What is a Business Owners Policy?

What is a Business Owners Policy?

Business Owners Policy (BOP)

A business owners policy (BOP) combines general liability insurance and Property insurance in a single commercial insurance policy. BOPs offer great small business insurance coverage at very competitive premiums. They generally offer a broad group of coverages, some which are designed for specific industries.

Commercial General Liability Insurance - CGL

The general liability insurance coverage of a BOP is comparable to a typical Commercial General Liability (CGL) policy, providing protection against claims of bodily injury or property damage for which your business may be liable. Unfortunately for business owners, the chances of being sued have increased significantly in the last few years. Protecting yourself, your business, and all that you have worked to achieve is crucial.

The Property insurance portion of a general liability and property package policy may also cover other people's personal property to the extent that the business owner is legally liable for the damage.

Along with your commercial general liability quote, you have the option to add coverage for your business property, damage to rented premises, valued papers, computer and software coverage, and hired/non-owned autos.

We strongly recommend adding the business owners package.

If you have any questions, please feel free to call us to go over things.

** This information provided here is a general description of a business owners policy. Please review the policy form for specifics and exclusions. Coverages may vary.