Are you ready to start your own business? Congratulations! Now’s the time to research an insurance policy to help cover you.
A business owner policy, also known as a BOP, is a special type of commercial insurance designed for small and medium size businesses. By bundling general liability insurance and property insurance into a single policy, BOPs typically offer a reduced premium making them a more cost-effective option than separately purchased policies. Typical BOPs include:
- Property insurance for buildings and contents owned by the company. Includes coverage for fire, theft, hurricane, water damage, and vandalism.
- Business interruption insurance, which covers the loss of income resulting from a fire or other catastrophe that disrupts the operation of the business. It can also include the extra expense of operating out of a temporary location.
- Liability protection, which covers your company’s legal responsibility for the harm it may cause to others.
Dunham Insurance can customize the right BOP for your needs. Contact us today for more information about coverage and a consultation.