A Business Owner’s Policy is a great solution for small businesses that combines General Liability coverage with Property Liability insurance.
This type of policy will protect your business from third party claims and also protect from your business from losses to your own business property.
Many small business owners believe that General Liability insurance coverage will also protect them from damages to their own business property; however General Liability insurance only covers damages or losses to a third party. A Business Owner’s Policy, however, combines: General Liability insurance protecting against third party claims AND Property liability insurance that covers losses to your own business property - fixtures, furniture and equipment.
You should consider a Business Owner’s Policy if you need general liability insurance coverage and have business equipment like computers, machines or furniture or own the building at which you work and need to insure the property.