Call Us 623-237-3481 ☰ ˟
Affordable Local Life, Health and Medicare Supplement Quotes | Licensed Insurance Agents In Glendale, AZ.
Call Us: 623-237-3481
  • About Us
    • About Us
    • Our Reviews & Testimonials
    • Privacy Policy
  • Services
    • MedicareImage of right arrow
      • Pre-Medicare
    • Individual HealthImage of right arrow
      • Dental
      • Vision
    • Life Insurance
    • Group Health
    • Supplemental
    • Annuities
    • Disability Insurance
    • Long-Term Care Insurance
    • Property & CasualtyImage of right arrow
      • Automobile Coverage
      • Homeowners Coverage
    • Business InsuranceImage of right arrow
      • Business Funded Life Insurance
      • General Liability
      • Commercial Auto
      • Key-man Insurance
  • Get A Quote
  • Resources
    • ACA Affordable Care Act
    • Tax Planning Tables
    • Insurance Glossary
    • Calculators
    • Important Links
    • News Center
  • FAQ
    • How Much Life Insurance Do You Need?
    • Policy Review Request
    • Refer a Friend
    • Employee Benefits
  • Contact
    • Join our Newsletter
    • Contact Us
    • Location(s)
  • Nearby
    • Agents In Anthem AZ
    • Agents In Cave Creek AZ
    • Agents In Glendale AZ
    • Agents In Surprise AZ
    • Agents In Phoenix AZ
    • Agents In Peoria AZ
  • Blog
Medicare Icon

Medicare & Medicaid Coverages

Find out if you are eligible.  Explore dual Medicare options.

Learn More
Group and Individual Health and Life Icon

Individual Health & Life Insurance

We browse through a wide variety of coverages and find the right one for you.

Learn More
Business Icon

Business & Commercial Insurance

Discover gaps in coverage your business may be experiencing.

Learn More
Auto and Home Icon

Auto & Homeowner Insurance

Compare competitive rates and make sure you have all the coverage you need.

Learn More
Disability and Long-Term Care Icon

Disability Insurance & Long-Term Care

Learn your options for future insurance needs that you may not have considered.

Learn More
Home > Blog > What Is A Business Owner's Policy (BOP)?
WEDNESDAY, DECEMBER 7, 2022

What Is A Business Owner's Policy (BOP)?

A Business Owner’s Policy or BOP combines business property and business liability insurance into one business insurance policy. You can think of it like a homeowner's insurance policy for a business.

Business Owners Policy BOP Coverages - Phoenix, AZ

 

What Does A Business Owners Policy Cover?

Business owners’ insurance helps cover claims that could arise from your business operations. These include claims of bodily injury or property damage. They also include claims related to personal and advertising injury. BOP insurance also helps cover your business from claims resulting from things like fire, theft or other covered disasters.

How Much Does A Business Owners Policy Cost?

The cost varies based on several factors including your location, industry, experience, claims history number of employees, sales and others.



Is a business owners policy different from general liability?
When people think about business insurance, they're thinking about the liability for the most part. They're thinking, what happens if someone slips, trips and falls in my store and sues me? That is general liability in its purest form. Slips, trips, Falls and accidents to a third party and someone Sue's you, that's General liability. A business owners policy is actually a package of coverages that's put together in one policy to make it easier for small businesses to purchase their insurance. 

So before the business owners policy existed, businesses would have to purchase every single coverage individually. General liability, property business income, accounts receivable; all those kind of smaller and Soleri coverages that are very important but may be tedious to package all together and in some cases even left out or forgotten.

So what insurance carriers did was take businesses that are relatively the same and put them together. So let's say a shoe store for example, there are only so many hazards within that shoe store. So insurance companies created a business owners policy for shoe stores and then they underwrite it based off of common risks that take place and they created coverages around that. Including building coverage, business property, coverage for computers and coverage for employee dishonesty and all those kinds of things.

So general liability is what's commonly thought of when thinking about business insurance but the reality is that's just one coverage that's included inside business owners policy. 


Though a BOP has a lot more coverage to it. Not every type of business can get a pop just because their risk are so unique but that's something you could talk further with your agent with and if you have any additional questions about your business insurance feel free to reach out to us.

Learn more about Business Owner's Insurance Coverage.

Posted 5:10 PM

Tags: bop, business owners policy, phoenix, glendale, agent, policy, plans, coverage, protection, hazards
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2019

  • quotes(4)
  • phoenix(4)
  • agent(4)
  • obamacare(3)
  • plans(3)
  • healthcare(3)
  • policy(3)
  • glendale(2)
  • arizona(2)
  • rates(2)
  • insurance(2)
  • medicare(2)
  • surprise(2)
  • coverage(2)
  • peoria(2)
  • eligibility(1)
  • business(1)
  • agency(1)
  • ending(1)
  • emergency(1)
  • social security(1)
  • life insurance(1)
  • protection(1)
  • moving(1)
  • financial(1)
  • accident(1)
  • arizona medicaid(1)
  • medicaid(1)
  • enrollment(1)
  • bop(1)
  • medigap(1)
  • employee(1)
  • enroll(1)
  • small business health insurance tax credit(1)
  • loss(1)
  • trump(1)
  • options(1)
  • cost(1)
  • pre-existing(1)
  • renewal(1)
  • new insurance(1)
  • hazards(1)
  • cave creek(1)
  • ahcccs(1)
  • ahccs(1)
  • affordable care act(1)
  • health(1)
  • cancel(1)
  • employer(1)
  • small business health insurance options(1)

View Mobile Version

Resources

Home
About Us
Products
Get A Quote
Resources
FAQ
Contact

Services

Life Insurance
Group Health
Individual Health
Long-Term Care Insurance
Disability Insurance
Dental
Vision
Supplemental
Medicare
Annuities

Service Areas

Phoenix, AZ
Anthem, AZ
Glendale, AZ
Cave Creek
Surprise, AZ
Peoria, AZ

Contact Us

Fortress Insurance Services

20325 N 51st Ave Ste 134
Glendale, AZ 85308

Phone: 623-237-3481
Fax: 623.237.3481
Email

Social Media

 

icon   a drawing of a face   a drawing of a face   a drawing of a face  text


The Fortress Companies
The Fortress Companies

© Copyright. All rights reserved. | Powered by Insurance Website Builder