Businessowners' Policy

What is a Businessowners' Policy (BOP)?

A Businessowners' Policy, commonly known as BOP, is a type of insurance policy designed for small and medium-sized businesses. It combines several types of coverages, including property, liability, and business interruption insurance, into a single policy. This can be a cost-effective solution for businesses that need multiple types of insurance coverage, as a BOP typically comes with a lower premium than purchasing each type of coverage separately.

The coverage offered by a BOP can vary depending on the insurer and the specific policy, but it generally provides protection for property damage, bodily injury, and other liabilities that a business may face.

What does a Businessowners' Policy cover?

A Businessowners Policy combines several different types of coverage into one policy. The types of coverage included in a BOP can vary depending on the needs of the business, but they typically include:

• Expenses resulting from physical loss or damage to a business’s buildings and contents
• Loss of income resulting from an insured risk that disrupts the operation of the business
• Losses due to another party for bodily injury, property damage, or personal/advertising injury

By bundling these types of coverage together, businesses can save money on premiums and reduce the hassle of managing multiple policies. Additionally, a BOP can provide peace of mind by knowing that all of the essential coverage needs of the business are taken care of.

What Businesses can benefit from BOP insurance?

A Businessowners' Policy, or BOP, is designed for small and medium-sized businesses that need multiple types of insurance coverage. It can be a cost-effective solution for businesses that would otherwise need to purchase separate policies for property, liability, and business interruption insurance.

Some types of businesses that may benefit from a BOP include:

• Retail Stores
• Restaurants
• Small Offices
• Professional Services - i.e. Accountants or Consultants

The specific types of businesses that can benefit from a BOP can vary depending on the insurer and the specific policy, so it's important to consult with an insurance agent to determine if a BOP is right for your business.

What additional coverages can supplement a Businessowners' Policy?

Additional coverages, also known as coverage enhancements, can also be added to the policy, including

Contact an insurance agent for more information

Consider purchasing a Businessowners' Policy if you own a small business. Contact us for an insurance agent in your area.