General liability is a comprehensive insurance policy that protects small businesses from a variety of customer specific hazards. If customers are able to visit your broadcasting offices and they are injured there in some way, general liability protects your company from related losses. If the customer’s property is damaged at your business, general liability covers that as well.
As a broadcaster, you may inadvertently bring harm to customers through products that you sell to them, or through your advertisements. General liability is designed to help protect your company from those situations.
As a comprehensive business insurance policy, general liability expands to cover new products that you offer as your business grows.
Business Owners Policy (Bop)
A business owners policy includes general liability and adds property and income protection.
BOP protects your physical business property such as office buildings, broadcasting antennas or satellites and the broadcasting equipment you have inside your structures. If a hail storm damages an antenna on the top of your building, BOP will cover the cost of repairing or replacing it. If an earthquake causes dust and debris to damage the internal electronics of your broadcasting equipment, BOP covers those replacement and repair costs as well.
BOP protects you from the damage or loss of your business buildings and certain outdoor business assets. It also protects the contents inside of your building including improvements, decor and furnishings.
BOP provides protection from income loss as well. If an earthquake causes your broadcast offices to become dangerous to occupy for a period of time, you may lose income due to that downtime. BOP protects you from that income loss. It may even provide for temporary office expenses while you’re waiting for your buildings to be repaired.
BOP also helps with the recovery or replacement of critical electronic files, data and media and it protects your company from losses due to employee dishonesty.