Insurance Maze Blog

Feb 5

Business Owner’s Policy-Is It Right For Your Business?

Category: Business Insurance post

February 5, 2008

First of all, a Business Owner’s Poicy, commonly referred to as a BOP, is designed for small and medium-sized businesses. This type business insurance program combines both property and liability coverage in one policy. There are usually additional types of coverage included at no additional premium.

What Is Normally Covered In a BOP?

The following is a general list of items covered, if they are damaged or destroyed by a covered loss. Keep in mind, the type of coverage will depend on the company, the type of business you own, and whether your insurance policy provides for Actual Cash Value or Replacement Cost loss settlement.

Property

Your building
Business furniture & fixtures
Computer equipment
Phone system
Business records
Money (waiting to be deposited)
Personal items at the business site
Leased or rented equipment
Inventory

Liability

Bodily injury
Personal injury
Advertising injury

Optional Coverage Which May Be Available

Mechanical equipment breakdown (A/C, heat, etc.)
Burglary & robbery
Employee dishonesty
Business signs

Buying Insurance

Auto Insurance

Business Insurance

Discount Dental Plans

Discount Health Plans

Group Health Insurance

Insurance Terms:

U-W

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