The Perks of a BOP

d up into one policy with one premium. It couldn’t be easier! For people who just want the most basic coverage, this is a great one-and-done solution. For people who prefer to be a bit more hands-on, a BOP is customizable with various additional coverages to fill in the coverage gaps of your choosing. 

A BOP, in its most basic form, includes property and liability coverage to protect your business’ assets and legal liabilities. Most insurance carriers will let you select your coverage limits, along with any additional coverage you wish to include. Some of these additional features include medical payments, equipment breakdown, data breach, business interruption and employment practices liability coverage. However, you must purchase (if desired/necessary) commercial auto insurance and workers compensation separately. 

In order to purchase a BOP, your business must meet certain qualifications. While these qualifications may vary from insurer to insurer, they typically include the employment of no more than 100 workers and no more than $1 million in annual revenue. If you don’t meet these qualifications, you’ll likely have to purchase each policy individually. 

Talk to your independent agent today for an evaluation of your business’ needs and the coverage options that meet them.