Business Owners insurance (also known as a Business Owners Policy or BOP) protects small to medium sized businesses from a variety of risks including accidents, property damage, loss of income, crime, and more. A BOP is designed for certain types of small-business owners, and bundles liability and property coverages together into a single policy, resulting in a lower annual premium.
Business insurance is a necessity for even the smallest company in order to protect and maintain its financial health. A Business Owners Policy is designed to offer coverage for businesses with fewer than 100 employees and less than $5 million in sales.
Business owners interested in increasing their insurance coverage limits can buy additional coverage to supplement their Business Owners Policy. A Business Umbrella Insurance policy may make a BOP even more effective.
BOPs do not cover professional liability, auto insurance, workers compensation, or health and disability insurance.
In order to qualify for a Business Owners Policy, your business must meet certain criteria. Generally speaking, a business does not qualify for a BOP if it:
The knowledgeable and experienced agents at Boizelle Insurance Partnership are happy to review your current business insurance and discuss the details of a BOP and whether it is right for you and your business. Call today to talk to one of our business insurance professionals.