Business Owners Policy (BOP) in Greenville and Spartanburg, SC
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Business Owners Policy Insurance Quote Forms
Business Owners Policy Insurance Information
Combined Coverage for Special Advantages
If you own a small- or medium-sized business, you could qualify for a business owners policy (BOP). These policies can provide financial protection for general liability claims, business interruptions or property damage caused by covered perils (e.g., fire, theft).
Contact Kendall & Associates Insurance Agency to learn if your business is eligible for a BOP and to speak to an insurance agent today.
What Is a Business Owners Policy?
A BOP commonly combines commercial property insurance, business interruption insurance and commercial general liability insurance into one package. These package coverages can help small- and medium-sized businesses get the insurance they need at more affordable prices. Generally, these policies can be customized to fit your specific business needs.
We’re here to help you find the right insurance for your business. Call Kendall & Associates Insurance Agency to learn more about the business insurance coverage we offer.
What Does a BOP Cover?
BOPs can provide coverage for business risks arising from everyday business operations. The following are some of the common coverages included in a BOP:
- General liability insurance can pay for costs, such as medical expenses and legal fees, associated with allegations that your business caused harm to a third party, such as the following:
- Bodily injury
- Property damage (e.g., your employees damage a client’s property)
- Advertising injury
- Personal injury
- Property insurance may pay for repairs or replacements if your building or important business assets (e.g., business equipment, business furniture) are lost, stolen or damaged from a covered peril (e.g., theft, fire, vandalism).
- Business interruption insurance, also known as business income insurance, can pay for costs (e.g., lost business income, mortgage) if your business is forced to shut down temporarily after a covered loss.
Additional BOP Coverages
Depending on the type of work your business does, your insurance agent may recommend adding the following insurance coverages to your BOP:
- Worker’s compensation coverage can pay for costs (e.g., medical bills, lost wages) associated with employees who experience work-related injuries or illnesses.
- Data breach coverage can pay for costs associated with data breaches (e.g., credit monitoring services) if your customer’s personally identifiable information or financial information is lost or stolen.
- Equipment breakdown insurance can pay for repairs or replacements of business equipment necessary for your business operations if damaged from a covered loss.
- Commercial auto insurance can pay for costs (e.g., medical expenses, defense costs) if your business-owned vehicles are damaged during the scope of your normal business operations. Hired and non-owned auto (HNOA) coverage may also provide liability coverage if personal, rented or leased vehicles are driven for business purposes.
- Employment liability insurance can cover claims alleging your business engaged in illegal employment practices (e.g., discrimination, harassment).
Coverage exclusions may apply. Contact Kendall & Associates Insurance Agency for more information on adding optional coverages to your BOP insurance.
Who Needs a Business Owners Policy?
A BOP can benefit any eligible small- or medium-sized business owner looking to protect their company from the costs associated with common claims. These policies can be especially beneficial for businesses with limited budgets, as they offer broad coverage at discounted rates.
Getting a BOP
We’re here to help. Contact Kendall & Associates Insurance Agency to learn how our BOP coverage can protect your business and to get a free BOP quote today.