Business - Insurance Software development

Business Insurance and its types

Author - Webner
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4:49 am
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Introduction

Business insurance is a type of insurance that provides coverage to the insured business against any damage or loss due to any misshapen like natural disasters, thefts, vandalism, lawsuits, losses due to illnesses of employees’ illness, injury or death.

Some unforeseen incidents may lead to partial or complete closure of a business. In such cases, the Business Insurance policies play their role. Business Insurance helps enterprises by covering their financial assets, intellectual property and physical location from an unexpected incident causing financial losses.

Types of Business Insurance:

There are several options available to protect businesses […]

What is a BOP (Business Owner Policy) insurance?

Author - Webner
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6:17 am
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Introduction to BOP

A business owner policy also known as BOP is an insurance policy that combines protection from all major property and liability risks in one package. A BOP is an insurance package policy that is designed for small to medium-size businesses to protect them from various losses. Business owner policies usually include the same kind and same degree of risks that are generally faced by a number of businesses.

A BOP reduces the amount of premium as it allows a business to receive multiple types of coverage at a lower rate than if the policies […]

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