Business Owners Policy (BOP)

A business owners policy, also known as BOP insurance, is the accumulation of various insurance coverage with additional protection into one special package.
BOP insurance helps cover your business from claims resulting from things like fire, theft or other covered disasters. Business owners insurance also helps cover claims that could arise from your business operations. These include claims of bodily injury or property damage. They also include claims related to personal and advertising injury.

Businesses can tailor their Business Owner’s Policy (BOP) to help meet their unique needs by adding optional coverages, like:

  • Data breach
  • Business income for off-premises utility services
  • Other specialized policies

A BOP Policy can be custom-made to fit industry specific businesses. This means it’s great for businesses of any size, especially small businesses.

Who Needs a Business Owner’s Policy?

If you rent or own workspace or have client contracts that require general liability insurance, you’ll likely need a Business Owner’s Policy (BOP). A BOP can help your business if:

  • You have a physical location: No matter what type of location you have, it’s important to have coverage for your business and assets. BOPs can help cover businesses run out of homes, rented or owned offices, stores or garages.
  • There’s a possibility of you getting sued: For example, let’s say a customer at your workplace slips and falls. Without the proper business owner’s insurance, you may be looking at hefty out-of-pocket fees to cover the customer’s medical expenses.

You have assets that could get stolen or damaged: From digital assets and customer data to equipment, furniture, cash or inventory, some assets can be very hard to replace. With BOP Insurance, you have protection to help you if your assets get stolen or damaged. If you’re not sure what coverage is the one you need for your business, or not sure of the benefits of a BOP, Bortec Insurance can explain and show you options to protect your business. We are a phone call away at (786) 780-1255 and one of our licensed insurance agents will be happy to answer all your questions.