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Every business, even the smallest home-based enterprise, is vulnerable to loss, theft, and lawsuits, especially if you rely on expensive equipment or have a physical location. Business property and liability coverage can protect you from a variety of perils, but in some cases, a business owner’s policy may be a better choice. These insurance policies combine vital coverages almost every business needs in one convenient package, potentially saving you time and money.

A Quick Guide to Business Owner’s Policies

What Is a Business Owner’s Policy?

business owners policyBusiness owner’s insurance offers the benefits of business property and liability coverage, without the need to maintain separate policies. If your equipment, inventory, buildings, or other assets are destroyed by a fire or serious storm, lost to theft, or damaged by vandals, your insurer will cover the damage, allowing you to get back to work as quickly as possible. These policies will also pay for any injuries suffered by visitors to your property or customers using your products, protecting you from expensive, potentially catastrophic lawsuits.

Why You Need Business Owner’s Coverage

Because you’re essentially bundling several different policies with a single insurer, buying a business owner’s policy is often less expensive than purchase separate property and liability coverage. These valuable policies allow you to keep going after a devastating event that might otherwise force you to close for good. If you have more advanced needs, like cyber attack or professional liability coverage, your policy can be expanded with special amendments.

 

For over 125 years, Mountcastle Insurance has offered customized insurance solutions to business owners throughout North Carolina’s Piedmont region. Whether you’re just getting off the ground or have been in business for years, their independent agents will evaluate your needs and simplify the process to ensure you get coverage ideally suited to your needs. Visit their website to learn more about business owner’s policies, follow their Facebook for tips and advice, or call (336) 777-8500 to discuss your insurance needs and request a quote.

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