Corporate Payroll Services

Business Owner Policy

What Is Business Owner’s Policy Insurance?

A Business Owner’s Policy (BOP) combines business property and business liability insurance into one policy.

What is covered under BOP Insurance?

BOP Insurance helps cover your business for claims resulting from:

  • Fire and other covered disasters
  • Theft
  • Claims which could arise from your business’s operation such as claims of bodily injury, property damage, or personal and advertising injury.

Business Insurance Policies are great for small to medium-sized businesses because they can be tailored to meet their unique needs by adding optional coverages such as:

  • Data Breach Insurance
  • Business interruption insurance which covers your business if something were to occur like a fire or power outage which caused your business to be shut down and lose income during that time
  • Employment Practices Liability Insurance (EPLI) — a type of liability insurance covering wrongful acts arising from employment. The most frequent types of claims covered under such policies include wrongful termination, discrimination, sexual harassment, and retaliation.
  • Other specialized coverages

Who would benefit from BOP Insurance?

You should consider a business owner’s insurance policy if:

  • your business has a physical location
  • there is a possibility of a claim being filed against your company
  • you have assets which can be damaged or stolen

Purchasing Business Owner’s Policy Insurance is a smart and convenient decision, not only because it simplifies coverage needs by including business property and business liability insurance under one umbrella, but a BOP is more cost-effective as bundling these two will save you more money than purchasing them separately.

Contact us today to see if a Business Owner’s Policy is right for you.