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.
You can provide a BOP quote to your client by using the RPS e-Commerce platform. We’ve made it easy for you to get a quote and bind coverage for diverse industry niches online. You’ll be able to instantly download quotes from top-rated carriers with multiple limit options and coverage endorsements. And when you’re ready to bind the coverage, it's as easy as pushing a button; no further underwriter review is required.
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.
In addition to providing a BOP to your clients, you can also offer Flood Insurance, which is also available for rating/quoting and binding on the RPS e-Commerce platform. Cover the business’ building as well its contents in the event of a loss.
Our goal is to facilitate the responsiveness our broker partners are able to offer clients by streamlining the rate/quote/binding process by leveraging the latest in technology and putting our expertise to work. In this competitive marketplace, it’s critical that you’re able to provide on-demand response to both your insureds and potential clients.