Insurance coverages for business owners

Businessowners policy (BOP)

Markel Specialty's businessowners policy, EssentialBOP, combines the general liability and property coverages you need to cover your business. You can choose from three levels of coverage: Essential, Essential +1, and Essential +2. Pick the one that best fits your business and your budget.

Coverage

Essential

Essential +1
(additional $100)

Essential +2
(additional $200)

Accounts receivable

$10,000 on premises
$5,000 off premises

$25,000 on premises
$10,000 off premises

$50,000 on premises
$25,000 off premises

Damage to premises rented to you

$50,000

$100,000

$300,000

Electronic data

$10,000

$25,000

$50,000

Employee dishonesty

Not included

$5,000

$10,000

Money and securities, inside the premises

Not included

$15,000

$25,000

Money and securities, outside the premises

Not included

$5,000

$10,000

Outdoor signs – attached

$1,000

$2,500

$5,000

Outdoor signs – unattached

$2,500

$2,500

$5,000

Valuable papers and records

$10,000 on premises
$5,000 off premises

$25,000 on premises
$10,000 off premises

$50,000 on premises
$25,000 off premises

Property
Commercial property insurance for your business protects you when fire, theft, or vandalism damages or destroys your building or equipment. Property insurance also covers your intangible property, like accounts receivable, business income, and interruption of computer operations.

  • Buildings – protects your building whether you rent or own
  • Business personal property – protects your business contents and equipment at your office

Liability
Commercial general liability insurance, also known as general liability or business liability, is an essential coverage that can protect you from unexpected but not uncommon claims arising from your daily business operations such as bodily injury, property damage, and personal injury.

  • Additional insured – by written contract, agreement, permit, or authorization
  • Damage to premises rented to you
  • Personal and advertising injury – caused by an offense

Workers compensation

A workers compensation insurance policy ensures that your injured worker’s medical and financial needs are met. Workers compensation insurance also protects your business by transferring risk to an insurance provider.

A Markel Specialty workers compensation policy covers expenses resulting from on-the-job injuries. As long as the injury occurs during the normal scope of job duties, workers compensation insurance benefits, such as lost-time payments and medical and rehabilitative services, are applicable including:

  • Lost wages and benefits
  • Medical care and rehabilitation services
  • Legal representation and compliance services

Your Markel Specialty workers compensation policy also includes access to medical case managers. They will handle the claim for you and coordinate return-to-work and light-duty programs that control costs.

Employment Practices Liability (EPL) coverage

Add our optional Employment Practices Liability (EPL) endorsement to further protect your business from an employee claim against you such as sexual harassment or wrongful termination.

The EPL endorsement also gives you special access to Markel.EmployerProtection.net. At this easy-to-use site, you can view and download employment resources such as:

  • A model employee handbook
  • Best employment practices checklist
  • Model forms and policies
  • OSHA fact sheets
  • An extensive online library of employment related articles

Get a quote

Learn how affordable Markel Specialty's protection can be for your business.