Understanding Business Owner Policy (BOP) Coverage
A Business Owners Policy (BOP) is a special package of coverage that gives you two important types of protection in one. First, it covers your physical items like your building, equipment, and inventory – if something bad happens like a fire or theft, you’re covered. Secondly, it helps with legal implications – if someone gets hurt at your business and sues you, the BOP can also help with those costs.
These plans primarily consist of building coverage, business personal property coverage, general liability coverage, business interruption, and business auto coverage. So, it’s like a safety net for both your business assets and unexpected troubles, all bundled up neatly for your business’s peace of mind.
As your business expands, these seemingly straightforward plans can quickly become more complex. The team at Hitchings Insurance is here to review the finite details and review each insurance policy as an individual case. We’ve worked with owners who had one small office location to a 10-location medical franchise with more than $75mm property values.
Our licensed insurance specialists can help find solutions for professional offices of all sizes and insurance plans to cover your hard work. Contact us today!