Business Owners Insurance
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Business Insurance to fit your budget and needs
Focus Insurance Group is your Small Business Insurance Provider in Atlanta
Your business is your single greatest investment and asset. You need to know that it is properly protected. At Focus Insurance Group, we connect you with the best rates and coverage terms for your company – no searching or hassles for you.
Small Business, Big Insurance Implications
Millions of people launch new businesses each year – and the majority of them never get to celebrate their first anniversary. There are a lot of decisions you can make as a business owner that can put you on a trajectory towards an inaugural-year flop. However, a big one is not having the right insurance.
Whether you get caught up in a lawsuit you can’t fight your way out of or experience property loss that eliminates the possibility of recovery, without the right insurance policy, you might have to close your doors before you even get off the ground. Our goal is to get you the coverage you need to prevent this.
Business Owner's Policy (BOP): A Package Solution
The best policy for most companies is a business owner’s policy, also called a BOP. This is a package insurance solution. This policy can contain whatever your business needs since most coverage providers will customize it for you but common coverage includes:
- Property
- Business interruption
- Liability
In most cases, a BOP will be more affordable than taking out multiple individual policies.
Evolving Your Policy With Your Business
Keep in mind that as your business grows, your policy needs to grow too. For example, if you begin as a home-based business with just a handful of employees, you’ll need to expand coverage once you rent an office building and expand your staff.
You may also need to take out additional endorsements and riders to cover things BOPs do not. These include:
- Commercial auto insurance
- Workers' compensation
- Health insurance
- Disability insurance
- Liability against wrongful professional practices
Additionally, depending on the nature of your business, a BOP may not be suited to you. High-risk businesses need specialized policies.
Reducing Your Small Business Insurance Costs
Insurance companies base premiums on perceived risk. To reduce your costs, take steps to lower your risk. Here are some tips to keep in mind.
- Enforce safe driving and only hire employees with solid driving records if they will be using company vehicles or using personal vehicles for business.
- Make sure your inventory is up to date and store all your records in the cloud. That way, you can access the necessary information even if physical copies are destroyed.
- Provide employees with a secure area to keep their personal items
- Use a safe for money and valuables belonging to your business.
- Make sure your business has proper lighting and clear risks (like uneven flooring) are eliminated.
- Install and maintain sprinklers and smoke alarms.
- Install a security system.
- Avoid having large amounts of cash on hand.
- Train employees on safety in the workplace.
