Business Owner’s Policy (BOP) provides comprehensive coverage of general liability and commercial property insurance at reasonable premiums. ABOP essentially bundles basic insurance coverage for the small business owner. The property insurance of BOP covers damage to real and personal property caused by perils such as fire, wind, theft, explosions, and vandalism to name a few. Liability protection coverage under BOP covers claims of bodily injury, personal injury, and property damage resulting from your business operations.
As a business owner, assess the risks and weigh out the protection requirements for your small business. Customize the policy considering the value of your building, contents, stock, computers, and equipment for replacement cost values to determine a property insurance limit to purchase. General Liability limits starting at $300,000 up to $1,000,000 are available on a BOP, consider your business operations and the potential business risks involved that could harm a person or damage property.