Business Owner’s Package (BOP) Insurance
Get all your business insurance needs covered under one Business Owner's Package insurance policy. We'll get your business completely covered in the most affordable way.
What is a Business Owner’s Package Insurance Policy?
A business owner’s policy combines all required coverages a business owner needs in one package. BOPs will often include business interruption insurance, property insurance, vehicle coverage, liability insurance, and crime insurance. Based on your company’s needs, you can alter what is included in a BOP.
A business owner will typically save money by choosing a BOP because the bundle of services often costs less than the total cost of all the individual coverages.
What is Covered Under a BOP Policy?
BOPs typically include:
1. Property insurance for buildings and contents owned by the company. There are two different forms, standard and special, which provide more comprehensive coverage.
2. Business interruption insurance that covers 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 from a temporary location.
3. Liability protection to cover your company’s legal responsibility for harm caused to others. This includes harm as a result of things that you and your employees do or fail to do while operating your business that cause bodily injury or property damage due to defective products, faulty installations, and errors in services provided.
In most cases, BOPs do not cover professional liability, auto insurance, worker’s compensation, or health and disability insurance. You will need separate insurance policies to cover professional services, vehicles, and employees.
Contact us to learn more about the right Business Owners’ Package policy for your business
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