Are you a small or medium sized business owner? Do you wake up in cold sweats thinking about how you’ll cover your business’ liabilities? Well sweat no more, fearless entrepreneur. We offer package policies to cover your general liability (and even some property, too!) so you can focus on growing your business.
What is Business Owners Policy?
Business Owners Policy (BOP) is enhanced insurance that combines general liability insurance and property insurance.
General Liability policies do not provide coverage for losses to your own property. In order to protect your own property (buildings, business personal property/contents), a business owner should purchase a BOP policy.
What Does a Business Owners Policy Cover?
- General liability insurance which protects your business from another person or business’ claims of bodily injury, associated medical costs and damage to their property.
- Property liability insurance - your business furniture and equipment at up to five different office locations, which includes accidental damage.
You should consider a business owners policy if you:
- Need general liability insurance coverage.
- Have business equipment such as computers, printers and furniture.
- Own the building at which you work and need to insure the property.
- Own and work with large amounts of data on a regular basis.
- Have employees who could act dishonestly or steal clients' property.
Customize your Business Owner Policy (BOP)
Depending upon the specific needs of your business, you can customize your BOP policy by choosing options such as:
- Office insurance for fire and business interruption
- Electronic data loss insurance
- Hired or non-owned vehicle liability insurance
- Commercial crime insurance to cover the dishonesty of your employees
What Business Owners Policy (BOP) does NOT Cover
To get professional services you can choose to buy a professional liability insurance policy in addition to Business Owners Policy.
- Certain claims, including those arising from professional services you perform.
- Client damages if you provide inaccurate or incomplete advice to a client.