Consider These Insurance Policies as a Business Owner


Are you thinking of starting your own business? If so, you could be joining the thousands of Americans who have taken a leap of faith and started their own company. Maybe you’ve found an untapped market or you’ve noticed people respond to your talents and you’re ready to make some money. For a brand new business owner, it can be daunting to understand all of your commercial insurance options. Fortunately, we’ve compiled a list of must-have coverages for the budding entrepreneur.


Business owner’s policy (BOP)

A business owner’s policy, or BOP, combines the protection of general liability insurance and property insurance into one convenient, discounted bundle for small businesses. It can offer coverage for:

  • Third-party lawsuits over bodily injury
  • Third-party lawsuits over property damage
  • Product liability lawsuits (if a customer sues you after being hurt by your product)
  • Immediate medical expenses for third parties injured on your premises
  • Theft, vandalism, or destruction of your business property – including your equipment, building, and supplies


Cyber liability insurance

If you operate online, you will need cyber liability insurance. Such a policy can help small businesses recover quickly from a cyber attack if cyber criminals hack your system or steal valuable data.


Commercial auto insurance

Your personal auto insurance won’t cover you when you’re driving for business. If you use a company vehicle or your personal vehicle is the company vehicle, look into commercial auto insurance. This helps to protect you on the roads while you’re working.


Starting a new business? We can help you keep it protected with business insurance. At Kneller Agency, we work with you to find reliable and suitable insurance to protect against the unexpected. Visit us today in New York to get started on your tailored coverage.

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