A Business Owner’s Policy (BOP) is insurance that typically combines both business property and general liability insurance into one in order to protect businesses from risks such as fires or theft. Coverage may be sold into one policy or package or can be sold individually. A business can add to the basic policy to and customize a policy to tailor their needs of the company. It is a safe way to protect your business from the unexpected, especially if you own property.
What BOP Typically Covers:
General Liability-protects a business from a person claiming bodily injury from your business.
Property-Liability - protects your business from property damage. This will cover all equipment and furniture in the business and is good for up to 5 office locations.
Business Income/Interruption Insurance- protects your business from income loss due to unexpected interruption of operations such as a fire.
Additional Coverage You Can Add:
- Cyber Insurance
What Is Not Covered:
- Professional Liability
- Workers’ Compensation