Understand Business Owner Policies (BOP)
Do you carry a home insurance policy? A BOP is actually simlar. Just as your homeowners covers your home, but also your personal home contents and liability, a business owners policy provides a package deal for multiple types of insurance. It is a simpler way to buy a policy to cover a small business than if you purchased each policy.
You can tailor a BOP to your own unique business needs too. Compare that to the way you can adjust limits on a home policy to make sure you have enough coverage for personal property.
These package policies differ, but you can look for some typical coverage.
Property Insurance - This is coverage for your buildings, inventory, and equipment.
Liability / Casualty covers you against damage that was claimed by a customer.
Protect your business against theft. This could include burglaries, or even inside theft from employees.
Coverage for liability in case a customer claims damage from an injury on your property.
Vehicles - This provides coverage for business vehicles, if they are owned or rented.
While business owner policies can be custom made, you may need to buy other policies for some needs you have. You can find qualified and experienced insurers or agents who can explain your options.
Why Do Small Businesses Buy Business Owners Policies
It is just simpler to combine coverage, rather than have to keep up with several policies. Many small businesses choose to buy a package like this.
Doctors, shopowners, and printers are examples of some small business owners who favor BOP. They are also becoming popular with cottage businesses who have outgrown home policies.
Finding the Right BOP for your Small Business
You can call around to get competitive quotes, or you can find some online business insurance quote forms that can save you a lot of time and money. - 29969
Do you carry a home insurance policy? A BOP is actually simlar. Just as your homeowners covers your home, but also your personal home contents and liability, a business owners policy provides a package deal for multiple types of insurance. It is a simpler way to buy a policy to cover a small business than if you purchased each policy.
You can tailor a BOP to your own unique business needs too. Compare that to the way you can adjust limits on a home policy to make sure you have enough coverage for personal property.
These package policies differ, but you can look for some typical coverage.
Property Insurance - This is coverage for your buildings, inventory, and equipment.
Liability / Casualty covers you against damage that was claimed by a customer.
Protect your business against theft. This could include burglaries, or even inside theft from employees.
Coverage for liability in case a customer claims damage from an injury on your property.
Vehicles - This provides coverage for business vehicles, if they are owned or rented.
While business owner policies can be custom made, you may need to buy other policies for some needs you have. You can find qualified and experienced insurers or agents who can explain your options.
Why Do Small Businesses Buy Business Owners Policies
It is just simpler to combine coverage, rather than have to keep up with several policies. Many small businesses choose to buy a package like this.
Doctors, shopowners, and printers are examples of some small business owners who favor BOP. They are also becoming popular with cottage businesses who have outgrown home policies.
Finding the Right BOP for your Small Business
You can call around to get competitive quotes, or you can find some online business insurance quote forms that can save you a lot of time and money. - 29969
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