When you’re a small business owner you typically have more things to do and worry
about than the average individual and those are probably just to keep your business
running smoothly on a day-to-day basis. The joy of owning your own business and
being your own boss is worth all the hard work. But, one of the worst things imaginable
that could happen to your small business is if something out of your control unexpectedly
happened and set you back financially, or worse yet put you out of business for
good.
Many small business owners choose to free up some of their worry by protecting their
business with coverage from a BOP insurance policy. BOP insurance (also known as
Business Owners Policy insurance) is one of the most common insurance policies for
small businesses. BOP’s popularity is primarily due to the fact that it combines
both liability coverage and property coverage under one easy-to-purchase business
insurance policy. Many qualifying business are able to purchase BOP insurance for
less than it would cost to purchase liability coverage and property coverage separately
in addition to also making it economically feasible for small and medium businesses.
BOP insurance coverage won’t cover all of your business needs such as worker’s compensation
insurance, commercial auto insurance, or other specific insurance coverage’s related
to your unique business. But it is rather wide-spread coverage and can cover areas
such as business income insurance, bodily injury or property damage liability, personal
and advertising injury coverage, equipment breakdown or damage coverage, medical
payments coverage, and property insurance to name just a few.
BOP Insurance, since it is one of the most common insurance policies for small businesses
is one that you should consider if you are hesitant about having insurance for your
small business.
