Rollo Insurance
  • Home
  • Quotes
    • Auto Quotes >
      • Auto Insurance Quote
      • ATV Insurance Quote
      • Boat Insurance Quote
      • Classic Car Insurance Quote
      • Motorcycle Quote
      • RV Insurance Quote
    • Property Quotes >
      • Home Insurance Quote
      • Landlords Insurance Quote
      • Mobile Home Quote
      • Renters Insurance Quote
    • Business Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Cyber Insurance Quote
      • Group Benefits Insurance Quote
      • Insurance Bond Quote
      • Workers Compensation Quote
    • LIfe & Financial Quotes >
      • Life Insurance Quote
      • Annuity Quotes
      • Disability Insurance Quote
      • Final Expense Insurance Quote
    • Health Quotes >
      • Health Insurance Quote
      • Critical Illness Insurance Quote
      • Dental Insurance Quote
      • Long Term Care Insurance Quote
      • Medicare Advantage Plan Quote
      • Medicare Supplement Coverage Quote
      • Vision Insurance Quote
    • Other Quotes >
      • Event Insurance Quote
      • Travel Trailer Quote
      • Umbrella Insurance Quote
      • Wedding Insurance Quote
  • Service
    • Report a Claim
    • Update Contact Info
    • Policy Changes
    • Policy Review
    • Online Documents
    • Free Consultation
  • Insurance
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Boat Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • RV Insurance
    • Property >
      • Home Insurance
      • Landlords Insurance
      • Mobile Home Insurance
      • Renters Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Cyber Insurance
      • Insurance Bonds
      • Workers Compensation
    • LIfe/Financial >
      • Life Insurance
      • Disability Insurance
      • Final Expense Insurance
      • Financial Planning
    • Health >
      • Health Insurance
      • Critical Illness Insurance
      • Dental Insurance
      • Long Term Care Insurance
      • Medicare Advantage Plans
      • Medicare Supplement Coverage
      • Vision Insurance
    • Other >
      • Event Insurance
      • Travel Trailer Insurance
      • Umbrella Insurance
      • Wedding Insurance
  • About
    • Staff Directory
    • Refer a Friend
    • Client Testimonials
    • Insurance Carriers
    • Agency Photo Gallery
    • Newsletter Signup
    • Accessibility Statement
    • News
    • Blog
  • Contact
  • Home
  • Quotes
    • Auto Quotes >
      • Auto Insurance Quote
      • ATV Insurance Quote
      • Boat Insurance Quote
      • Classic Car Insurance Quote
      • Motorcycle Quote
      • RV Insurance Quote
    • Property Quotes >
      • Home Insurance Quote
      • Landlords Insurance Quote
      • Mobile Home Quote
      • Renters Insurance Quote
    • Business Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Cyber Insurance Quote
      • Group Benefits Insurance Quote
      • Insurance Bond Quote
      • Workers Compensation Quote
    • LIfe & Financial Quotes >
      • Life Insurance Quote
      • Annuity Quotes
      • Disability Insurance Quote
      • Final Expense Insurance Quote
    • Health Quotes >
      • Health Insurance Quote
      • Critical Illness Insurance Quote
      • Dental Insurance Quote
      • Long Term Care Insurance Quote
      • Medicare Advantage Plan Quote
      • Medicare Supplement Coverage Quote
      • Vision Insurance Quote
    • Other Quotes >
      • Event Insurance Quote
      • Travel Trailer Quote
      • Umbrella Insurance Quote
      • Wedding Insurance Quote
  • Service
    • Report a Claim
    • Update Contact Info
    • Policy Changes
    • Policy Review
    • Online Documents
    • Free Consultation
  • Insurance
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Boat Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • RV Insurance
    • Property >
      • Home Insurance
      • Landlords Insurance
      • Mobile Home Insurance
      • Renters Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Cyber Insurance
      • Insurance Bonds
      • Workers Compensation
    • LIfe/Financial >
      • Life Insurance
      • Disability Insurance
      • Final Expense Insurance
      • Financial Planning
    • Health >
      • Health Insurance
      • Critical Illness Insurance
      • Dental Insurance
      • Long Term Care Insurance
      • Medicare Advantage Plans
      • Medicare Supplement Coverage
      • Vision Insurance
    • Other >
      • Event Insurance
      • Travel Trailer Insurance
      • Umbrella Insurance
      • Wedding Insurance
  • About
    • Staff Directory
    • Refer a Friend
    • Client Testimonials
    • Insurance Carriers
    • Agency Photo Gallery
    • Newsletter Signup
    • Accessibility Statement
    • News
    • Blog
  • Contact

Rollo Insurance Blog

Do Businesses Need To Keep Their Insurance Permanently?

12/27/2021

0 Comments

 
Picture
Businesses are vulnerable to a lot of property damages, liability claims, and income losses. Consequently, business owners tend to shoulder all the costly expenses by paying out of pocket. That could be financially challenging, especially for small companies. Nevertheless, it can be prevented by keeping your business insurance in-tact which may cover all those expenses for you.
What Kind of Insurance Do Small Businesses Need To Maintain?
The recommended insurance for small companies to keep is the business owner’s policy. It is an umbrella term that refers to insurance that covers all essential components in a business-like property, liabilities, and income losses.

Furthermore, specific insurance can also be tailored just for you, depending on the specific risks or conditions present at the workplace.

What is Business Owners Policy (BOP)?
A business owner’s policy is a kind of insurance policy (or policies) that is specially packaged to fit the needs of a small company. To be considered eligible, the business must meet the common requirements:
  • It must be located in a small office
  • It must have less than 100 employees
  • It should earn a revenue of less than $1 Million per year
  • It should operate in a low-risk industry

Listed below are the descriptions of the business insurance included in a business owner’s policy:
  1. Business Property Insurance
    This part generally protects the building and other commercial properties from damages. It includes costs for reconstruction, repairs, and replacement of properties based on their depreciated value.

  2. Business Liability Insurance
    It covers medical reimbursements and legal expenses. It will be applicable in cases wherein businesses are being held accountable for incidents occurring within premises.

  3. Business Income Insurance
    Also known as Business Interruption Insurance, this covers the business from loss of revenue in cases of a temporary business closure.

Is Business Insurance Always Needed?
Having business insurance is not required. However, It may still be necessary if you think you are in a high-risk business. So either you will choose to shoulder all those expenses or let the insurance company supply them for you.

At Rollo Insurance, we do our best to ensure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (512) 894-9742 or Click Here to request a free quote.
0 Comments



Leave a Reply.

    Contact Us

    (512) 894-9742
    1322 W Hwy 290
    Suite A
    Dripping Springs, TX 78620
    Click Here to Email Us

    Archives

    May 2024
    March 2024
    January 2024
    December 2023
    November 2023
    October 2023
    September 2023
    August 2023
    July 2023
    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    August 2021

    Categories

    All
    Auto Insurance
    Business Insurance
    Cyber Insurance
    FAQs
    Financial
    Home Insurance
    Insurance
    Local
    Safety
    Wedding Insurance

    RSS Feed

Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
Agent Login

Connect With Us

Share This Page

Contact Us

Rollo Insurance​
1322 W Hwy 290
Suite A
Dripping Springs, TX 78620
(512) 894-9742​
Click Here to Email Us

Location

Website by InsuranceSplash