A business owner’s policy, known as BOP, is a type of business insurance that can work well for many types of businesses. Most companies have assets to protect, employees to safeguard and liability risks. That is why a BOP policy can be ideal. It works to wrap up these types of coverage into a single policy that makes sure your company is protected, while simultaneously keeping your costs lower. It is essential to ensure your BOP policy meets your specific needs and outlines the type of protection based on the type of business you own.

One of the key components of your BOP policy is its property coverage. This helps to safeguard your equipment, your building and your fixtures. And it applies no matter what type of ownership you have in your company. This may include businesses that own their property, lease it or otherwise rent the space. It generally provides coverage for:

• The building structure
• Any equipment you own as a part of the business
• Inventory or other products you sell
• Your furniture and most types of furnishings within the space
• Electronics and computer systems that apply to the business
• Any fixtures within the space, including signage in most cases

No matter what type of ownership you have over the business, it's essential to have business insurance in place. If you lease or rent the space, you may believe the property owner has the coverage necessary in place to protect you and your business materials. That's not the case. The building owner's insurance covers their investment in the structure only. A BOP policy, on the other hand, can meet your needs and reduce your financial risks.

In addition to property insurance, most BOP policies may also offer liability coverage, loss of business income and optional workers compensation coverage. Are you protected? If you are not sure, talk to your insurance agent about the options available to you and how you can keep your company safe.

Protect your business from an assortment of risks. Call Crawford Butz & Associates Insurance Agency at 314-752-2500 for more information on St. Louis, MO BOP insurance.