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From a public speaker accused of slander to a career coach sued for negligence, a lawsuit can devastate a small business. Insureon has helped professional services business owners secure over 3,000 policies.
A BOP is a type of professional services insurance that bundles general liability and property insurance at a lower rate than if the policies were purchased separately.
This policy is also called errors and omissions insurance. It covers legal expenses if a public speaker or other professional is sued for unsatisfactory work or a mistake.
Workers’ compensation insurance is required in almost every state for professional service businesses that have employees. It can cover medical costs for work-related injuries.
This policy covers basic business risks, such as client property damage and injuries. Bundle with property insurance for savings in a business owner’s policy.
Several factors will have an impact on insurance costs, including: