Business Owner’s Policies (BOP) are limited to small, low-risk companies. You can add benefits for more coverage, or choose a similar Commercial General Liability (CGL) policy if you do not qualify. There are, however, very specific requirements to enroll in a BOP. Though they are a great option, they may not be available to all […]
Category Archives: Business Owner Policy
Business Owner Policy, Commercial Insurance
Commercial General Liability policy vs. Business Owner’s Policy
15
Feb
Feb
Commercial General Liability (CGL) policies cover legal fees brought on by a third party, while a Business Owner’s Policy (BOP) covers a variety of different types of insurance together in one place, including all of the coverage of a CGL. The most important thing you need to know, then, is that BOPs are somewhat of […]
06
Jan
Jan
Just like you buy regular insurance for your home, you should also buy insurance for your commercial property. Commercial property insurance protects against fire, theft, national disasters, and other unforeseen events. To learn more about what qualifies as a commercial property and what the insurance policies cover, read on below. How Commercial Property Insurance Works […]
04
Jan
Jan
Commercial property insurance is an important part of protecting your business against unforeseen events. It’s slightly different from other forms of insurance in that it specifically covers expenses associated with business property. While most business owners should purchase commercial property insurance, there are certain circumstances that are unique. Read more below. What Commercial Property Insurance […]
29
Oct
Oct
In short, a Business Owner Policy (BOP) is a bundle that covers all the basic insurance needs to protect a business owner’s property, aid during business interruption, and cover liability. These are for small or mid-sized businesses. Building and Business Property Insurance Standard property protection covers defined risks, which is referred to as named-peril coverage. […]