Farmers of Salem

Business Owners Insurance

A Business Owner’s Policy combines business property and liability insurance into one policy. It can help protect small and medium-sized businesses from a variety of claims, including those that may arise from disasters, operations, or other events. This coverage is ideal for retail store, salons, including nail salons, medical, veterinarian and professional offices, liquor stores, and many others.

Key Components

Property: Covers buildings, equipment, inventory, and movable property, as well as debris removal and pollution cleanup.
Liability: Covers claims related to bodily injury, property damage, product-related issues, advertising injury, and personal injury.
Business income: Helps pay bills and employees if the business has to temporarily close.
Crime: Protects the business from fraud, theft, and forgery.

Coverage Enhancements

Cyber Liability

This enhancement focuses on the risks that arise from various information technology threats and typically provide two broad types of coverages-legal liability and breach response cost.

Commercial Equipment Breakdown

This enhancement fills the gaps of your property insurance policies by covering losses from the breakdown of your mechanical, electrical and pressure systems.

Employment Practices Liability (EPL) Coverage

This enhancement offers flexible limit options, full prior acts coverage, third party optional coverage and access to specialized employment attorneys and a loss prevention website to support your management of the EPL exposure. Coverage available on select classes.