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  2. Business owner's policy - Wikipedia

    en.wikipedia.org/wiki/Business_owner's_policy

    A typical business owner's policy includes property and liability insurance. The property insurance portion of a BOP is available most often as named-peril coverage, which provides compensation only for damage caused by events specifically listed in the policy (typically fire, explosion, wind damage, vandalism, smoke damage, etc.). [3]

  3. Small Business Insurance: What Coverage Do You Need? - AOL

    www.aol.com/small-business-insurance-coverage...

    A business owner's policy, or BOP, bundles general liability with coverage for business property, like tools or equipment. ... professional liability (E&O) insurance, business owners’ policies ...

  4. A comprehensive guide to small business insurance: Here ... - AOL

    www.aol.com/finance/comprehensive-guide-small...

    Starting your own business requires a significant investment of both time and money. Millions of people continue to step up to the challenge with 33 million small businesses active in the U.S. as ...

  5. Risk management plan for small business owners: 6 tasks for ...

    www.aol.com/finance/risk-management-plan-small...

    General liability insurance. ... damage to another person's property, ... business owners can create a more resilient business that's better prepared for unexpected challenges. 6. Monitor and ...

  6. Limited liability company - Wikipedia

    en.wikipedia.org/wiki/Limited_liability_company

    For some business ventures, such as real estate investment, each property can be owned by a separate LLC, thereby shielding the owners and their other properties from cross-liability. [ 41 ] Flexible membership: Members of an LLC may include individuals, partnerships, trusts, estates, organizations, or other business entities, [ 42 ] and most ...

  7. Legal liability - Wikipedia

    en.wikipedia.org/wiki/Legal_liability

    A limited liability form separates the owner(s) from the business. The limited liability form essentially acts as a corporate veil that protects owners from liabilities of the business. [2] This means that when a business is found liable in a case, the owners are not themselves liable; rather, the business is. Thus, only the funds or property ...

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