What is a Business Owner's Package Insurance Policy?

​A business owner package (BOP) insurance policy comprises all the required coverage a business owner must have. Often, this package includes property insurance, crime insurance, business interruption insurance, and liability insurance. Depending on the particular needs of your company, you can choose to change what’s included in the package.
 
The BOP is often recommended since business owners can save money by bundling the services rather than getting coverage individually.

What's Covered with a Typical BOP Policy?

The typical BOP coverage includes the following:

• Business Interruption Insurance. This covers the loss of income due to covered events, like fire, that disrupt business operation. It also covers the additional expenses of operating at a temporary location.
• Liability Protection. This protects the legal responsibility of the company for the harm it causes others. This harm may result from neglect in the business operations, causing injury or property damage due to defective products, service errors, or faulty installations.
• Property and Contents Insurance. This coverage has two different forms: standard and special (that offers a more comprehensive coverage).

 
In general, BOPs don’t provide auto insurance, professional liability coverage, worker’s compensation, or health and disability insurance. You may need to get separate coverage for those.


Contact us to learn more about the right Business Owners' Package Policy for your business.

Contact Us About a BOP Policy:

(386) 218-4951
1810 S Volusia Ave Ste D
Orange City, FL 32763
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