Business owners can’t just listen to anyone who would say that business owner’s policy is expensive. Every business has its own attributes and needs. Insurers issue BOP depending on the nature of the business. Aside from the package it has, you may still customize a policy that you think your business needs. The thing with insurance is it is flexible and will cater to all aspects of the business.
BOP’s Inclusions and Exclusions
A business owner’s policy does not just protect the entire property of the business but also its contents. Yes, a company’s premise is imperative for the business to exist. However, what is inside must also be secured because it also holds the business operations.
Another inclusion in BOP is the business interruption insurance. It takes place when the business is interrupted due to fire and other disasters. Note that it does not include flood. In case of theft, smoke damage, and vandalism, the insurance will cover for these as well. If the business transfer to another area to continue its operation, the extra expense of service can also be an inclusion.
If the business happens to harm others, BOP inclusion of liability protection will help the business against a lawsuit. Examples of this negligence on the business parts include both products and services. The scenario can be when the company damages other people’s property due to its operations. It can also be under the circumstance of bodily injuries or illness due to defective products.
Other exclusions are commercial auto, professional liability, workers compensation, health, and disability. Sure, business owner’s policy covers most of the things that businesses need. However, there are still other areas that the company must take into consideration.
Business owner’s policy is a total package that may be modified. Talk to your insurer now and ensure that you have everything covered. Insurance coverage can help the pillar of your business stand strong. At Commercial Insurance Pros, we work hard in making sure that our clients are well-protected with policies that they can afford. To learn more about how we can help you, please contact our agency at (949) 453-7400 or Click Here to request a free quote.