All businesses need insurance to help offset the risks they face every day. Going without the right amount of coverage exposes you to financial pitfalls – some of which are capable of shutting you down. Our business insurance coverage options are as different as the businesses we protect. They are designed to cover you when you need it most, and keep your business going when unexpected problems arise. Your insurance needs will be different than those of the business next door. Our job here at Mid Rivers Insurance is to evaluate your risks and help you determine which types of coverage are right for you.
Business Owners Package (BOP)
A business owners package, or BOP, is a variety of coverages designed to reduce a business owner’s overall risk exposure. It can include several different types of coverage to protect against financial losses.
General Liability
Did you know that customers have won judgments worth millions of dollars after slipping and falling in grocery stores? If someone trips over a crack in your sidewalk or takes a tumble on a wet floor, general liability insurance helps cover the financial fallout.
Workers Compensation
If you have employees, you may be responsible if they are injured on the job. Workers compensation helps prevent lawsuits against your business if a worker is hurt on the clock. This type of coverage provides payment for medical expenses and covers lost wages while the employee takes time to recover.
Property Insurance
Property insurance safeguards your business against a variety of risks. It can pay for repairs or building expenses if your business is damaged by a storm, fire, or other named peril. It can also reimburse you for losses to your inventory, equipment, and any furnishings lost in a covered event.
Other Missouri Business Insurance Coverage
There are many other types of business insurance that can shield a business owner from loss. Examples include:
Professional Liability
Also known as Errors and Omissions Insurance, this type of coverage protects your business against claims of negligence with regard to professional services. This can include claims of poor advice, an accidental oversight, and failure to provide services as agreed upon. It can also cover copyright infringement and similar liabilities.
Surety and Fidelity Bonds
If you need to assure others of your dependability before being hired for a job, a bond can give credence to your name. Surety bonds provide customers with a guarantee, whereas fidelity bonds protect both you and your customers against the actions of dishonest employees.
Commercial Auto Insurance
If you own and operate one or more vehicles for business purposes, you need commercial auto insurance to cover your liability and provide asset protection. Commercial auto coverage helps pay for bodily injury and property damage claims if you or an employee is at-fault for an accident. It can also provide collision and comprehensive coverage if your company vehicle is damaged in an accident or other covered event.
Additional examples of business coverage types include:
- Identity theft protection
- Electronic data insurance
- Employment practices liability
- Short-term pollution insurance
- Business interruption insurance
- Commercial umbrella insurance
Commercial Insurance Quotes in St. Louis
Here at Mid Rivers Insurance, we not only help business owners in St. Peters, Kirksville, and St. Louis find quality insurance at an affordable price; we help businesses throughout the Midwest. Mid Rivers Insurance is licensed in Missouri, Kansas, Nebraska, Iowa, Illinois, Indiana, Michigan, and Ohio.
We get to know our customers and learn the types of risks you face on a daily basis. Whether you own a small family storefront or operate a large company with multiple locations, we want to be a partner in the continuity of your business. Do not settle for less. Call us today to speak with a helpful insurance agent and discuss your coverage options. We look forward to serving you soon.
