Should You Consider a Business Owners Policy?

Business Owners Policy is a comprehensive insurance package that combines coverages for small to medium-sized businesses who run the same kind and degree of risk. It includes basic required coverages such as  property insurance, business interruption insurance, liability and crime insurance. Check out our previous article to learn more about it.

You should consider a business owner’s insurance policy if:

  • Your business has a physical location, whether it’s out of your home or a rented or owned office, store or other work place.
  • There’s a possibility of you being sued – for example, by a customer who was injured at your work place.
  • You have assets that could be stolen or damaged – whether they’re digital assets, customer data, equipment, furniture, cash or inventory.

Advantage of a Business Owners Policy

Purchasing a BOP is smart and convenient. It simplifies coverage needs by including business property and business liability, two important coverages that most businesses need, in one policy. Businesses with specific needs can tailor their business owner’s policy (BOP) by adding additional coverages like business income for off-premises utility services, data breach and more, to suit the particular needs of their company.
 
Thinking about purchasing BOP for your business? If you have any questions or want to get a quote, get in touch with your UniAmerica Insurance agent today or give us a call at 1-310-835-3373.