Business | Property & General Liability

Even the most well-run business can be faced with a disaster or lawsuits. Property & General Liability insurance for businesses usually combine protection from all major property and liability risks in one package. (They also can be purchased separately as well.) One common kind of package purchased by small and mid-sized businesses is the Business Owners Policy (BOP).

BOPs include:
Property insurance for buildings and contents owned by the company -- there are two different forms, Basic and Special.  The special form provides more comprehensive coverage and is the one we highly recommend.

In addition, businesses can tailor a Business Owner’s Policy to help meet your unique needs by also adding coverages for Business Interruption or Business Income, and Cyber/Technology Breach such as data breaches &/or ransom ware.  In addition, you put your professional judgment and expertise on the line just about every day. Even if you’ve done nothing wrong, your business can be sued by a customer or client claiming a negligent act, error or omission in the professional services you provided. Add Professional Liability (Errors and Omissions) coverage to your BOP insurance to help protect your business from this type of claim. Keep in mind, some types of businesses may not be eligible for this coverage on a BOP and will need a separate EPLI Policy (see our EPLI tab for more in-depth information.)

Business interruption insurance, frequently called Business Income, covers the loss of income resulting from a fire or other covered catastrophe that disrupts the operation of the business. It can also include the extra expense of operating your business out of a temporary location after a loss while your damaged location is being renovated.

Data Breach Coverage
Any business that handles or stores private customer, patient or employee information is at risk for a data breach. When this sensitive information is lost or stolen, it’s important to act quickly to restore confidence in your business. If a breach occurs, Data Breach coverage can help pay for the expenses to notify impacted individuals, engage credit monitoring services (if warranted), public relations and more. Coverage can also help with defense and settlement or judgment costs in the event your business is sued because of a breach. And coverage is provided even if private data is stored internationally. Additional coverage options can help:

  • Replace lost income and pay for extra expenses incurred to keep your business running if your business must close temporarily or slow operations due to a covered data breach.
  • Protect a business from a data breach that occurred prior to the policy effective date.
  • Pay for extortion expenses and ransom payments associated with the threat of a data breach.

General Liability Insurance, also known as Commercial General Business Liability, protects a company’s assets and pays for obligations – medical costs, for example – incurred if someone gets hurt on your property or when there are property damages or injuries caused by you or your employees. Liability insurance also covers the cost of your legal defense and any settlement or award should you be successfully sued.  Typically, these include compensatory damages, nonmonetary losses suffered by the injured party, and punitive damages. 

General liability insurance can also protect you against any liability as a tenant if you cause damage, such as by fire or other covered loss, to a property that you rent.

Finally, it can also cover claims of false or misleading advertising, including libel, slander, and copyright infringement.  

Business Property and General Liability policies do NOT cover auto insurance, Worker's Compensation or health and disability insurance. You will need separate insurance policies for these coverages.

Because each business is unique, we tailor a program to address your situation knowing that companies change over time. 

Taking A Business Inventory

What would happen if a fire or other disaster destroyed your property, making it impossible for you to get back to business right away? Would you remember what property had been destroyed? One way is by taking a complete inventory of all your personal business property, determining its value, and deciding what's worth insuring. Having an up-to-date business inventory will help you get your insurance claim settled faster, verify losses for your business' income tax return and help you purchase the correct amount of insurance.

Start by making a list of personal business property, describing each item and noting where you bought it and its make and model. Clip to your list any sales receipts, purchase contracts, and appraisals you have. Make sure this inventory is off-premises so that it does not get destroyed when your business is damaged.

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My company has called on Petschauer Insurance for many years for its insurance needs: liability, liquor, auto, etc. Working with Erwin and his team has been a pleasure from beginning to present. They are quick to answer any question and provide sound advice. I have always felt that my and our needs are important to them, in theory and practice. They go the extra mile, and we continue to be well served.
Stephen Kennard from Canard Inc.
Excellence in customer service and it’s a one stop shop for all my insurance needs.
Tom Haines
From the first time I spoke with Lori Halloran at Petschauer Insurance, I knew she was a special person. She is a woman that conducts herself professionally, with compassion and full knowledge of all types of insurance Petschauer has to offer. While speaking with her, as she explained and answered all of my questions, I felt like I was speaking with family…which is another way to describe this company. She has a way of making very confusing decisions so simple and easy to understand. I even added another insurance policy to my two renewal policies because of her. My last renewals could have been processed via mail but I really wanted to take the time to drive and meet this wonderful woman face to face. She greeted me with this huge beautiful smile, which matched her personality perfectly. So, I just had to go back another time just to say “Hi” and bring her flowers in appreciation for all her help and also celebrate a new friendship. The Petschauer “Family” has been there for me since my first policy when I was 19 years old, and now I’m a “senior”. I’ve been with them forever and don’t plan on going anywhere else. Thank you Lori for your dedication and to the rest of the Petschauer staff.
Jane Deitlein
Spence-Chapin has had the pleasure of working with the wonderful John Petschauer, Inc. for 15+ years. They have always provided excellent service to us–with great knowledge, expertise, and patience — even in the most challenging situations. There has not been one time when they have not been immediately accessible to us, even at a moment’s notice. We thank them for their work and celebrate their 60th anniversary, while looking forward to working with them for another 60 years and beyond!
Spence-Chapin
I have worked with various individuals at Petschauer and have found each to be responsive, courteous, and thoughtful. Each year, the contact for my auto policy proactively seeks new bids and has consistently saved me money on my policy.
Ryan Huber
I have been with Petschauer Insurance for over twenty five years. The staff is knowledgeable and professional. Petschauer writes both my personal and commercial insurance and they provide excellent counseling. I truly trust the firm and their staff. Thank you.
Mike Matonti
Quality attentive service is hard to find, but at Petschauer Insurance that’s what you can expect from their always friendly staff . It’s what we’ve experienced for all these many years.
John from Forest Pork Store Inc.
I have had the pleasure of working with various members of the Petschauer Team, both personally and professionally for 20+ years. And I couldn’t have done it without them. They go above and beyond. Heidi, Narima, Sherri and LuAnn don’t just bring to us the products they offer, they help me to understand the specifics and evaluate what makes the most sense for me, my family and my employees. I always feel I have a better understanding of an industry I have no understanding of so that I can evaluate the offerings in a smart way, cost effective way. They are proactive with renewals, allowing us the time to do our due diligence, evaluate our plans to be sure we’re properly covered and are always there to listen and help with special circumstances. Their kindness, caring and willingness to lend an ear when needed, really makes them stand apart from the rest. Heidi and her family have built a beautiful culture at Petschauer and I highly recommend them to anyone I meet.
Jamie Stedman-Novo
I have been with Petschauer Insurance for a long time. My account executive Lori Halloran is like family to me: she is always there when I need her and is very knowledgeable and understanding. I wouldn’t go anywhere else for my insurance needs.
Vincent Falcone
Petschauer is great. I never had a problem.  They always call me back. Fabulous employees who are always willing to help.
Marty Bruno