Liberty Area, Kentucky
1202 Winchester Rd, Ste 100
Lexington, KY 40505
(859) 253-2728

What Does a Business Owner's Insurance Policy Cover? August 14, 2019

Liberty Area, Lexington-Fayette Central
What Does a Business Owner's Insurance Policy Cover?, Lexington-Fayette Central, Kentucky

Regardless of the industry, when you launch a business, it immediately becomes vulnerable to a wide range of risks that could undermine all your hard work. That’s why you need to ensure you have the proper business insurance. A business owner’s policy (BOP) offers small-business owners a more convenient and cost-effective way to buy coverage and meet the basic insurance requirements of their company. The following information helps explain why insurance is necessary and what a BOP covers.

Why You Need Business Insurance

Every business has the potential to experience a lawsuit or unexpected events like fire, flooding, or theft. Without the proper type and amount of business insurance, you would have to pay out of pocket for any losses incurred as a result. This can create a significant financial burden from which it’s challenging to recover. Each year, many companies are forced to shut down operations due to insufficient protection.

How a Business Owner’s Policy Can Protect You

business insuranceA business owner’s policy bundles a few different types of coverage into a single plan. Typically, this includes general liability, commercial property, and business interruption insurance. General liability covers any bodily injuries or property damage your company may be financially responsible for. It also pays your legal fees if you get sued. Commercial property gives you the funds to repair or rebuild your business structure if it’s damaged or destroyed, as well as replace furniture, equipment, inventory, and anything else vital to the venture. Business interruption insurance reimburses you for lost income if a disaster interferes with your ability to continue operating.


If you’re serious about achieving long-term success in your entrepreneurial endeavors, secure adequate business insurance through Reed Brothers Insurance. Their agents can help assess your company’s unique needs and work with you to customize a business owner’s policy that offers sound protection. For more than a century, they have been entrusted to provide business owners in Lexington, KY, and the surrounding areas with high-quality products at competitive rates. Call (859) 253-2728 to request a quote, or visit their website to learn more about business insurance coverage options.

Other Announcements, Events and Deals from Reed Brothers Insurance
Why Insurance for Teen Drivers Is Expensive, Lexington-Fayette Central, Kentucky
While you likely expect your auto insurance rates to rise after adding a teen driver to the policy, the quote you receive may be much higher than expected. Depending on your area more
How to Pick the Right Car for Your Teen Driver, Lexington-Fayette Central, Kentucky
When your teen gets their license, you’ll likely feel a mix of excitement and apprehension. However, to ease your worries and protect them, you should invest in a quality more
A Guide to the Difference Between Whole & Term Life Insurance, Lexington-Fayette Central, Kentucky
Getting a life insurance policy from an insurance agency can protect you and your family from financial trouble in case of unfortunate events, such as sickness or accidents. After more
A Guide to Boat Insurance, Lexington-Fayette Central, Kentucky
With summer almost here, many boaters are looking forward to getting out on the water. If you recently purchased a watercraft and are shopping for boat insurance, making the more
3 Benefits of Renters Insurance, Lexington-Fayette Central, Kentucky
Many landlords and property management companies require tenants to have renters insurance. Even if it’s not required for your rental place, it’s smart to get a policy as soon as more