How Long To Keep Business Insurance Policies

How long to keep certificates of insurance?

According to the National Council on Compensation Insurance, you should keep a certificate of insurance for at least three years just in case you are audited.

What are business owners policy?

A basic businessowners policy typically includes three or four key coverages: Commercial property insurance, which protects your building, equipment and inventory. General liability insurance, which helps cover any medical expenses and bodily injury/property damages you and your employees are legally responsible for. Business income, which helps you pay bills and employees if your business has to temporarily close. More items...

What is bop business insurance?

The BOP is a package of insurance coverages in a single policy that meets the insurance needs of many small business owners. It includes commonly required property and liability insurance and some optional coverages.

What is business owner insurance?

A business owner's policy is a package of different types of business insurance combined into one product. These insurance products can cover the majority of a business' insurance needs. Business owner's insurance is typically sold to small to mid size companies.

How Long To Keep Business Insurance Policies

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