Do I Need A Business Owner’s Policy?
You’ll need this type of coverage if:
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- You rent or own a workspace. A BOP can cover your business whether it is run out of your home or an office, garage or store you rent or own.
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- You have client contracts that require you to obtain general liability insurance. Certain contracts will specify that you must have this type of protection in place to work with them.
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- There is a possibility you could get sued. If, for example, a customer were to trip and fall at your store, a BOP could pay their medical expenses as well as your legal costs.
- You have assets that could be damaged or stolen. A BOP can help you if you need to replace damaged or stolen cash, inventory, furniture, digital property and other assets that are tricky to replace.
Business Owners Policy Coverage
A Business Owners Policy (BOP) is a package that provides the most essential types of coverage that all businesses need. It is more affordable and convenient than purchasing its components separately. Here’s some of the protection you can expect with a BOP.
Commercial Property
Whether you own a building, work at home, or lease an office, your business has physical assets that need protection from threats such as storms, fires, and vandalism. Commercial property insurance can protect your equipment, furniture, building, and signs.
General Liability
One of the more worrisome aspects of owning a business is the possibility of being the subject of a lawsuit. With general liability insurance, you’ll have the peace of mind that comes from knowing that you have help covering the medical expenses, damages and attorney’s fees you are legally responsible for in a broad range of common situations.
Equipment Breakdown
An equipment breakdown can unexpectedly damage your productivity and operations. Whether it’s a mechanical issue with production equipment or a computer network that is destroyed by a power surge, equipment breakdown coverage can keep these frustrations from damaging your bottom line.
Business Income
If damage to your property or a direct physical loss due to problems such as fire, wind, or vandalism forces you to close your business temporarily, this coverage can help to pay your bills and cover your payroll until your business is back to normal.
Get In Touch With Burton & Company
A Business Owner’s Policy gives your business vital coverage for lawsuits, theft, fires and loss of income. No matter what type of business you own, we can tailor a BOP to ensure it addresses your unique risks.
Our friendly insurance professionals will guide you through the process and help you select the right coverage for your budget so you can be confident that your business will be able to stay afloat in the face of adversity. Call us at (888) 652-1325 or request a quote online to speak with one of our agents today.
