Before you start shopping for a business owner's policy (BOP) or workers' compensation insurance, study your company's claims history and review your current policy (if you have one) to familiarize yourself with your current coverage and rates.
Although requirements vary slightly from broker to broker or carrier to carrier, you'll need to submit the following information in order to get a BOP or a workers' compensation quote:
For both workers' compensation and BOP quotes:
Your name and contact information
Effective date of the policy
Business name
Mailing address
Office address and telephone and fax numbers
For workers' compensation quotes:
Number of locations
Number of employees by location
Annual payroll by location
Type of business entity (partnership, LLC, corporation, etc.)
Social security number or FEIN of business owner
Recent claims history
For BOP insurance quotes:
Length of time in current location
Length of time in business
Description of general business operations
Whether or not you own your building
Building value (if owned)
Square footage (if owned)
Year the building was built (if owned or leased)
Value of building improvements (if leased)
Recent claims history
Value of owned and leased building contents
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