BOP Basics

Owning a small business comes with the responsibility of making sure your company and employees are protected from any peril. While there are many business insurance policies that are available, investing in a business owner’s policy may be able to provide the right amount of protection for your small business.

A business owner’s policy, also known as a BOP, is a single insurance policy that will provide coverage for all the major property and liability risks. Investing in a BOP is one of the best ways to ensure that you have all the right coverage that you need, with the convenience of only having to work with one company.

While the ease of a policy is a great benefit, it is not the biggest advantage of a BOP. The top reason that you should look into a BOP for your small business is the cost. If you skip out on a BOP, you will be left looking for all the same coverage that is provided with a BOP in multiple different policies. Investing in multiple different policies to get the coverage that is offered with a BOP will cost hundreds or thousands of extra dollars.

There are many different coverage options that you can choose when you invest in a BOP. At the very minimum, a BOP will come with liability and property coverage. The more coverage options that you invest in, the more protection you can rely on. Many BOPs will also offer coverage options for data breach or loss of your business. Talking with your insurance agent will help to ensure that you invest in the right amount of protection.

For all of your small business insurance coverage needs, contact the insurance professionals at North Central Insurance in Elk River, Minnesota. We will work with you to ensure that you have the right amount of protection, all at the right price.