Understanding Business Owner's Policies

Basically, three types of insurance are available to protect an individual's business: property, liability and workers' compensation. Workers' compensation insurance is required by law in all 50 states. Although property and liability insurance are not always mandatory, it makes sense to protect all of the company's assets with property and liability insurance. Business Owner's Policies (BOPs) are insurance packages that provide both property and liability coverage at one affordable premium.

Provided by: AllBusiness.com Topic: Software Date Added: Sep 2006 Format: HTML

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