As a business owner, you’ve probably heard about BOP insurance but might be wondering what it is and whether or not you need it.
BOP (business owners policy) insurance is a plan that combines commercial property and liability insurance. Intended to protect small- to medium-sized businesses, BOP insurance combines separate insurance plans into one convenient package. The cost of this package is more affordable than each policy would be if purchased separately.
As the same suggests, property insurance protects the properties owned and used by your business, as well as any permanent equipment within those buildings. Liability insurance covers third-party liability, including potential lawsuits and accidents. In the case of bodily injury, medical payment coverage may be offered as part of the coverage. Some BOP insurance plans will also cover business interruption, which compensates business owners for lost income if your business is forced to temporarily shut down (such as in the event of a natural disaster).
Whether you’re a new or experienced business owner, it can be difficult to know exactly what you do and don’t need in a BOP insurance plan. No business is the same and your insurance policy should be tailored specifically to your organization. At Herrera Insurance Agency and Financial Services Inc., our goal is to make it easy for you to get a quick and accurate quote. We make getting the best coverage at the lowest rate simple. Request a quote or contact one of our friendly and knowledgeable staff today to implement the best plan to protect your assets.
Everyone has different insurance needs. Call us today at (925)459-9117 for a personalized business or individual assessment and find out how we can help protect your assets. For more information about us visit www.herrerainsuranceagency.com our website.
