The Business Owners Policy, otherwise known as BOP, can be the answer for your small business insurance needs. Comprised of several coverages that generally come in a separate form, the BOP bundled commercial policy can help your business save on insurance premiums while benefiting from enhanced insurance protection.

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The standard Business Owners Policy (BOP) includes the following:

• Commercial General Liability Coverage
  This insurance covers risks related to liability for a customer incurring injury at the business site and pays for associated medical costs and legal fees. General liability coverage can help the business owner in the event of an advertising injury, i.e., copyright infringement and libel.
  
  
• Commercial Property Coverage
  This insurance, also known as named-peril, open-peril or special, covers you for damages related to your rented or owned property.
  
  
• Business Interruption Coverage
  Common occurrences, including a damaging storm, problematic local electrical grid, cyber hacking and the like can cause serious interruptions to your business operations. The Business Interruption coverage ensures you are protected from these risks, reimbursing you for lost business or providing funding to continue operation in another temporary location.

The BOP: Customized to your Business Insurance Needs

Created specifically for the small business owner, the BOP is seamlessly tailored to the individual business’s needs. Besides the standard, it can include workers comp and disability insurance and any other add-ons that complements necessary protection. The key to acquiring a customized policy is to work with an experienced insurance agency that will evaluate your business according to size, industry, income and any other factors that defines it and reevaluate as your business needs change or grow.

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Summary: Is a Business Owners Policy the right fit for your small business? Read about customized benefits in this article by Prime Insurance Agency.