A BOP includes coverage for common risks, and your agent can help you tailor your coverage to meet your organization’s needs. A BOP typically includes the following coverages:
Property insurance helps cover the costs of repairing or replacing business-owned equipment and property after a covered event. Companies that lease a building may be required to purchase a minimum amount of property insurance.
Liability insurance helps cover third-party claims after an illness or injury for which your business is legally liable. It can help cover medical bills, the costs of replacing or repairing third-party-owned property and the company’s legal defense after a covered incident.
Business interruption insurance helps pay for everyday expenses after a covered loss if you must close your business to allow for repairs. This coverage may also help pay rent at a different location while your primary location is uninhabitable