Robinsons Insurance Agency Blog
A business owner's policy combines property insurance and liability coverage into one convenient package. It should provide small businesses with less expensive protection than purchasing those coverages separately. It is a standardized policy typically available for fewer than 100 employees.
While BOPs cover a wide range of risks for your company, you don't have to worry about purchasing something you don't require. This insurance may be adjusted to meet your company's specific needs, with extra coverage for risks like cyber liability, equipment malfunction, personal and advertising harm, and more.
The Need For A BOP Insurance
Because it is expressly created for freelancers and small company owners, a Business Owners Policy (BOP) is a popular choice among entrepreneurs.
It's a popular choice among entrepreneurs as it is expressly created for freelancers and small company owners.
From fire and theft to property damage and litigation, your BOP has you covered. Let's look at BOP and when and why they are useful.
Natural disasters can cause a lot of damage to your business. It doesn't matter if you are inside or outside of your building. You could still be affected. You want to make sure that you are covered in case something happens to your business.
With BOP Insurance, you can protect your business in one policy. The policy covers damages from fire, smoke, theft, explosion, windstorm or hail, water damage, vandalism, and more.
Pet care professionals are at risk of unique liability claims. The general liability insurance in a BOP covers claims for dog bites, animal attacks, and other accidents involving pets. A pet-related business can be sued for negligence even when the owner is not at fault.
A BOP covers the cost of defending against such claims, as well as property damage and bodily injury costs.
When your business' money and property are stolen, you often have to pay for replacing that money and property out of pocket. You want to make sure that if the worst happens and you are faced with a theft claim, you'll be covered.
Theft insurance can help protect your business from theft claims. This coverage can help reimburse you for losses caused by theft or robbery.