Navigating the world of business insurance can be daunting for small to medium-sized business owners. One of the most practical and comprehensive solutions available is a business owners policy (BOP). This policy bundles essential coverages into a single, convenient package, offering protection against various risks that businesses commonly face. Understanding the basics of a BOP can help you make informed decisions to ensure your business is well-protected.

What Does a BOP Cover?

The following are the basics of what a BOP typically includes:

• Property insurance—This component can help financially cover the physical assets of your business, such as buildings, equipment, inventory and furniture.

• General liability insurance—General liability insurance is crucial for financially protecting your business from legal claims. It can help cover bodily injury, property damage, or personal and advertising injury claims.

• Business interruption insurance—This coverage helps your business recover lost income and pay for operating expenses if you must temporarily close due to a covered event, such as a fire or weather event. It can help cover the income you would have earned if your business was operational and operating expenses, such as rent, payroll and other ongoing expenses.

• Additional coverage—Depending on your business needs, you can customize your BOP with additional coverage.

Benefits of a BOP

A BOP simplifies the insurance process by bundling essential coverages into one policy, often at a lower premium than purchasing each coverage separately. It provides peace of mind, knowing that your business is financially protected against a variety of risks.

Learn More

Contact Sanguinetti & Co. Insurance Brokers to determine if a BOP is right for your business.