Burbank, California (PRWEB) August 21, 2012
Business Insurance USA is pleased to announce a new customizable business insurance plan for machine shops. General liability insurance for machine shops is just the beginning when it comes to protecting the different aspects of the machine shop company. General liability insurance is the basis of the framework that must be included in a small business both to meet legal requirements and to provide fundamental liability protection. Today, machine shop insurance can now be customized to even greater degrees through what’s known as a “BOP” (business owners policy), and business owners can include important items and other types of coverage. This new business insurance program for machine shops is a cost effective way to optimize the best insurance protection for this specific type of business.
General liability is the basis of an insurance plan for machine shops because it covers for a wide range of liability concerns. For instance, bodily injury protection covers for medical expenses in circumstances such as when a visitor has an accident on the property of the business. Additionally, general liability insurance for machine shops protects the financial and legal interests when a product or service causes harm to a consumer in some way. In these cases, general liability insurance for machine shops will cover for medical expenses and this coverage many times will prevent costly legal battles for the business owner as well.
In addition to the invaluable protection of general liability, a BOP (business owners policy) for machine shops can now be customized to protect specific structures, buildings, and other assets that are most important to machine shops. Through buildings and contents coverage, a business owner can receive tools and machinery coverage as well as business personal property coverage by listing the specific items in the newly created business owners policy. Valuable papers and electronic data can also be listed and included on these customizable BOP plans that are now made available to machine shop companies.
Machine shop insurance can also protect business owners from other circumstances that can be potentially detrimental such as employee dishonesty coverage, which collectively costs small business 400 billion dollars annually in lost revenue. Also unexpected and potentially devastating to the small business are the effects that disaster can have on business function. With business income and extra expense coverage, machine shops can now be covered for temporary expenses in the event business must be temporarily moved to a new location and this coverage can even provide for lost income.
Machine shop insurance is an important way to protect the assets and hard work of today’s small business owner. With the versatile protection that a BOP plan can provide the machine shop today, the assets and the production of the modern machine shop can remain strong.
For more information visit: http://www.businessinsuranceusa.com