Business Insurance

If you’re not sure what coverage is right for your business, or have not considered a BOP, learn how a BOP insurance policy from Nationwide can protect your business.

A BOP insurance policy combines property, liability and income interruption coverage with additional protections into one convenient package. If you’re not sure what coverage is right for your business, or have not considered a BOP, learn how a BOP insurance policy from Nationwide can protect your business.

Your business might benefit from Nationwide BOP insurance if the following criteria apply: Having fewer than 100 employees and sales below $5 million, possessing valuable property or equipment requiring protection, and seeking to safeguard your business investments. Explore the advantages of Nationwide BOP insurance for your specific needs today.

Commercial auto insurance actively safeguards you and your business when you utilize a vehicle for business purposes. It actively provides coverage for injuries to individuals and damage to their property resulting from accidents caused by your driving. You actively require a commercial auto policy if you use your vehicle for transporting goods or need higher liability limits based on the nature of your work.

– You use your vehicle to transport goods, or if you need higher limits of liability because of the nature of your work

– Employees operate the vehicle for you, or if the vehicle is registered to your business

– You have fewer than 100 employees and less than $5 million in sales – You have property or equipment that needs protection from damage caused by an accident ​

General liability insurance actively shields you from the uncertainties that may arise in your business. In the event of a lawsuit, investigation, or settlement, this policy plays an active role in covering the associated costs. It actively covers crucial aspects such as litigation, investigations, settlements, as well as medical expenses, attorney fees, and damages for which you are legally responsible.

However, it’s important to note that general liability insurance does have its limitations. It does not actively cover employee injuries, professional liability, auto-related incidents, or punitive damages. For comprehensive protection in these specific areas, additional policies may be required.

By understanding the scope and limitations of general liability insurance, you can make informed decisions about your business’s insurance needs and ensure comprehensive coverage in all aspects.

Working with a professional liability insurance provider actively guarantees the protection of your business. With professional liability insurance in place, you can confidently offer your services, knowing that you have additional safeguards in place.

Professional liability insurance provides essential coverage for your services, offering specific protections that are crucial for your business. These protections include coverage for errors and omissions, safeguarding you against claims arising from negligent acts committed during your business activities that result in loss for your clients.

Moreover, professional liability insurance also extends to employment practices liability, ensuring protection for you and your business against charges of discrimination, harassment, or wrongful termination. This comprehensive coverage allows you to focus on delivering exceptional services without the constant worry of potential legal implications.

By partnering with a professional liability insurance provider, you actively demonstrate your commitment to maintaining high standards, protecting your reputation, and mitigating potential risks associated with professional services.

The best way to protect your business from the risks of workers’ compensation is to buy insurance.

Workers’ compensation insurance can help if, for example:

– An employee is injured in an auto accident while running errands for the company

– An associate develops carpal tunnel syndrome from working on the computer

– An employee gets hurt while restocking the supply room​

If you’re looking for an additional layer of coverage that gives you peace of mind, an umbrella policy can be just what you need.

An umbrella policy is a type of business liability insurance that provides coverage for all types of claims your business may face. It’s especially useful in high-loss situations, when the cost of a claim exceeds your policy’s limit of liability. For example, if your business receives a $1.5 million general liability claim after a customer injures themselves on your property, but your general liability policy limit is only $1 million, an umbrella policy could help cover the remaining $500,000.