How to Protect Your Business with a Business Owner’s Policy (BOP)
Running a small business comes with inherent risks, but there’s a way to protect your assets, employees, and operations with a Business Owner’s Policy (BOP). A BOP bundles several essential coverages into one package to help reduce your overall insurance costs. In this post, we’ll explain what a BOP is and why it’s the right choice for many small business owners.
1. What is a Business Owner’s Policy?
A Business Owner’s Policy (BOP) is an all-in-one insurance package that typically includes:
- General liability insurance (protection against third-party bodily injury or property damage claims)
- Property insurance (coverage for your business property, including equipment, inventory, and physical assets)
- Business interruption insurance (covers loss of income if your business operations are disrupted by a covered event like a fire)
2. Why Should You Consider a BOP?
A BOP is an affordable way to bundle coverage, making it a convenient choice for small businesses. By purchasing a BOP, you can save money and ensure that your business is protected against common risks like theft, property damage, and liability claims.3. What’s Not Covered in a BOP? While a BOP covers many essential risks, there are exclusions, such as:
- Professional liability claims (this requires separate coverage)
- Employee injuries (covered under workers' compensation)
- Vehicle accidents (covered by business auto insurance)
If you're looking for a cost-effective way to protect your small business from the most common risks, a Business Owner’s Policy could be the solution. To see if a BOP is right for you, contact us today for a free insurance consultation.
Get a quote for your Business Owner’s Policy today and protect your business from unforeseen risks!
