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What Does My Business Owner’s Policy Actually Cover?

What Does My Business Owner’s Policy Actually Cover?

Business Owner’s Policy Coverage

A Business Owner’s Policy (BOP) is a convenient package that combines General Liability with coverage for your business property, inventory, and your building (if you own it). In addition, it can also cover the property of others that is in your care, custody or control. In essence, BOPs offer a wide range of small business coverage at a reduced cost, making it a valuable and necessary policy for many companies.

General Liability

A BOP typically includes general liability coverage. If a guest is injured at your business as a result of your negligence, general liability coverage may help to pay for their medical expenses. It may also pay for legal costs if you are taken to court over an accident that occurred on your business’s premises.

Business Property

The property insurance in a BOP helps to protect your business’s building if you own it, as well as the contents. Perils can include fires, natural disasters, and even theft. If your property is damaged in some way due to a covered disaster, a BOP can help to repair or replace it for your business.

Business Interruption

This coverage covers the loss of income and increased expenditures if your business is affected by a covered peril. For example, if your building needs serious repair work after a fire, this coverage can help pay for you to rent a new workspace during repairs.

For your peace of mind and your business’s protection, ensure it is covered with reliable business insuranceContact Bell Black Insurance to get started on securing the right policy for your needs. We serve those in Idaho Falls, Island Park, Driggs, Victor, Swan Valley, Ashton, and the neighboring communities in Idaho, as well as Jackson and Star Valley in Wyoming.