When it comes to business, success is measured not only by your achievements but also by your courage to continue despite the challenges that come your way. At BWO Insurance of Kenosha/Racine, we know how much your business means to you. It’s not just the capital you’ve invested; it is your time and passion, too. That is why we are committed to helping you get the coverage you need to protect your business income and assets against devastating loss.
A Business Owners Package is a combination of coverages that are most common to businesses. Although it is not right for all companies, it is a streamlined alternative to purchasing multiple policies if your business has generalized risks. Your agent can help you determine if BOP insurance could be the right solution for your business. If so, you may enjoy greater affordability compared to purchasing the same coverages separately.
As a Wisconsin business owner, your coverage options are extensive. Some coverages are designed to protect against generalized risks, whereas others are only pertinent to certain industries. We can help you sift through the options and build a commercial coverage package that fits your company’s needs.
If your business doesn’t make it out of the next storm unscathed, you may need to file a property damage insurance claim. This type of coverage helps protect physical assets against damage or loss due to covered events, such as fire, wind, theft, and vandalism. It can compensate you for the external and internal structure of your building (if you own it), as well as your furnishings, signs, inventory, fixtures, equipment, and more.
General Liability (GL)
When you get served with a lawsuit, it is too late to make sure you have enough liability insurance to cover your financial obligations. Instead, consult with your agent now to determine how much coverage you might need to defend your business in court and pay for any potential damages you may owe. General liability insurance typically covers various third-party losses, including those related to bodily injuries and property damages. Having enough coverage could help you stay in business when you might otherwise have to liquidate your business assets to cover litigation-related damages.
Business Interruption Insurance
Cash flow is what keeps your doors open. If an unexpected event puts a halt to your normal business operations, the loss of revenue could be detrimental. Business interruption insurance helps you pay for the ongoing costs of running your business when you are unable to produce income due to a covered event.
Workers Compensation Insurance
You cannot prevent every accident, even if you implement stringent safety protocols. You are responsible for providing insurance that compensates employees when they are injured at work, no matter who is at-fault for the accident. Wisconsin requires employers to purchase this coverage, as it helps pay for medical bills and the loss of wages when an employee is unable to work due to his or her injuries. In the case of fatal accidents, workers compensation insurance can also compensate surviving family members and help cover the cost of final expenses.
Commercial Vehicle Insurance
Whether you rely on your business vehicle to transport people or goods, you need a reliable commercial auto insurance plan that can help cover it. Replacing your car or truck after a collision could be costly. Likewise, your business could face expensive litigation and liability expenses if one of your drivers causes an accident. Make sure your vehicle insurance covers your vehicle’s value and also protects your business against accident-related liability.
Employment Practices Liability Insurance (EPLI)
Sometimes employees or workplace applicants accuse employers of unfair hiring, firing, and employment practices. If a worker, former worker, or applicant sues you for restitution of damages, EPLI can help cover the costs.
Commercial Data Breach Coverage
Imagine your computers getting hacked and all of your sensitive customer data stolen. In addition to paying for virus removal and database restoration, you are also obligated to notify clients and customers when their information has been stolen – a process that could be costly. Commercial data breach insurance can help cover these costs and minimize your company’s losses.
If your business owns expensive equipment, you need insurance that protects it no matter where it is. Whether you take it to job sites and need coverage during transport or worry about sudden breakdowns due to a power surge in your manufacturing center, we have the coverage you need to minimize your losses and get your business running again.
Commercial Umbrella Insurance
Umbrella insurance is supplemental liability insurance that can help you fight expensive litigation when costs exceed the value of your general liability coverage. It is like a safety net that picks up where your primary coverage leaves off, often extending liability protection limits by millions of dollars.
Insurance for Specific Industries
There are various occupational hazards that are unique to specific industries. For example, a clothing retailer may not need coverage for food contamination liability, but a restaurant does. Likewise, an accountant may need errors and omissions coverage to protect against professional mistakes, but a gas station owner likely will not. At BWO Insurance of Kenosha/Racine, we can help you find coverage for the industry your business is in, closing coverage gaps and minimizing financial risk vulnerability.
Business Insurance Quotes from BWO Insurance
If you are a Kenosha area business owner, BWO Insurance of Kenosha/Racine is your local independent insurance provider. We serve many different types of businesses with insurance from several leading coverage providers. Shop with us to compare rates, ask questions, and obtain ongoing support for years to come.
For more information about how an independent agent can help you save on commercial insurance for your business, contact our office today.