A business owners policy (BOP) combines commercial property insurance and commercial liability insurance into a single commercial insurance policy. BOP insurance helps cover your business against claims that result from things like fire, theft, or other covered disasters. Business owners insurance, also known as BOP insurance, is a policy that combines property and liability coverage in one package. It's popular with a variety of small and medium-sized businesses, such as restaurants, wholesalers, retail stores, and contractors.
The BOP for travelers includes many specialized coverages that can be adapted to the unique risks your company faces. Check with a licensed insurance agent to ensure that your business owner's policy includes all the coverage you need. The policy for business owners, on the other hand, offers this same general liability coverage and also pays for the damage or loss of your building, equipment and inventory. A business owner's policy includes both general liability insurance and commercial property insurance, sometimes referred to as commercial risk insurance.
BOP coverage is a great option for small and medium-sized businesses with commercial properties, such as restaurants, retail stores and offices. The general liability part of a BOP protects your company in the event that someone files a claim against you or your company. Protect your company from liability risks derived from professional services, advice or recommendations provided by your company. If you're not sure what coverage is right for your business or haven't considered taking out a BOP, find out how a Nationwide BOP insurance policy can protect your business.
A business owner's policy combines general liability insurance and commercial property insurance into a single policy and is generally less expensive than buying the coverages separately. If you're a small business owner, a business owners policy (BOP) protects you from liability claims and lawsuits; protects your buildings, equipment, and inventory; and covers you financially if your business closes unexpectedly due to a covered loss. The personal business property (BPP) coverage in this policy provides protection for items that are used to run a business, such as furniture and machinery.