It’s not easy to run a business, let alone start one. It takes a lot of time, effort and money to get that start-up going. Therefore, you need to make sure that you take the time to protect it. After all, disaster – criminal activity or natural – can occur at any time and without a second of warning. If you have a BOP, then you’ll be prepared and your business will be protected against various losses.
What is a BOP?
A business owner’s policy, or a BOP, is a policy package that is perfect for start-up and new businesses. It’s a small package, but it’s one that packs a lot of punch. You have several types of coverage, but you only pay a single premium rather than several different premiums for separate policies.
What Does a BOP Include?
A BOP includes property and liability coverage. It will help pay for any damage that occurs to physical assets of your business as well as damage to the property itself. This policy will also help with expenses for any third-party injuries that occur on premises.
Other Types of Coverage You May Need
Additional coverages may also be available, such as cyber liability, data breach, loss of income and equipment breakdown. If necessary, you’ll need to purchase workers’ compensation and commercial auto insurance separately.
A business owner’s policy, or BOP, is often the best possible option for business owners who are just getting started. However, before you make a final decision, you should definitely give us a call and speak to one of our independent insurance agents about your coverage options and business needs. You can call our agency to get quotes or to receive more information about business insurance for your business in Lafayette, Colorado 80026.