Ensure all your business insurance requirements are met with our comprehensive Business Owner’s Package Insurance policy. We’ll secure coverage for your business in the most cost-effective manner possible.
What is a Business Owner’s Package Insurance Policy?
A Business Owner’s Package (BOP) policy consolidates all the essential coverages a business owner requires. Typically, BOPs encompass business interruption insurance, property insurance, vehicle coverage, liability insurance, and crime insurance. Depending on your company’s specific needs, you can customize the inclusions in a BOP.
Opting for a BOP often translates to cost savings for a business owner, as the bundled services generally come at a lower total cost compared to individual coverages.
Coverage Highlights in a Typical BOP Policy:
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Property Insurance: Covers buildings and contents owned by the company, offering standard and special forms for more comprehensive coverage.
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Business Interruption Insurance: Addresses income loss resulting from a fire or other catastrophic events disrupting business operations. It may also cover additional expenses incurred while operating from a temporary location.
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Liability Protection: Safeguards your company against legal responsibility for harm caused to others. This includes injuries or property damage arising from your business operations, such as defective products, faulty installations, and errors in services provided.
It’s important to note that BOPs generally exclude coverage for professional liability, auto insurance, worker’s compensation, or health and disability insurance. Separate insurance policies are required for these aspects.
For detailed information on finding the right Business Owner’s Package Policy tailored to your business, feel free to contact us.