Business Owners Policy
A Business Owner's Policy (BOP) is recommended for most small businesses, as it is often the most affordable way to obtain broad coverage. Combining both property and liability insurance, a BOP will cover your business in the event of such things as property damage, suspended operations, or lawsuits resulting from bodily injury or property damage to others.
Business Owner's Policy, offers a myriad of options to meet your specific insurance needs. Some businesses may find the BOP alone to be sufficient, while others may wish to tailor their BOP by increasing key coverages, adding other options, or eliminating unnecessary coverages.
Our BOP's includes insurance protection for small businesses in the following industry segments:
- Apartment: Are designed for owners of buildings used exclusively as apartment houses, including cooperatives.
- Building: Are designed for lessors of commercial buildings occupied by offices, mercantile and retail establishments.
- Business: Are designed for businesses providing personal consumer services, businesses repairing light consumer goods and businesses engaged in printing.
- Condominium: Are designed for owners of buildings used exclusively as condominiums.
- Contractors: Are designed for primarily small residential, special trade contractors.
- Garage: A designed for independently operated or franchised automotive service and repair businesses.
- Manufacturers: Are designed for manufacturers of electronics, food products, leather goods, instruments, metal goods, paper products, plastic goods, rubber products, textiles and wood products.
- Office: Are designed for a variety of firms providing medical, legal, financial or other professional services for their clientele.
- Religious: Are designed for small churches and other houses of worship not affiliated with operating educational institutions.
- Restaurant: Are designed for various food service establishments. Restaurant Pac is designed for fast food and family-style restaurants. Restaurant Plus is designed for fine dining establishments, banquet and reception facilities and caterers, as well as the larger family-style restaurants.
- Store: Are designed for a wide variety of retailers primarily engaged in brick-and-mortar commerce.
- Technology: Are designed for technology firms providing computer consultation and a variety of technology services for their clientele. We also offers Technology Manufactures Plus which is designed for manufacturers of electronics and instruments products.
- Wholesalers: Are designed for distributors of various types of durable and non-durable domestic goods.
The BOP's afford a large number of built-in coverages important to protecting your small business, including:
- Business personal property (optional for some businesses)
- Building coverage (optional for some businesses)
- General liability
- Product liability
- Business income and extra expense (optional for some businesses)
- Employee dishonesty
- Equipment breakdown coverage
Small business insurance-specific coverage options are also available, such as:
- Increased fine arts coverage
- Accountants endorsement
- Lawyers endorsement
- Medical and dental office endorsement
- Eating establishment endorsement
- Spoilage coverage
- Bailees customers goods coverage