Business Owners Policy (bop)
As a business owner, you strive to make decisions that are right for your business, your employees and yourself. This includes decisions about business insurance. This brings you across a business owners policy (BOP) and thinking how is a BOP different than general liability policy?
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What is Business Owners Policy?
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The Business Owners Policy (BOP) combines various coverages - such as property, liability & business interruption coverage into a bundle.
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Commercial Property Insurance - Covers property losses from common perils. Also providing coverage for computers, furniture, office equipment, machinery, inventory and raw materials.
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General Liability Insurance - Covers the business legal responsibility for harming or inflicting bodily injury or property damage to someone or property resulting from your business' operations, up to the policy limits.
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Business Interruption Insurance - Reimburses your business for loss of income when a covered peril (disaster) interrupts your business' successful operations.
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Additional Coverages A Business Owners Policy May Include:
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Crime Insurance
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Equipment Breakdown
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Employment Practices Liability
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Debris Removal
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Tools & Equipment
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Valuable Records Protection & Accounts Receivable
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What Coverages Are Not Included In A Business Owners Policy?
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Comprehensive Cyber Liability Coverage
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Professional Liability Insurance
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Workers' Compensation Insurance
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What Type of Businesses Benefit From A Business Owners Policy?
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This coverage casts a wide net of coverages and are good for small to medium size businesses. Typically by bundling the coverage, this reduces the cost versus purchasing each coverage with separate policies.
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A Few Industries That Business Owners Policies Typically Are A Good Fit:
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Retail
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Professional Services
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Medical Offices
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Technology
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Manufacturers
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Beauty Salon / Barber Shops
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Florists
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Whether you are a home-based business, small service provider or contractor we are here to help you.
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For Questions & Help With Your Business Insurance Needs
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Contact us:
(833) 672-2467
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