In some ways, a Business Owner’s Policy is like a homeowner’s policy for business. For small and medium-sized businesses (usually under 100 employees and less than $5 million in annual sales), BOPs combine many of the basic coverages needed by small businesses (with exception of auto and worker’s compensation insurance) into standard packages designed for individual industries. BOPs come with the added advantage of premiums that are less than if each coverage is purchased separately.
While individual policies will vary, a BOP will typically include:
Business Interruption Insurance
Equipment Breakdown Insurance
Medical Payments Coverage
Personal and Advertising Injury
As with all insurance protection, it’s important to make sure that you are protected for the particular risks unique to your business. There may be additional coverages that should supplement a business owner’s policy for your situation. The experienced professionals at every Cushman Insurance Group agency can plan the best policy for you and your business. Remember: an uncovered claim could put you out of business. Make sure you have the protection you need!
Cushman Insurance (Brockton, Lakeville, Halifax); Ora A. Andrews Insurance (Norton, S. Attleboro); T. Robert Sullivan Insurance (S. Boston) are the affiliated agencies comprising the Cushman Insurance Group.