A business owner package or BOP policy is designed to offer businesses most of the insurance coverage they need in one convenient product by combining liability and property coverages together. This provides not only cost savings to the client but also coverage enhancements above a standard commercial package policy. For example, BOP policies include business interruption insurance on an actual loss sustained basis. This is a coverage that, when purchased separately on a standard commercial package policy, is sometimes too costly for businesses.

The insurance industry originally created the BOP policy to meet the needs of smaller businesses. However, in recent years this policy has expanded its reach to now include medium to large businesses. To see if your business qualifies for a BOP, please contact our office today. You’ll be pleasantly surprised at the cost savings and coverage offerings.

The Convenience of BOP Insurance

A BOP provides the core insurance that most small businesses need all in one single package. This includes:

• Property Insurance - Protection for your building or office space, as well as property owned by your business, such as equipment and inventory.
• Liability Insurance - Coverage for costs that arise if someone is injured at your business or by using your products or services.
• Business Interruption Insurance - Also known as business income insurance, this coverage replaces lost revenues in the event that your business has to shut down due to fire, wind damage or other covered losses.

To see if a business owner package is right for you please contact our office today at 937-388-8046!