Insurance Group
Small Business
Background
A business owner's policy (BOP) is a type of insurance policy that combines basic property and liability insurance coverage into one package. It is designed to meet the needs of small and medium-sized businesses.
A BOP typically covers the following:
Property coverage: This coverage protects your business's physical property, such as your building, inventory, and equipment, from damage or destruction caused by covered perils, such as fire, theft, and vandalism.
Liability coverage: This coverage protects your business from financial losses caused by lawsuits arising from bodily injury or property damage to others.
Business interruption coverage: This coverage helps to replace lost income and cover extra expenses if your business is unable to operate due to a covered loss.