Business Insurance, Insurance for Small Business, and Liability Insurance In Riverhead, Long Island, Jericho, NY, Bethlehem, Littleton, Lincoln, NH, and the surrounding areas
The Washwick Agency has worked with employers and businesses since 1979. In fact, it’s how we started. Throughout our history we have heard all the concerns business owners have – offering competitive benefits to their employees, protecting their assets and liability concerns.
Commercial Insurance for Your Industry
Every industry has its own particular commercial insurance needs and liability insurance concerns. Our commercial insurance department will start with your needs and then go through the different options for you. We know businesses just starting out and tight margins can influence your budget. We understand and know the various ways to help you save on your commercial insurance.
What is a Business Owner’s Package insurance policy?
A business owner policy packages all required coverage a business owner would need. Often, BOPs will include business interruption insurance, property insurance, vehicle coverage, liability insurance, and crime insurance. Based on your company’s specific needs, you can alter what is included in a BOP.
Typically, a business owner will save money by choosing a BOP because the bundle of services often costs less than the total cost of all the individual coverages. Washwick Agency also offers group health insurance and small business health insurance.
What’s covered with a typical BOP Policy?
BOPs typically include:
- Property insurance for buildings and contents owned by the company — there are two different forms, standard and special, which provides more comprehensive coverage.
- Business interruption insurance, which covers the loss of income resulting from a fire or other catastrophe that disrupts the operation of the business. It can also include the extra expense of operating out of a temporary location.
- Liability protection, which covers your company’s legal responsibility for the harm it may cause to others. This harm is a result of things that you and your employees do or fail to do in your business operations that may cause bodily injury or property damage due to defective products, faulty installations and errors in services provided.
In most cases, BOPs do NOT cover professional liability insurance, auto insurance, worker’s compensation or health insurance and disability insurance. You will need separate insurance policies to cover professional services, vehicles and your employees.
Small Business Insurance
It’s no secret that our economy is built on a foundation of small businesses. In fact, over 60% of net new jobs are created by small businesses. Government records agencies report that 44% of all economic activity in the US comes from small businesses.
That’s a huge sector full of activity that represents a host of risks every day. From production to distribution, retail and wholesale sales to e-commerce, small business spans all industries…and the risks they face are equally diverse. Contact #TeamWashwick to learn more about what we can do to insure your small business and give you peace of mind.
One Agency for all your business insurance needs
Insurance for a business can be complicated. Benefits, protection, liability, asset protection, business interruption, property and more. Some of these can be bundled to save you money and other conveniences.
- Benefit Packages
- Ancillary Benefits
- Business Insurance
- Commercial Lines
- Retirement Plans
- Buy and Sell Agreements
- Consultation planning HR Consults
- Disability benefits
- Worker’s compensation
- Business interruption
- Liability Insurance
- Errors & Omissions
- Commercial Property