Business Owners Policy (BOP) in St. Louis MO and Columbia IL
Combined Coverage for Special Advantages.
As a small business owner, you should have protections for any liabilities that could negatively impact your organization. Although being properly insured comes with a cost, the financial risk of forgoing coverage is even greater. Your small business may be eligible for a business owner’s policy (BOP), a combination of three essential commercial coverages that can help your business meet its insurance needs more cost-effectively than purchasing each policy separately.
What Is BOP Insurance Policy?
A business owners policy (BOP) combines business property, general liability and business interruption insurance into one policy. A BOP can be customized to fit the specific needs of a business, and small- and medium-sized businesses in relatively low-risk industries may qualify for them.
What Does BOP Insurance Cover?
A BOP typically includes the following three types of insurance:
1. General liability insurance
can help cover a company’s legal liability after accidental third-party property damage or bodily injury.
2. Business property insurance
may help cover replacing or repairing company property after a covered incident.
3. Business interruption insurance
can help cover regular bills if a company must temporarily close to allow for repairs after a covered event.
What Is Included in a BOP?
Depending on the specific needs of your business you can add on coverages such as the following:
- Commercial auto insurance
- Workers’ compensation insurance
- Medical malpractice insurance
- Cyber liability insurance
- Commercial crime insurance
- Professional liability insurance
- Flood insurance
- Earthquake insurance
- Employment practices liability insurance
A qualified insurance provider can help assess your business’ risks when determining what should be included in your policy.
BOP Quote in St. Louis, MO
If you want a business insurance policy quote, contact Crawford-Butz & Associates Insurance Agency. We can help determine if a BOP is right for your small- or medium-sized business.