Theft: Can My BOP Insurance Can Cover Me?

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.

Property Theft Coverage
A property theft coverage is a type of insurance policy that covers the cost of repairs or replacement if your property is stolen. If you're renting, this is an affordable way to ensure that  you protect your office. More so, this coverage also comes in handy for people who own businesses and might worry about stolen items.
 
Employee Theft Coverage
Employee Theft Coverage is an insurance policy that covers the cost of replacing or repairing the stolen property. You can use it to protect both your company and your employees from the consequences of theft. 

It's a smart idea to purchase this coverage and use it to remind yourself to take additional security precautions like keeping up-to-date records and inventory.

Optional Coverages
Theft coverage is available to protect your property from theft. If you're worried about someone stealing your belongings, this type of coverage can help prevent losses. However, it will not replace other insurance policies like the BOP, which are required by law.

Commercial Auto Insurance
Commercial auto insurance covers business-related vehicles, such as cars and trucks. With commercial auto insurance, you can protect your business from the financial risks associated with auto accidents and theft.
 
Inland Marine Insurance
Inland marine insurance is the type of insurance policy that covers losses from inland waterways, such as rivers, canals, and navigable lakes. It protects the insured against physical damages or damages to property, cargo, or personal injury.

It can also cover pollution or contamination of your property which might have been caused by items you are carrying on your vessel.

Lesson From This
Business owners can prevent theft by investing in safety practices and anti-theft systems for their business. It includes the vehicles and locations you use to provide services, as well as appropriate security measures for your employees. 

Review your business' BOP to make sure it includes theft coverage.

At Robinsons Insurance Agency LLC, we do our best to ensure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (888) 254-7350 or Click Here to request a free quote.