{"id":136,"date":"2021-05-28T04:00:00","date_gmt":"2021-05-28T10:00:00","guid":{"rendered":"https:\/\/www.fidainsurancegroup.com\/blog\/?p=136"},"modified":"2021-05-28T21:49:14","modified_gmt":"2021-05-29T03:49:14","slug":"general-liability-vs-business-owners-policy","status":"publish","type":"post","link":"https:\/\/www.fidainsurancegroup.com\/blog\/general-liability-vs-business-owners-policy\/","title":{"rendered":"General Liability vs. Business Owner\u2019s Policy"},"content":{"rendered":"

Every small business in Monroe, CT needs to be insured, but do you know the difference between general liability and a business owner’s policy? In this blog post, Fida Insurance Group will discuss what these two types of policies are and how they differ. We will also explore some important factors that can help you decide which one is better suited for your company. Let’s get started!<\/span><\/span><\/span><\/p>\n

What is General Liability Insurance?<\/span><\/span><\/span><\/h2>\n

General liability insurance covers lawsuits that might arise from accidents on your property, mistakes made by employees or contractors working for you, and other incidents where someone could sue you. General liability coverage is a key component of commercial insurance because it deals with more than just protecting people who visit your business — it also protects the company itself.<\/span><\/span><\/span><\/p>\n

What is a Business Owner’s Policy? <\/span><\/span><\/span><\/h2>\n

A business owner’s policy is a type of commercial insurance that covers you for the same things as general liability coverage, but only when incidents happen on your property. It won’t cover any accidents or injuries caused elsewhere — even if by an employee or contractor working for you.<\/span><\/span><\/span><\/p>\n

What Are the Differences Between General Liability and BOP insurance?<\/span><\/span><\/span><\/h2>\n

General liability insurance is meant to cover specific incidents that occur on a company’s premises, like falls and slips. BOP covers all types of losses, including property damage or theft from the business owner’s personal belongings.<\/span><\/span><\/span><\/span><\/p>\n

The BOP would cover the business owner themselves and not any other employees\/contractors they may have. The general liability coverage can be purchased separately if necessary (which makes it a bit cheaper in some cases), but is often bought along with other commercial policies such as property and casualty insurance policies.<\/span><\/span><\/span><\/p>\n

Business owners will typically purchase both so that their personal assets are covered should anything happen to them while carrying out work-related duties.<\/span><\/span><\/span><\/p>\n

Get Commercial Insurance Today<\/span><\/span><\/span><\/h2>\n

If you’d like more information about commercial insurance, contact us today! Fida Insurance Group will help you learn more about our business owner’s policy and general liability coverage options in Monroe, CT! Our team is always available to answer any questions you may have.<\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Every small business in Monroe, CT needs to be insured, but do you know the difference between general liability and a business owner’s policy? In this blog post, Fida Insurance Group will discuss what these two types of policies are and how they differ. We will also explore some important factors that can help you […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[5,8],"class_list":["post-136","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-fida-insurance-group","tag-monroe-ct"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/posts\/136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/comments?post=136"}],"version-history":[{"count":1,"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/posts\/136\/revisions"}],"predecessor-version":[{"id":137,"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/posts\/136\/revisions\/137"}],"wp:attachment":[{"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/media?parent=136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/categories?post=136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/tags?post=136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}