A BOP is a Business Owners Policy. It is typical for businesses to have a BOP as it offers protection from property and liability risks in one package. It provides business owners with one bundle policy, and is general sold at a premium less than the total cost of purchasing individual coverages. The best thing about BOP coverage is that it is customized to fit your business; a contractor does not need the same coverage than a law firm needs, but both more than likely have a BOP.
A typical policy will often include:
• Property insurance
• Business interruption coverage
• Crime insurance
• Vehicle coverage
• Liability insurance
Depending on the risks of your business, you may need to add other coverages; additional components can be added to suit your business. For additional information about business owner policies, please contact an agent today.
Have a terrific Tuesday!
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