Keep one of your most important assets safe with a Business Owner’s Policy!
As a business owner, we know how hard you’ve worked to build your dreams. However, accidents happen, and lacking the proper protection can leave you standing atop a pile of rubble. If you dream big, you’ll want to save big, too. A business owner’s policy (BOP for short) is a type of insurance for small to mid-sized businesses. It combines coverage for all major property and liability risks into one easy package, ultimately saving you money. But, what specific coverages does a BOP insurance plan include? Find out how BOP coverage protects your business.
Property insurance:
- This coverage comes in two flavors: standard and special. While special is more comprehensive, both safeguard your building and its contents from risks.
Business interruption insurance:
- Mother Nature is neither predictable nor forgiving. Business interruption insurance is responsible for covering the loss of income that results from natural catastrophes such as fire, hail, and tornados.
Liability protection:
- Even with the greatest of intentions, accidents can, and will happen. Liability coverage protects your business’s legal responsibility by covering bodily injury, property damage, damage due to defective products, and faulty installations and errors in the services you provide both your employees and
Although BOPs cover many things, they do not include professional liability, auto insurance, workers compensation, health, or disability insurance. For these coverages, individuals will need additional insurance policies. Who better to help navigate your insurance needs than the professionals at Phocus Insurance? With over thirty years of experience in the insurance industry, we can find you the best policies for your needs. Located in Phoenix, Arizona, we serve all your personal and commercial insurance needs. Contact us for more information.
