BUSINESS OWNERS POLICY
Complete Coverage For Your Business
A business owner’s policy (BOP) combines property and liability insurance by packaging these coverages into a single insurance policy. This type of packaged business insurance is often a good choice for small businesses and medium-sized businesses, such as restaurants or retail shops.
What is business owner's policy (BOP) insurance?
A business owner’s policy (BOP) combines property and liability insurance by packaging these coverages into a single insurance policy. This type of packaged business insurance is often a good choice for small businesses and medium-sized businesses, such as restaurants or retail shops.
What does BOP insurance cover?
The 2 main coverages provided in a BOP are liability and property coverages. Some examples are:
Bodily injury or property damage liability (e.g., you spill water on a client’s computer causing damage)
Defense costs for covered liability losses (e.g., libel and slander)
Protection for business furniture and equipment (e.g., chairs, desks, and computers)
Who needs a business owner's policy?
The following businesses frequently purchase business owner’s policy (BOP) insurance:
Salons or Barber/Beautician
Offices
Professional consultants
Consumer services
Apartment buildings
Restaurants
Technology consultants and solution providers
Florist
Retail stores