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 […]
Tag Archives: BOP
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 […]
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. […]