Business Owners Insurance
Business Owners Insurance
Business owners insurance, or a Business Owner’s Policy (BOP), combines general liability and property insurance, often at a reduced rate. This comprehensive coverage is tailored to meet the needs of small to medium-sized businesses, covering everything from property damage to lost income due to business interruptions.
Without this insurance, business owners face the full brunt of costs related to property damage, lawsuits, or disruptions. For example, if a natural disaster damages a business location and halts operations, the owner would face not only the repair costs but also the loss of income, severely impacting the business’s viability.