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Scenario: Cindy recently opened her hair salon. This has been a dream of her for years and she finally did it! She ROCKS! About 3 months after she opened her salon, a customer slipped and fell and broke her arm. Someone spilled water on the floor and it wasn’t cleaned it up. The customer sued Cindy to pay for her medical bills. Two months after that, her salon was robbed. The criminals damaged stations and chairs and stole her flat screen TVs, registers, PCs and other equipment in her office. In spite of these challenges, Cindy pressed through and kept her business running.
Unfortunately, a few week after her 1st year anniversary, there was a fire in the space next to her salon in the store front strip mall. The fire didn’t destroy the structure but it did major damage to the interior of Cindy’s pride and joy. 🙁
You would think that Cindy would just quit, right? NO!!!
So, how was Cindy able to overcome all of these liability issues / property damages and keep her business open? She obviously had a FAB Business Protection Planner, aka Insurance Agent. 😉 They ROCK!!!
Getting several individual business insurance policies can be costly. Some of the required business insurance includes business interruption insurance, property insurance, vehicle coverage, liability insurance and crime insurance.
A BUSINESS OWNER POLICY (BOP) packages all required coverage a business owner would need. Based on your business’ or company’s specific needs, you can change what is included in a BOP.
Typically, you will save money by choosing … (continue reading “CYA [Cover Your Assets] Biz Tip: Sometimes a BOP Bundle is Better)