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Business Owners Policy

Business Owners Policy

What is a business owners policy?

A business owner’s policy, also commonly referred to as a BOP is a packaged product with the core coverages that most businesses need. Rather than going with the complexity of an a la carte commercial package policy, small businesses can benefit from this product that’s bundled and ready to go.

What does a business owner’s policy typically include?

Business owner’s policies vary from company to company and industry to industry, but at the core of a BOP, you get the following coverages:

Commercial Property

This section provides coverage for property your business owns or leases including buildings, furniture, fixtures, equipment, and inventory. It can also include coverage for accounts receivable, as well as valuable papers and records.

 

General Liability

The general liability portion of a BOP provides coverage for property damage and bodily injury caused by you or an employee during the course of doing business.

 

Business Income

When unexpected events cause a disruption to your business, or necessitate ceasing operations all together, business income coverage helps provide for loss of income, payroll, and other ongoing financial obligations such as a mortgage or rent.

Are you a good fit for a business owner’s policy?

The best way to find out is to give us a call at 248-427-9400. Our network of carriers offer a variety of BOP options with revenue limits between $3M and $15M depending on your business type.

What is a business owners policy?

A business owner’s policy, also commonly referred to as a BOP is a packaged product with the core coverages that most businesses need. Rather than going with the complexity of an a la carte commercial package policy, small businesses can benefit from this product that’s bundled and ready to go.

What does a business owner’s policy typically include?

Business owner’s policies vary from company to company and industry to industry, but at the core of a BOP, you get the following coverages:

Commercial Property

This section provides coverage for property your business owns or leases including buildings, furniture, fixtures, equipment, and inventory. It can also include coverage for accounts receivable, as well as valuable papers and records.

 

General Liability

The general liability portion of a BOP provides coverage for property damage and bodily injury caused by you or an employee during the course of doing business.

 

Business Income

When unexpected events cause a disruption to your business, or necessitate ceasing operations all together, business income coverage helps provide for loss of income, payroll, and other ongoing financial obligations such as a mortgage or rent.

Are you a good fit for a business owner’s policy?

The best way to find out is to give us a call at 248-427-9400. Our network of carriers offer a variety of BOP options with revenue limits between $3M and $15M depending on your business type.

Ready to change how you see insurance?

Get in Touch, or start a quote.