Real Solutions. Expert Advice. Real Time.

phone handset icon CALL US TODAY | (877) 396-2300
Lawyers LAWYERS
Accountants ACCOUNTANTS
Medical Malpractice MEDICAL MALPRACTICE
Miscellaneous Professionals MISCELLANEOUS PROFESSIONALS
Excess Coverage EXCESS COVERAGE
Cyber Liability CYBER LIABILITY
Allied Healthcare ALLIED HEALTHCARE

Business InsuranceA Business Owner’s Policy, or BOP, includes elements of business property and liability insurance in a single policy. Here’s more on what this covers and whether BOP insurance is right for your business.

What Is A Business Owner's Policy?

BOP insurance protects your business from losses due to theft, fire, and other covered disasters. It can also be written to take care of claims that may arise as part of regular business operations. This includes bodily injury and property damage, as well as other coverage types. Many BOP policies are industry-specific. So, you can probably find one that's ideal for your small or midsize business. BOPs are package policies, meaning they are built for businesses with similar risks. Customize your BOP insurance to make sure you're only paying for the protection you need. Do this early to protect against damages when your business opens its doors.

Who Needs A Business Owner’s Policy?

Your business may benefit from a BOP if the following conditions apply:
  • You have a physical location. Where you conduct business doesn't matter. If you have business assets, BOP coverage can help. This includes businesses run from home, a rented space, garage or store.
  • You could get sued. For instance, a customer is injured by a slip-and-fall accident at your store. Without adequate business owner’s insurance, you would have to cover the customer’s medical bills.
  • You have physical assets that could be stolen. Your business may have cash, digital assets, equipment, customer data, furniture or inventory. With BOP Insurance, you don't have to worry about the money to replace these items if they are stolen or damaged.
Buying a BOP policy makes sense for a lot of business owners. It simplifies coverage for property and business liability insurance by combining them.

What Is Covered Ny BOP Insurance?

Business Owner’s Policies help you save money on broad coverage that can include:
  • Fire
  • Lawsuits
  • Loss of income
  • Theft
Ask your insurance agent which BOP policy options are most relevant, and how to save money by bundling coverage. It's a convenient choice for SMBs who need several policy types. You can tailor your BOP with additional policies, such as:
  • Professional liability
  • Off-premises utility services
  • Data breach
Discuss your BOP insurance options and concerns with an experienced insurance agent.
Posted 3:33 PM

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2019
  • 2018
  • 2015


View Mobile Version
Facebook
Twitter
LinkedIn
Google+

- Trusted Partners Of -

ProSight Specialty Insurance
Berkley Select
© Copyright. All rights reserved.
Powered by Insurance Website Builder