Property and liability coverage in one convenient package is a perk of a company owner's policy. The premium is often less than if the two coverages were purchased separately, making it more affordable for small and medium-sized firms.
You may tailor a BOP to the requirements of your company. You may tailor a plan according to your business's requirements with the assistance of insurance experts. The main categories of protection provided by this policy are:
- Having property insurance protects you financially in the case of damage to your home or business. Events like fire, wind damage, smoke damage, vandalism, and explosions are typical examples of what the insurance covers. Whether you own or rent, this coverage will protect your building in an accident. All property on the premises, whether owned by the company or rented or leased, is protected.
- To protect yourself from lawsuits filed by visitors hurt on your property, consider purchasing “Premises Liability” insurance.
- Investing in a BOP Policy is a sensible and hassle-free choice. Coverage for both commercial property and liability is included, making it easier to meet legal requirements. These are two essential protections rolled into one convenient package.
Our Business Owner's Policy (BOP) provides companies with affordable protection against a wide range of risks, such as:
- Fire Theft Lawsuits
- Income decline
Our BOP coverage is more cost-effective than purchasing individual insurance for your company's property and liabilities. The flexibility to tack on additional protections makes this commercial insurance an even better and more convenient option for company owners. For more specialized protection, businesses may supplement their BOP with policies like:
- Utility service revenue earned off-site for commercial use
- Expertise in data breaches
