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Business Owners Policy Basics

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What is a business owners policy?
A business owners policy is a comprehensive insurance package that combines coverage for major property and liability insurance risks, and many optional additional coverages, into one convenient policy.

Who generally purchases a business owners policy?
Most small- to medium-sized businesses can benefit from the conveniently packaged policy of property and liability coverage.

Why buy a business owners policy?
Unexpected events could be devastating to your business. Convenient and comprehensive, a business owners policy provides coverage when you need it most. A business owners policy is for most businesses a perfect way to safeguard business assets.

What does a business owners policy cover?
A business owners policy provides both property and liability coverage, as well as business income insurance, which compensates you for lost business income and necessary operating expenses following a disaster.
  • Property
    Covers business buildings and their contents, including — but not limited to — inventory, office equipment, furniture and computers, equipment leased or rented for business use, and property in your care belonging to someone else that is accidentally damaged.
  • Liability
    Covers damages that you are legally obligated to pay as a result of bodily injury, property damage or personal and advertising injury up to the policy limits and subject to your deductible.
    • Bodily injury — covers sickness, disease, injury or death and may also include emotional or mental injuries, such as post-traumatic stress syndrome.
    • Property damage — covers physical damage to property, as well as covering any resulting loss of use of that property.
    • Personal and advertising injury — provides coverage for:
      • Libel
      • Slander
      • Defamatory or disparaging material or publication
      • Infringement of the privacy or copyrights of another in your advertisement
      • False arrest
      • Wrongful entry or eviction or other invasion of the right of private occupancy
Get straightforward advice for your business by speaking with a business insurance agent today.

Call Today For A Free Quote

Call 1-888-705-2379 to speak with a business insurance agent, or request a call and one of our business insurance agents will contact you.
Call Today For A Free Quote1-888-705-2379
Business Owners PolicyRequest a Call
Wells Fargo Insurance, Inc. (Minneapolis, MN) is a licensed agency that represents — and is compensated by — the insurer based on the amount of insurance sold.