Business Insurance Online – Business Owner Package

A business owner’s policy (BOP) is a package policy combining property and liability insurance into a single insurance policy. BOP offers coverage of bodily injury and property damage and is often a good choice for small and medium-sized businesses, such as restaurants, wholesalers or retail shops. Business Insurance Online is the most simple and economical method of buying a business package policy.

Get your free business owner’s policy quote, learn more about business insurance online, and see how simple it is to create a plan that works for your business.

What does BOP insurance cover?

The 2 main coverages provided in a BOP are liability and property coverages.

Liability

• Product-related claims
• Customer injury
• Advertising injury

Property

• Commercial buildings
• Movable property
• Debris Removal
• Loss of income and pollution cleanup as part of a covered loss
• Policy endorsements that can extend coverage to cover exclusions

Business owner policy examples

• Bodily injury or property damage liability (e.g., you spill water on a client’s computer causing damage)
• Defense costs for covered liability losses (e.g., libel and slander)
• Protection for business furniture and equipment (e.g., chairs, desks, and computers)

Managing your policy is easy.

Managing your business is hard enough. That’s why we’ve made it easy to keep up to date with your business owner’s policy. We’re here to help you make any necessary updates, because we know your business may change.

Who needs a business owner’s policy?

Insurance for business owners may be beneficial for you if:

You have a building or property to protect. For example, your business’ building or property is destroyed due to a covered loss, like a fire or theft. A BOP could help pay to repair or replace an owned building. It could also help replace destroyed personal business property, up to the limits you pick.

You want to protect your investments. For example, you get an email from a client, but you open it to discover that it contains a virus. BOP insurance could help pay for restoring data due to harmful code that damages or destroys any part of your company’s computer system.

You own a small business such as:

• Finance, Insurance, Real Estate
• Health, Dental, Medical Offices, Counseling
• Lessors – Commercial Landlords
• Personal Services – Advertising, Barber, Beauty, Church, Nail Salon
• Professional Services
• Restaurant Insurance
• Retail store & services

Still have questions? We’re here to help you. Still aren’t sure if a BOP is right for your business? Feel free to contact us.

What may impact the cost of a business owner’s policy?

• High exposure to risk
• Claims history
• High coverage requirements
• Type of profession