A Business Owners Package policy, commonly known as a “BOP,” can be a smart investment for small business owners. It provides a bundle of insurance coverages that most businesses need, including property insurance for your building and contents, liability insurance for your business operations and products, and business income and extra expense protection. While BOP policies are not standardized and can vary from insurer to insurer, they offer a convenient way to purchase important coverages in a single package.
It’s important to note that BOP policies don’t include all the coverages a small business may need, such as workers’ compensation, professional liability, or business vehicle coverage. However, they do provide a good starting point for protecting your business. Contact us to learn more about Business Owners Package policies and how they can benefit your small business.