For many businesses a Business Owners Policy (BOP) makes sense. You’re able to offer insurance coverage to protect a company’s assets from the costs that come with damage due to fire, theft, vandalism, storm and other perils, as well as from liability incidents involving an injury to someone or damage to his or her property.
The BOP bundles essential commercial lines coverages in a single policy. Commercial Property insurance, Commercial General Liability insurance and other critical coverages, such as Business Interruption, Equipment Breakdown, and Building Contents and the Personal Property of Others, are available. Options for further coverage may include protection for improvements the business has made to a space it leases, outdoor signage or other items, employee crime, money and securities, specialty equipment and special liability risks it faces, such as food-borne illness, product recall, liquor liability and others. It all depends on the business sector and its unique exposures.
Our BOP product helps protect small business owners with up to $10M in revenue, in more than 500 business classes, including clubs and associations, cultural institutions, financial services, healthcare, retail estate, retail stores, service businesses, technology and wholesale businesses.