Business Owners Policy (BOP) protects you from business liability and property damage at a lower cost. BOP covers claims resulting from fire, theft & disasters. BOP also covers claims of bodily injury or property damage during your business operations.
Business Interruption Insurance protects your small business if impacted by a covered risk. It'll cover the costs in replacing lost income and paying for additional expenditures. Also known as Business Interruption Coverage, this policy is usually part of your BOP (Business Owners Policy).
Product Liability insurance covers your business if you need to recall one of your products. It covers your costs for retrieving the defective product from the manufacturer or seller to prevent any further bodily injury or property damage.
Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
Why do Mobile Home Dealers need insurance?
These establishments are involved in retailing new and used mobile homes, including parts and equipment.
As a mobile home dealer, you face the responsibility of providing quality pre-fabricated homes expected to stand the test of time. When something goes wrong and it is proven that the mobile home you sold is the culprit, you'll face a liability lawsuit that could potentially drain your business finances. With insurance, the defense costs are covered up to the limits of the policy. And all it requires is for you to pay a small monthly fee.
What risks do Mobile Home Dealers face?
As a dealer of mobile homes, your business faces a lot of unique risks. Below are some examples:
How much does insurance for Mobile Home Dealers cost?
There is no fixed cost of insurance for mobile home dealers because there are various criteria insurance carriers look for to identify the cost of your insurance policy. To find out the cost of your insurance policy, you can get a fast free quote online in just a few minutes, or talk directly to our insurance experts.