What is a Business Owners Policy?

You’ve worked hard to start and grow your business and know insurance can protect all your hard work. The problem is: comprehensive coverage requires a multitude of different policies — unless you purchase a Business Owners Policy.

Think of all the things that make up your business. Your building, equipment, tools, inventory, employees, and reputation are all vital to the success of your business. As a responsible business owner, you want to protect its assets.

However, adequately insuring and protecting your business can be a challenge — or downright daunting.

Unless you opt for a Business Owners Policy.

A business owners policy, or BOP, is a comprehensive insurance policy that combines general liability insurance with coverage for your building and contents — and then some.

In other words, business owners insurance provides you with all the coverage you need in a single easily-managed policy with one premium to pay.

Even better, because you’re bundling multiple types of coverage together, you’ll typically pay less for a business owners policy than if you purchased each bit of coverage separately. Win/win!

Business owners policies are designed to be custom-tailored to meet the unique needs of your business. In addition to choosing the type of coverage you want and need, you can add optional endorsements to extend your policy’s coverage to protect against a broader range of risks and perils.

Business owners policies are ideal for small-to-medium businesses (including home businesses) that want comprehensive business insurance packaged into a single policy tailored to their specific needs.

Not only does business owners insurance cover general liability requirements, but it also helps to bridge the gap to protect against other risks that threaten your business.