Business Owner’s Policy

A business owners policy, also known as BOP insurance, combines property insurance, liability insurance, crime coverage and additional protection into one convenient package.

What a BOP covers

Business insurance is a necessity for even the smallest company in order to protect and maintain its financial health.

Business owners insurance offers coverage for businesses with fewer than 100 employees and less than $5 million in sales. Common BOP coverage includes:

• Property insurance, which protects your building, equipment and inventory
• Business income insurance, which covers lost income if your operations are suspended because of a covered loss
• Equipment breakdown insurance, which protects you if your equipment is damaged from power surges, mechanical breakdown, burnout or operator error
• Personal and advertising injury coverage, which covers copyright infringement, libel and slander
• Bodily injury and property damage liability, which covers those instances when your employees, products or services cause harm to other people or their property
• Medical payments coverage, which covers medical expenses resulting from injury to others on property you own or rent
• Rented vehicle coverage, which provides liability coverage for autos that you lease, hire or borrow