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?
The Business Owners Policy (BOP) combines various coverages – such as property, liability & business interruption coverage into a bundle.
Commercial Property Insurance – Covers property losses from common perils. Also providing coverage for computers, furniture, office equipment, machinery, inventory and raw materials.
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.
Business Interruption Insurance – Reimburses your business for loss of income when a covered peril (disaster) interrupts your business’ successful operations.
Crime Insurance
Equipment Breakdown
Employment Practices Liability
Debris Removal
Tools & Equipment
Valuable Records Protection & Accounts Receivable
Comprehensive Cyber Liability Coverage
Professional Liability Insurance
Workers’ Compensation Insurance
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.
A Few Industries That Business Owners Policies Typically Are A Good Fit:
Retail
Professional Services
Medical Offices
Technology
Manufacturers
Beauty Salon / Barber Shops
Florists
Whether you are a home-based business, small service
provider or contractor we are here to help you.
