The Business Owners Policy (BOP) is similar to a homeowner’s insurance policy in that it is a package policy providing protection for property and liability risks in one policy. This is a good option for small to medium sized business due to the reduced premium as well as the simplicity of the combined policy when compared to the multiple other commercial policies needed to cover your insurance needs.
This policy can be tailored to fit your company’s individual needs. Along with the basic coverage for property and liability, you can add many of the following coverage options and more:
- Business Interruption Insurance
- Products and completed operations
- Liability for harm done by employees