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I own a small company and was told to get a business owners policy (BOP). What is that?

April 26, 2017BOP Business COMPANY owner policy small

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I own a small company and was told to get a business owners policy (BOP). What is that?

1 Answer

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Business owner’s policy (bop) is the standard business policy for small to medium sized business owners. BOPs join seperate coverages and together they form a discounted insurance plan as opposed to the sum of its parts. Insurance companies favor this because of efficiency, which leads to reduced premiums.