What Does a Business Owners Policy (BOP) Cover?
ConXis Insurance Insurance Services Inc. offers policies that combine protection from all major property and liability risks in one package. (They also sell overages separately.) One package purchased by small and mid-sized businesses is the business owners policy (BOP). Package policies are created for businesses that generally face the same kind and degree of risk. Larger companies might purchase a commercial package policy or customize their policies to meet the special risks they face.
- Property insurance for buildings and contents owned by the company — there are two different forms, standard and special, which provides more comprehensive coverage.
- Business interruption insurance, which covers the loss of income resulting from a fire or other catastrophe that disrupts the operation of the business. It can also include the extra expense of operating out of a temporary location.
- Liability protection, which covers your company’s legal responsibility for the harm it may cause to others. This harm is a result of things that you and your employees do or fail to do in your business operations that may cause bodily injury or property damage due to defective products, faulty installations and errors in services provided.
BOPs do NOT cover professional liability, auto insurance, worker’s compensation or health and disability insurance. You’ll need separate insurance policies to cover professional services, vehicles and your employees.
Contact us today to learn more about California Business Owner Policy Insurance. One of our dedicated agents will be happy to provide you with a thorough coverage evaluation, as well as offer you a free quote right now! Give us a call at 714.563.4333 or send us your information by using the form below.