“Bop” is more than a fun sound. The term stands for Business Owners Policy, an insurance package that provides the peace of mind you need to succeed in the business world. Read on to learn more.
What Is a Business Owners Policy (BOP)?
While every business is unique, many businesses share the same basic insurance needs. That’s why insurance companies created a package that includes the coverages that business owners need more often.
This package of coverages is called Business Owners Policy, or “BOP” for short, and may offer protection from risks such as:
- Fire and smoke
- Theft
- Lightning
- Vandalism
- Lawsuits
- Loss of income
BOP’s combine three types of coverages into one convenient bundle.
- Property. Protects your building office space, and property owned by your business.
- Liability. Offers financial protection for the harm your company may cause to others related to things you do or fail to do during your company’s operations.
- Business interruption insurance. Replace lost revenue in case your business has to close due to damage covered by your policy.
Getting a BOP instead of many individual policies is convenient for several reasons. Bundling all the coverages you need makes them more manageable. With a BOP, there’s only one policy to review and you usually get a better rate than if you purchased each coverage separately.
Make Sure to Customize Your Coverage
t’s worth keeping in mind that while BOP’s aim to offer comprehensive protection, they do not cover the whole spectrum of risks you face as a business owner.
For example, even if you have a BOP, you need separate policies for professional liability, auto insurance, worker’s compensation, or health and disability insurance.
If you are looking for BOP insurance, or need to customize the coverage you already have, contact the experts at BZ Bee Insurance today. We’ll be happy to help you get the protection you need.
Looking for BOP Insurance in Houston, Texas? Contact BZ Bee!
When it comes to commercial auto insurance in Houston, or anywhere else in Texas, BZ Bee Insurance Services is the way to go.
We understand the needs of business owners and have made it our mission to help you find coverage that meets your needs — and those of your business.
To get a free quote, just contact us by email (ayalamariaeugenia@yahoo.com) or telephone (832-729-8114), or fill out the contact form on this website.
