A Business Owner Policy also known as a BOP is a type of commercial insurance that provides coverage for both liability and commercial property. Liability insurance and commercial property insurance can be purchased separately but it is common with a lot of small to large businesses that if you need one, a lot of the times you need the other. BOP insurance covers both in one policy, saving time and money for the insured.
What Does A Business Owner Policy Cover?
A BOP policy covers liability and commercial property. The liability portion of the Business Owner Policy covers you for things like:
- Bodily Injury – Injury on your business property, excluding you or an employee
- Property Damage – If you or an employee were to cause damage to someone else’s property while on the job
- Legal Expenses
- Medical Fees
- Rehabilitation
- Other Coverages – Certain coverages that can be added to this portion of the policy or taken away, this will be discussed when we are building your Business Owner Policy
Remember that any employees that are injured are not protected under this policy and you will need a Workers Comp Policy to be covered for employee injuries.
The commercial property coverage portion covers for things like:
- Damage to your personal business property or building by a covered peril
- Theft to your personal business property or building by a covered peril
- Vandalism to your personal business property or building by a covered peril
Note that if you want to make sure that any specifics are included, please ask us so we can make sure it is covered. Endorsements or changes may be needed to get the desired coverage.
Whether you are a small, medium, or large-sized business that has commercial property, you should get insured with a Business Owner Policy. Call Unity One Insurance to get started on your BOP insurance, 949-450-1822 or email info@unity1.com
