Buying A Business Owners Insurance Policy

Buying A Business Owners Insurance Policy

Buying A Business Owners Insurance Policy – What You Need To Know

If you own a business that relies on tools, computers, or other business property, you should look into purchasing a Business Owners Policy, or BOP. A Business Owners Policy is a packaged policy consisting of General Liability and Business Personal Property Coverage. Business Owners Policies are unique in that they include both of these coverages onto a single policy with a single policy number. This is beneficial not only for convenience, but also because the coverage is often less expensive when bundled together.

Buying A Business Owners Insurance Policy – General Liability

As mentioned above, Business Owners Policies include General Liability in a package with the Business Personal Property. The General Liability portion is extremely important because it provides coverage for bodily injury and property damage to third parties that result from your business operations. The General Liability portion is usually very affordable and provides a lot of coverage for your business. Remember, when purchasing a Business Owners Policy, it is imperative you communicate to your agent the scope of your business operations in order to be properly protected against claims.

Buying A Business Owners Insurance Policy – Business Personal Property

In addition to the General Liability coverage, Business Owners Policies include coverage for your Business Personal Property. This Business Personal Property can include coverage for computers, valuable paperwork, tools, and more. In addition, expensive items like cameras or medical devices can also be specifically scheduled onto the policy. If your business is dependent on the Business Personal Property, you can elect to include loss of business income coverage to the policy as well. The business income coverage will provide coverage in the event that you are unable to continue business because of a covered loss of your business property.

If you would like to learn more about Business Owners Insurance Policies, let us know. We are eager to assist you in properly protecting your business.

You can call our Business Owners Policy specialists at 925-297-4829.

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All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.

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All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.

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