A Business Owners Policy (BOP) combines business property and business liability insurance into one convenient policy. A BOP helps cover your business from claims resulting from things like fire, theft or another covered disaster and from claims involving bodily injury, property damage and personal and advertising injury that could arise from your business’ operations.
Businesses can tailor a Business Owner’s Policy (BOP) to help meet their unique needs by adding optional coverages like data breach, business income for off-premises utility services and other specialized coverages to their BOP.
Who needs a Business Owner’s Policy?
You should consider a business owner’s policy if:
- Your business has a physical location, whether it’s out of your home or a rented or owned office, store or other work place.
- There’s a possibility of you being sued – for example, by a customer who was injured at your work place.
- You have assets that could be stolen or damaged – whether they’re digital assets, customer data, equipment, furniture, cash or inventory.
What’s the advantage of a Business Owner’s Policy?
Purchasing a BOP is smart and convenient. It simplifies coverage needs by including business property and business liability, two important coverages that most businesses need, in one policy. Compared to purchasing separate policies for business property and business liability. It’s an even smarter and more convenient choice because other important coverages can be added to it. Businesses with specific needs can tailor their business owner’s policy by adding additional coverages like business income for off-premises utility services, data breach and more, to suit the particular needs of their company.
Get started today!
Our staff has been serving the Missouri, Kansas and Illinois markets for years and can find you the best policies based on the size of your business, the number of employees and the type of work you perform. Call us today at 636.391.0700, email us at kathy.hebree@oberle-risk.com, or click here to get started on a free quote.
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