Business Owners Insurance for Wealth Managers | Everything You Need to Know

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  • Опубликовано: 14 апр 2024
  • Business Owners Insurance for Wealth Managers
    In this video, we address a common question among Wealth Managers: Do you need Business owner insurance or a BOP policy, especially if you're operating virtually or from a home office? While E&O or Professional Liability Insurance may seem sufficient, I'll explain why a Business Owners Policy (BOP) is crucial for wealth managers.
    A BOP policy combines property and liability coverages into one comprehensive package, including coverage for business personal property and liability insurance. Despite having E&O insurance, General Liability coverage is essential as it protects against bodily injury or property damage claims, which are excluded from E&O policies.
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