What You Need to Know About Business Owners Insurance
Learn the ins and outs of coverage for your business.
If you own a small business, you know the value of planning. That’s why MetLife Auto & Home® wants to make sure you understand the basics of business insurance and how it can help you plan for the unexpected.
What it is: Protects you against financial impacts from third-party lawsuits.
What it covers: If a customer slips and falls, if damage is done to a client’s property, and more.
What it is: Protects the physical assets of your business.
What it covers: Items such as your equipment, furniture and décor, inventory, valuable papers or records and more.
Business Interruption Coverage
What it is: Protects against lost or reduced earnings due to an event that causes your business to temporarily close.
What it covers: If your business is forced to temporarily close because of an event such as a fire, this coverage will provide you with protection for your lost or reduced earnings. It may also help you cover additional expenses to keep your business running, such as the cost to rent a temporary office.
Commercial Auto Coverage
Whether your business relies on one vehicle or a small fleet, commercial auto insurance is critical to protecting the financial health of your business. There are two main components of a commercial auto policy:
- Liability coverage is required by law in most states and provides coverage to a third party if they are injured or their property is damaged when you or an employee are at fault in an accident.
- Physical damage coverage provides coverage to your vehicles for events such as accidents, vandalism or theft.
Learn more about MetLife Auto & Home’s business owners insurance products.
MetLife Auto & Home is a brand of Metropolitan Property and Casualty Insurance Company and its affiliates: Economy Preferred Insurance Company, Metropolitan Casualty Insurance Company, Metropolitan Direct Property and Casualty Insurance Company, Metropolitan General Insurance Company, Metropolitan Group Property and Casualty Insurance Company, and Metropolitan Lloyds Insurance Company of Texas, all with administrative home offices in Warwick, RI. Coverage, rates, discounts, and policy features vary by state and product, and are available in most states to those who qualify.