Business Owners Policy
A business owners policy (BOP) is a great way for companies with standard exposures to get fairly comprehensive insurance coverage designed for their niche. It doesn’t have a lot of bells and whistles, but a BOP is a good core protection plan that can be enhanced in several ways to build out coverage where you need a little extra.
We have been serving businesses in Southern California for more than 40 years, and we pride ourselves on keeping things simple when it’s possible. If extras are needed, we will let you know, but often a solid BOP designed for your industry by experts in the field is the right product at the right cost.
A business owners policy from our agency covers both commercial property and commercial general liability. Property coverage includes, among other things:
- Personal property of others on your premises
- Business interruption
- Fire, wind and non-flood water damage
- Falling object damage
- Theft and vandalism
Some business owners policies also include equipment breakdown, glass or signage, and exterior structures, among other specialty items particular to your niche. In other cases, you can add enhancements to broaden your property coverage for mobile property, crime, valuable papers, money and securities, and other business assets that could be damaged or destroyed.
Business liability insurance provided under a BOP is best when it’s tailored to your business sector. That allows your company to have general liability insurance plus targeted enhancements that apply to your needs without the cost of unnecessary coverage. Our agents know the market well and will find a menu of insurers with policies designed for your industry segment.
If your agent identifies other areas that merit insurance protection that aren’t available as part of your BOP or its available endorsements, we will provide you with options for stand-alone policies, such as commercial auto, workers compensation or directors and officers liability insurance that can complement your BOP.