Are You a Business Owner? Consider a BOP
Learn More About Business Owner’s Policy Insurance
As a small business owner, you understand how important it is to get your business the insurance protection it needs and deserves. Not only do you need to protect your investment, but also the livelihood of your company. With all the options out there, choosing the right business insurance in Banning, CA can seem like a daunting task. However, if you’re looking to get your business covered at an affordable rate, then consider getting a business owner’s policy (BOP). Here’s what you should know about a BOP.
What is a BOP?
A BOP is a policy that combines various essential insurance policies in one place. Typically, a BOP will bundle general liability insurance, commercial property insurance, and business interruption insurance.
- General Liability – Helps cover your business if it is sued for causing harm to a person or damage to property. It will help to cover the cost of your defense, even if you did nothing wrong.
- Property Insurance – Protects the property that your business owns, rents, or leases from perils such as fire, theft, vandalism, and more. It provides coverage for your building, equipment, inventory, furniture, fixtures, and more.
- Business Interruption Insurance – If the unexpected occurs and you cannot continue operating your business, a BOP will help to replace the loss of income to help you meet financial obligations such as rent or payroll.
Does my business need one?
A BOP is ideal for small businesses who are looking for easy, affordable, and convenient coverage. BOPs work for businesses with small commercial property, those that are considered “low risk,” and businesses that only need a year of business interruption cover.
A BOP can be there for your business if you let it. To find the best business insurance policy to meet your needs, contact the experts at Little & Sons Insurance Services. Serving Banning and the surrounding cities in California, we are ready to assist you with all your insurance needs.