Business Owners Policy (BOP)

• Commercial general liability: Protects your business against property damage or bodily injury claims made by a third party.
• Property damage: Covers loss of or damage to your physical property, including your office space, and often the inventory inside it, against things like fires, storms, vandalism, etc. Coverage often extends to permanent changes you make to the interior of a building as well, such as installing light fixtures.
• Business income: A part of property insurance, this aspect covers the financial loss suffered while a business is closed due to fire damage or other covered disasters.

Once the standard coverages needed by business owners across the board are taken care of, your business still needs additional protection tailored to your unique niche. The following are just a few examples of additional separate coverages that supplement a BOP:

• Hired and non-owned auto liability: If your employees drive their personal cars to perform company operations but you don’t have company vehicles, you might need this coverage.
• Crime coverage: Covers losses due to criminal activity such as theft or fraud. Coverage even applies to employees who steal from the company.
• Employee dishonesty coverage: Covers harm to the business caused by employees with questionable motives.
• Boiler & machinery coverage: Also known as "equipment insurance," this coverage applies to electric equipment in the building (e.g., AC units and boilers) that breaks down due to power surges, etc. Property insurance may cover these disasters, but not always.
• Glass breakage coverage: Covers the glass windowpane of your business’s storefront, where applicable, from incidents like vandalism and car crashes.
• Professional liability insurance: Covers liability resulting from professional advice and/or services.

The more complex the business, the more types of coverage it’s likely to require in a business owner's policy. Working together with our agent is the best way to ensure that your business has every aspect covered against all potential risks. Call us or fill out our form today. We are here to help.