loader

What Does Your Business Owner Policy Cover?

Jan 30, 2018

Business Insurance

What Does Your Business Owner Policy Cover?

Business Owners Policy Coverage Guide  

A Business Owner's Policy (BOP) is a convenient package that combines General Liability with coverage for your business property, inventory, and your building (if you own it). In addition, it can also cover the property of others that is in your care, custody or control. In essence, BOPs offer a wide range of small business coverage at a reduced cost, making it a valuable and needed policy for many companies. Do you have the right business insurance in Renton, WA for your company?General Liability A BOP typically includes general liability coverage. If a guest is injured at your business as a result of your negligence, general liability coverage may help to pay for their medical expenses. It may also pay for legal costs if you are taken to court over an accident that occurred on your business's premises.Business Property The property insurance in a BOP helps to protect your business's building if you own it, as well as the contents. Perils can include fires, natural disasters, and even theft. If your property is damaged in some way due to a covered disaster, a BOP can help to repair or replace it for your business.Business InterruptionThis coverage covers the loss of income and increased expenditures if your business is affected by a covered peril. For example, if your building needs serious repair work after a fire, this coverage can help pay for you to rent a new workspace during repairs.It's important to read your small business policy carefully to understand which specific perils are covered in your policy. Get started on securing your reliable policy by contacting the team at Humble & Davenport Insurance. Serving Renton, Washington, we can help you with all of your business insurance needs.
The Top 5 Coverage Options for Contractors
The Top 5 Coverage Options for Contractors
Understanding the Cost of Commercial Auto Insurance
Understanding the Cost of Commercial Auto Insurance
The Ins and Outs of Home-Based Business Insurance
The Ins and Outs of Home-Based Business Insurance
Liability Car Insurance: What You Need to Know About Costs and Coverage
Liability Car Insurance: What You Need to Know About Costs and Coverage
Understanding and Avoiding the Top Five Reasons Restaurants Fail
Understanding and Avoiding the Top Five Reasons Restaurants Fail
TAP TO CALL