While insurance can be an intimidating subject, especially for new business owners in Aldine, Baytown, Beaumont, Channelview, Houston, Humble, and the surrounding areas, there is a helpful option that many entrepreneurs utilize. At All About Insurance we can introduce you to what is commonly referred to as BOP insurance, or business owners’ policy for insurance. This is actually a package of insurance policies that cover the major kinds of insurance that most businesses need anyway, and by packing them together there is a savings to be had. Contact us today to learn more about adding a BOP insurance policy for your business.
Common Coverages Included in Your BOP
Most BOP policies will include a property insurance policy that will cover your place of business from theft, fire, vandalism, and other perils. This can include equipment, inventory, the building, and more. Liability insurance is another inclusion for a BOP policy. This will provide protection against lawsuits from injury or property damage to third parties. This can include legal fees, medical bills, and settlements.
An insurance that is sometimes included in a BOP is business interruption insurance. If your business is interrupted from a covered peril, such as a fire, business interruption insurance can provide for lost income as well as covering ongoing expenses. Depending on the insurance company that you work with, a BOP can also include other coverages that meet the needs of your business.
Benefits of a BOP
One of the most obvious benefits of going with a business owners policy is that it provides insurance policies that are less expensive together than getting them separately. The BOP also provides a good comprehensive coverage of issues quickly and easily. This option also helps to simplify the management of your insurance because you know that all of your policies are with the same insurance company. Often businesses can also get these coverages tailored to their needs within the BOP framework.
While insurance can be a challenge, utilizing the convenience of the business owners policy can streamline the process in Aldine, Baytown, Beaumont, Channelview, Houston, Humble, and the surrounding areas. Take the time to work with one of our independent insurance agents at All About Insurance for your BOP policy. We will shop the market on your behalf to get you exactly what you and your business need.