Business Owners Policies

No one can predict when their business might be hit with a natural disaster or a lawsuit, and purchasing a business owners policy (BOP) package is a great way to protect your company. A BOP package is a type of insurance that is often purchased by small and mid-sized businesses. They’re created for businesses that generally face the same kind and degree of risk and include basic protection that all companies need.

BOP’s include:

• Property insurance for buildings and contents owned by the company. There are two different forms, standard and special, which provide more comprehensive coverage.

• Business interruption insurance, which covers the loss of income resulting from a fire or other catastrophe that disrupts the operation of the business. It can also include the extra expense of operating out of a temporary location.

• Liability protection, which covers your company's legal responsibility for the harm it may cause to others. This harm is a result of things that you and your employees do or fail to do in your business operations that may cause bodily injury or property damage due to defective products, faulty installations, and errors in services provided.

That’s a lot of protection, but some businesses with a BOP package will need certain add-on coverage, like commercial auto insurance and workers compensation. It will depend on the nature of the business.

Call us today to find out which coverage is right for your business!