What Is A Business Owners Policy (BOP)?

March 29, 2009
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About Small Business Owners Policies (BOP)

Note, you can quote business insurance online here!

Many small businesses can combine most of the coverage they need with an insurance product called a Business Owners Policy (BOP). This product can really simplify coverage for many small to medium sized businesses. Understand that policies will be different, and they vary by insurer and the small business’s unique needs. However, here are some standard coverage options that can be packaged in a plan.

Business Owners Policy For Small Business

  • Property claims
  • Equipment breakdown
  • Income loss
  • Professional liability claims
  • Products and completed operations claims
  • Fire legal liability claims
  • Premises liability claims
  • Examples of different types of small enterprises that can benefit from this simplified way to package coverage are many.

    • A home business that has outgrown the owner’s home insurance plan. You must be very careful of using your private homeowners insurance to cover home business property because you may not have enough “contents” coverage to replace business computers, account records, and inventory.
    • Small stores in strip shopping centers.
    • Doctor’s or Dentist’s Office often use a BOP for much of their business insurance coverage.
    • Small auto repair shops.
    • Hair salons and barbers.

    Many small business owners are very good at their jobs, and they are very dedicated to their business. But these busy people do not want to take a lot of time to think about coverage. They do like the idea of finding a coverage option that packages multiple types of insurance, but can still be customized for their unique requirements. As you know, the type of business, number of employees, size of operations, and even the location can affect requirements.

    Find Business Insurance For Your Small or Large Business

    Find a BOP for your small business the simple way. We have provide a very simple and quick form which only requres a zip code. With this you can find the most competitive business insurance companies for your needs. Then you can click through to these insurers for more information. It is that fast and simple!

    Quote Business Insurance For Small Business

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