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A successful catering service in Austin, Texas that specializes in corporate events, weddings, and private parties.
Client: Mike's Catering*
Location: Austin, Texas
Type of Business: Catering Service
Annual Revenue: $1.5 million
Number of Employees: 10
Situation: Mike's Catering is a successful catering service in Austin, Texas that specializes in corporate events, weddings, and private parties. The company is growing, and the owner is concerned about the potential financial impact of any unexpected events, such as property damage, injury to an employee or customer, or loss of income due to a liability claim.
Objective: To provide Mike's Catering with the protection they need to minimize the financial impact of unexpected events and ensure the continued success of their business.
Analysis: Based on the type of business and the potential risks involved, Mike's Catering would benefit from several types of commercial insurance, including:
Recommendation: Mike's Catering should purchase a BOP policy that includes general liability insurance, workers' compensation insurance, and commercial auto insurance. This policy will provide comprehensive coverage for a variety of risks and minimize the financial impact of unexpected events.
Conclusion: By purchasing a BOP policy, Mike's Catering will be able to protect their business and ensure its continued success. The policy will provide comprehensive coverage for a variety of risks, minimizing the financial impact of unexpected events and allowing the company to focus on growing their business.
*Case study designed for educational purposes only.
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