Question

What type of policy is more suitable for small business?

This interesting question is from Insurance topic

This question was addressed to me in an interview for internship.

Other related questions to my question are:

What types of insurance are commonly carried by small businesses describe each type of coverage?

What type of insurance is mandatory for all small businesses?

What is the most common business insurance?

Why does your small business need insurance coverage?

How do you select the right insurance policy for your business?

What types of insurance would you need to run a small business in Georgia?

Answer 1

Correct answer is: The most common policy for small businesses is the Businessowners Policy (BOP). The BOP combines coverage for all major property and liability insurance risks as well as many additional coverages into one package policy suitable for most small businesses.

The title of my answer can be Small Business Insurance Basics | III