What is a business owners policy (BOP)?
Low premiums and a minimum of hassle, since the coverages are prepackaged. But the lack of flexibility may be a problem for business owners who want different options or higher maximum coverage. But a BOP does not cover every type of risk you might need to insure, so you may need additional types of coverage such as fleet insurance for the automobiles you own, additional coverages for the specific risks faced by businesses in your industry and workers compensation or employee benefits, etc.
Related Questions
- Most business owners carry a Business Office Policy (BOP) with Comprehensive General Liability (CGL) Coverage. Doesn that cover employment-related cases?
- My Business Owners Policy (BOP) has the Blanket Additional Endorsement G123127B. Do I need to contact my broker to add on additional insured?
- What does a Business Owners Policy (BOP) cover?
