What does a business owners policy cover?

Business-owners policies (BOP’s) are a packaged version of commercial insurance usually purchased by small businesses.  Many small businesses share similar risks and liabilities and a BOP may be the easiest way to provide protection for them.  What does a Business-owners policy include?

• Liability Protection – This provides coverage for your company for any harm you may cause to someone.  This could mean something you or an employee does directly to someone as well as harm caused by mistakes on your company’s part (bad repair or installation, bad parts or product, etc..). 
• Property Insurance – This provides coverage for your office building and the contents in it.  This could be your desks, computers, furniture, etc.
• Business Interruption – This provides coverage for the loss of income after a fire or other catastrophe that stops your business from running.  It can help pay your lease as well as pay the expenses of working out of a temporary place while your normal location is repaired.

If you are a small business owner you should call your agent and talk to them about the coverages you need to protect your company.

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