Business Owners Policy
A Business Owner's Policy (BOP) is a package of insurance coverages specifically designed for small businesses. It can help with property damage, injuries to non-employees, legal fees, business interruptions, advertising mistakes, and inventory replacement. The goal is to provide financial support and protection for your business in case any of these situations occur.
A Business Owner’s Policy (BOP) is a combination of general liability and commercial property insurance that helps small businesses protect against unexpected expenses related to property damage, medical payments, and lawsuits. It covers businesses with physical locations, equipment or inventory, and interactions with customers and the public. The cost of a BOP varies depending on the business's industry, location, and risks. A BOP covers all the items and general liability risks covered by commercial property insurance, as well as damage to other people's property, injuries to customers or vendors, and legal fees. Additional coverage can be added to a BOP, such as workers' compensation, commercial auto and other coverages and enhancements. A BOP provides the same amount of protection as a standalone general liability policy, with the added benefit of coverage for goods, gear, inventory, and the physical building.
Our BOP policy also includes an enhancement for Tools and Equipment Coverage
Tools & Equipment insurance is a type of insurance that provides coverage for tools and equipment used in various professions such as construction, plumbing, and cleaning businesses, among others. This insurance helps to pay for the replacement or repair of stolen, lost or damaged tools and equipment. It covers equipment owned by the insured, employee tools and clothing, and even borrowed equipment under the Select Pro or Pro Plus coverage. This insurance is important because it protects the insured from having to pay out of pocket for the replacement or repair of their essential gear.