Streamline Coverage: Combine Liability and Property in One Policy
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A business owner’s policy (BOP) combines general liability and commercial property insurance, offering strong, affordable coverage for small to medium-sized businesses. It simplifies insurance while guarding against typical business risks.
At Statewide Commercial Insurance Brokers, we understand the unique challenges and risks that business owners face every day. Business owner’s policy is designed to blend the critical coverages you need into one seamless package, ensuring that you can focus on what you do best: growing your business.
Without a business owner’s policy, your company is at significant risk. You would be financially responsible for any liability claims involving bodily injury, property damage, or personal injury during business operations, which could lead to costly lawsuits. Additionally, any damage or loss to your physical assets, such as your building, equipment, and inventory, would need to be covered out of pocket, potentially resulting in severe financial strain. Furthermore, in the event of a temporary business closure due to a covered loss, you would not receive financial assistance for lost income and additional expenses, jeopardizing your business’s ability to recover and continue operations.
A BOP is ideal for small to medium-sized businesses, especially those with physical locations, such as retail stores, restaurants, and offices. It’s best suited for businesses looking for both property and liability coverage bundled into one.
By combining key insurance coverages, a BOP simplifies your protection strategy and can be more cost-effective than purchasing separate policies. It also offers peace of mind, knowing you’re covered for a wide range of incidents.
Yes, like any insurance policy, a BOP has exclusions. Common exclusions might include flood damage, earthquakes, and intentional acts. It’s important to review your policy details to understand these exclusions.
The amount of coverage depends on various factors, including your business size, industry, and the value of your assets. Our expert insurance agents can help assess your needs and recommend appropriate coverage levels.
Enjoy peace of mind knowing we’ve got you covered.
Get a Quote(877) 207-7900
General Liability Insurance keeps your business safe from financial trouble if someone gets hurt or their property gets damaged because of your business. It covers legal fees, medical expenses, and damages. Perfect for any business wanting peace of mind against unexpected claims.
Mandatory in most states, this insurance covers medical expenses and a portion of lost wages for employees who get injured or sick from their job.
Plan for the unexpected. Protect your company’s physical assets, such as its building, and contents, including inventory, furniture, and equipment with commercial property insurance. It covers losses should your business have a fire, explosions, burst pipes, storms, theft, or vandalism.
