Business & Commercial Insurance
Business & Commercial Insurance Information
Horne Insurance offers all types of Commercial Insurance within Cambria County and the surrounding areas!
Every Pennsylvania business owner needs insurance. After all, you never know when you might experience a significant property loss or financial challenge following an accident in the business. A customized business insurance portfolio can help you pick up the pieces of these losses and keep the business in a stable position.
Horne Insurance strives to help every Pennsylvania business owner get the appropriate balance of commercial insurance from the moment they open their doors. We’ll start with the basics and then adapt your coverage as your business grows and changes. Call us now at 814-948-8940 or request your free business insurance quote now.
Business Owners Policies: Coverage for Small Business Owners
Most small business owners find a solution for their most essential insurance needs in a business owners policy, also called a BOP. A BOP is a package of coverage that comes with appropriately designed terms and policy limits to maximize benefits for the small business owner.
Often, BOPs contain three essential types of commercial insurance:
Following unexpected or unavoidable problems that impact the business, this coverage can help you pay to repair or replace damaged property.Coverage might pay for damage from fires, severe weather, vandalism, theft or a variety of other losses.Some of the items it might cover include your buildings, furnishings, equipment, machinery, stock and certain personal possessions inside.
General Liability Insurance
Running a business requires proper risk management for the sake of your customers and others. If you were to accidentally harm someone, then you might have a responsibility to repay them for their losses. General liability insurance can pay for a variety of third-party bodily injuries, property damage, product injuries, completed operations liability and personal injuries. Additionally, it can provide the business with legal assistance in case of liability lawsuits.
Business Interruption Insurance
There is a chance that following a hazardous event, you might have to shut down the business until you can make repairs and get back on your feet. As a result, you might lose significant income and productivity. Therefore, most BOPs offer business interruption insurance which helps to replace some of the lost money.
Additional Coverage Options
Though a BOP is a great starting point for most business owners, most businesses benefit further by getting expanded coverage, such as:
Commercial Auto Insurance
Cyber Liability Insurance
Workers’ Compensation Insurance
In many cases, you can get some of this coverage as part of a BOP itself. In other cases, you will have to buy separate insurance policies alongside the BOP. The key to getting the right coverage is to talk to your insurance agent about the size and scope of your operation.
Don’t Qualify for a BOP? Consider a Commercial Package Policy
BOPs are applicable only to smaller businesses, usually those making less than $1 million in profit each year and employing only a few people. As your business grows, there is a chance that you might outgrow the BOP. Additionally, if you work in a high-risk industry, a BOP might not provide you with the proper risk management, either.
If you need expanded coverage, you might benefit from a commercial package policy, also called a CPP. This is a package of business insurance similar to a BOP, but it provides more customizable coverage options that are often better suited to larger operations.
It shouldn’t be your responsibility to worry about how your business insurance can apply to you. Instead, let one of our agents help you gain a better understanding of where you need coverage. We’re experts in all commercial insurance lines, and we’ll help you create a rock-solid protective shield against any of the problems that might arise in your business at any time.