Business Owners Policy Coverage

Business Owners Policy bundles general liability insurance, commercial property insurance and business interruption insurance in one package. Hence, it is similar to the way a homeowner’s policy works. But it is for small and medium businesses. Instead of paying three separate premiums for three separate types of insurance. You would pay a premium for the business owners policy. You’ve spent countless hours building and nurturing your business. Make sure it has the proper coverage. When it comes to affordable, customizable coverage. A Business Owners Policy may be the perfect fit for your small business.

Business Owners Policy

Business Owner's Policy (BOP) for Small Businesses

Business Owners Policy

Since BOP insurance is specifically for small and medium businesses. The type of business can influence eligibility. Normally, companies that have less than $5 million in annual revenue. And fewer than 100 employees are candidates for a BOP. Some types of businesses, such as restaurants. May be ineligible for a BOP because of the specific risks. Hence, they may need to consider buying individual coverage separately. It offers a standalone product and with other lines of coverage. Business Owners Policy insurance enables small business owners to protect their businesses. And their customers – with just a single policy.

Choose Business Owners Policy from Business Insurance Los Angeles

It’s important to understand that a Business Owners Policy doesn’t cover all risks associated with running a small business. And the coverage limits are usually lower. So, let us help you find protection for your business and keep your mind at ease. To get a competitive insurance quote fast and easy. Call one of our specialists at (844) 234-5600.

A Business Owners Policy generally combines the following types of coverage into one convenient bundle:

  • Commercial property insurance: Protects the building from which you operate. It can also cover belongings like furnishings, machinery and equipment, and other items. Like robbery, accidentally damaged, or damaged by weather. Hence, commercial property insurance will pay for the property’s repair or replacement.
  • General liability insurance: Injure person at a workplace is a result of your negligence. Hence, general liability coverage may help pay for their medical expenses. It also covers attorney fees and medical bills for anyone by injured the company.
Business Owners Policy
  • Business interruption insurance: It is also known for business income coverage. This coverage helps replace the lost income. And increased expenditures if your business might have to close temporarily or affected by a peril. This coverage might help you still pay those costs until you can reopen and start making money again.