Business Owners Policy (BOP) | Liability & Property Insurance for Small Businesses

Liability and property protection for your business

occupation owners indemnity, besides known as BOP indemnity, is a policy that combines both place and liability coverage into one package. It ’ second democratic among a assortment of little and medium-sized businesses such as restaurants, wholesalers, retail stores and contractors .
unwrap more about BOP coverage, cost and how you can protect your business through the Progressive Advantage® Business Program .

BOP Coverage

A business owners policy contains two primary coil coverages :

Liability

The liability coverages available on a BOP are the like as those on a general liability policy. This includes security against liabilities like customer wound and property damage, advertising injury, and product related claims .
A BOP doesn ’ t cover your employees. You ’ ll need a separate workers ’ compensation policy .

Property

Provides coverage for commercial buildings and the movable property owned by and used for the business – referred to as business personal property. It can besides pay for other things like debris removal, loss of income and pollution killing as part of a cover loss .
A BOP policy, like most other policies, has certain coverage exclusions that you should be aware of. If you need protection for something that isn ’ thymine covered, policy endorsements might be available to extend coverage .
For exemplar, price from earthquakes is typically excluded from a BOP. If you live in an area that ’ s prone to earthquakes, you might want to consider adding an sanction to your policy to extend coverage. Ask about second options when getting your quote .

BOP cost

In 2020, small businesses countrywide who bought a new federal bureau of prisons policy through the Progressive Advantage® Business Program paid an average of $ 84 per month. While this gives you a general mind of what BOP insurance costs, it ’ s not necessarily what you ’ ll pay .
For exemplify, the price mentioned above is calculated using several different clientele types with varying levels of hazard. Your final examination price will depend heavily on certain attributes of your business including coverage needs, type of profession, count of employees and claims history.

You might find that the cost of your BOP insurance is higher if you have a history of claims, high coverage requirements, or high gear exposure to risk, for example .
Getting a customs quote is a big way to find a rate that best matches your unique situation. Call us directly, or start a quote on-line .

Start protecting your business today

Our team of in-house specialists are experts at helping small business owners, like you, find BOP insurance coverage. They ’ ll help oneself you get a quote with the best coverage for your specific business and budget .

Show video transcript
A business Owners Policy from Progressive Commercial, or BOP policy for short, combine liability and property coverages to create one policy that ’ mho ideal for many little businesses .
The indebtedness coverage available in a BOP is the lapp as a standard general liability policy, including place damage, product related claims and customer injury .
What sets a BOP apart is that it includes property coverage for commercial buildings and other personal property owned and used by the company. It can protect you from things like fire wrong, hail damage, larceny and vandalism. It can besides pay for certain claims involving loss of business income, inventory spoilage and more.

BOP coverage is a great option for modest to medium-sized businesses with commercial place like restaurants, retail stores and offices .
Protect your little clientele today with a business Owners Policy from Progressive Commercial. Call us or start a quotation mark on-line today .
disclaimer : Progressive Casualty Ins. Co. & affiliates

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