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Business Insurance Services
General Business Insurance
Business Income
Business Owners Package
Commercial Liability Insurance
Commercial Property
Equipment Breakdown
Farm and crop insurance coverage
Fleet Coverage
Florist insurance coverage
Insurance coverage for apartment buildings
Insurance coverage for outfitters & guides
Insurance coverage for water well drillers
Wineries and vineyards insurance coverage
Liability Insurance
Catering business insurance coverage
Cleaning business insurance coverage
Commercial Liability Insurance
Directors’ Office Liability
Employment Liability
Kidnap and Ransom Insurance Coverage
Liquor Liability
Professional Malpractice
Special events insurance coverage
Umbrella Excess
Unusual Commercial Insurance Risks
Veterinary insurance coverage
Commercial Auto Insurance
Commercial Auto Insurance
Truck insurance coverage
Employee and Business Operation Insurance
Commercial Umbrella Insurance
Commercial Checklist
Employee Dishonesty
Errors and Omissions insurance coverage
Health and fitness business insurance
Wildland Firefighter Insurance Coverage
Workers Compensation
Business Owners Package
The business owner package policy – or BOP – facilitates many, though not all, of the insurance coverages needed by many small or medium-sized businesses. Sometimes referred to as a homeowners policy for a business, BOPs vary by insurer, but standard features of the BOP or “package” policies include:
- property coverage for buildings, equipment, and contents
- liability for third-party claims brought against the business which occur on the premises or from products or operations
- crime insurance for loss of money from burglaries, robberies, and destruction; and coverage to protect from employee dishonesty, such as embezzlement and theft
- vehicle coverage for rented or borrowed vehicles
- business income protection, which facilitates reimbursement for up to one year of lost income if due to damage from a covered peril, as well as extra expense coverage to pay for necessities required to expedite restoring the business. By combining all these coverages from separate policies into one policy, you can save money and might avoid coverage gaps. Other advantages of the BOP are its flexibility; expansion to meet the needs of a growing, changing business; and the simplicity of having one policy instead of several. Notable coverages not included in BOPs are workers’ compensation, professional liability, equipment breakdown, and business auto coverages.
