Carolina’s Trusted & Reliable Agency, Barber Insurance

Hand Stacking business wood blocks

The Basics of Business Owner Policies in North Carolina

How Can We Help Your Business Succeed?

A business owner’s policy, or BOP, in Raleigh-Durham, North Carolina, is an insurance agreement designed to cover small business owners. This type of coverage bundles individual policies in one place so businesses can get a lower price on comprehensive insurance. The standard policy may include property damage, liability protection, business interruption, or other risks associated with operating a business. With a BOP policy, business owners can rest assured that they have coverage against losing valuable equipment in the face of unforeseen circumstances. Additionally, these plans are fully customizable. You may add additional policies that will extend your range to other areas of concern, such as cybersecurity and hired or non-owned auto insurance policies.

Business owners’ insurance policies do not always cover every business. For example, companies with physical assets and a brick-and-mortar location are great candidates. However, companies that operate entirely online are often not eligible for BOP coverage, and businesses that house multiple locations or large commercial spaces may find it challenging to make this policy fit without additional coverage.

As business owners, we want you to feel secure in your investment. At Barber Insurance, we understand the unique needs that go into finding the right option for your Raleigh, North Carolina, company. That is why contacting one of our trusted agents for a consultation is the best way to get the coverage you need at a price you like. In addition, we have designed our policies to be fully customizable because we know that your insurance needs are as unique as your business.

While not having a business owner’s insurance policy is entirely legal in North Carolina, it may not be wise. The financial risks of not having liability and property protection are enough to drown any business despite the specifics of industry and size. Business policies protect your company from a wide array of risks and perils, not to mention lawsuits. If you could plan for them, they would not be called accidents. Unfortunately, that means it will be too late to purchase insurance once you need it.

Contact a Barber Insurance agent to find out how we can simplify business operations by bundling your business owner’s policy and tailoring it to your needs.

We Have You Covered

How a Business Owner’s Policy Through Barber Insurance Can Protect You

Business owner’s insurance is a must for many small businesses in Raleigh, NC. Unlike general liability insurance, which only protects against third-party claims, BOPs are more comprehensive and protect against liability and property damage. They also have added coverage that protects against equipment breakdown and loss of income due to a covered peril. Furthermore, at Barber Insurance, we tailor the standard business policy to your needs.

Business owners’ policies offer two components at the baseline: general liability insurance and commercial property insurance, which also includes business income and extra expenses.

At its core, general liability protects your business from a lawsuit. Insurance will help you cover the cost of court fees, medical bills, and compensation if someone is harmed by your product or in your building. It may also cover slander from certain advertisements.

Commercial property insurance covers business property you lease, own, or possess. Coverage usually includes the building, furniture, equipment, and inventory. It can also aid in the loss of income due to a covered peril, including covered expenses like rent, payroll, and other financial obligations.

The most beneficial aspect of this policy is that it is entirely customizable. You can add many options for coverage to tailor to your business’s needs. Examples of additional policies business owners in the Raleigh, NC area enjoy include cybersecurity, crime, spoilage of merchandise, auto, forgery, or flood insurance. We do not believe in a one size fits all business owner’s policy, so it is essential to talk to an expert when figuring out what you need.

Business policies are generally named-peril accounts, meaning they only cover events specified in your contract. However, more advanced versions of this contract are open peril contracts that provide a broader protection scope. The customizable and comprehensive nature of these policies makes them challenging to lay out in detail, so the best way to get an idea of how Barber Insurance can best cover your business is by calling us today.

What it Means to be Covered with Barber Insurance

Experienced – Knowledgeable – Helpful

At Barber Insurance, we make it our mission to ensure you receive excellent coverage for your Raleigh, North Carolina, business. Our experienced agents are qualified to help you find a business owner’s policy that exceeds your expectations and assure you that you can focus on what truly matters for your company. At the same time, we take care of the rest.

We have made a name for ourselves in Wake County over the last 23 years with our ever-evolving experience, in-depth knowledge, and genuinely helpful attitudes. We have the heart of teachers, meaning we make sure you understand what you are paying for in an insurance policy from Barber. It also means that we value your satisfaction over simply making a sale. We tailor our plans to the needs of your business precisely because we want you to have peace of mind knowing that you are covered no matter what comes your way.

As a fellow small business in Raleigh, North Carolina, we understand the unique challenges of operating a business. Even more clearly, we know the risks associated with a company in Raleigh, so we strive to ensure that you have the coverage you need at a fair price. It would help if you didn’t have to worry about the financial risks of running your business. Connect with a Barber Insurance agent today so that we can take on that stress for you.