A Business Owner Policy (BOP) is a cost-effective way to obtain broad property and liability risk coverage for small businesses. A main benefit is that a BOP costs significantly less than purchasing various coverages individually and can provide substantial savings. It’s a smart way to get broad coverage when starting a business. If a business does not meet the criteria for a BOP or needs higher coverage limits, then a commercial package policy may be an option that offers broad coverage for a wider range of businesses and needs.
A business owner policy can include the following coverages:
Don’t hesitate to contact Murphy Insurance at 800 222 8711 or submit an inquiry via our Contact Us form to learn about our Business Owner Policy (BOP)
Huge jury awards, known as nuclear verdicts, are on the rise, forcing insurers to rethink coverage limits, premiums, and risk management. Reviewing liability policies now can help businesses stay protected and avoid unexpected financial losses.
Standard property insurance provides coverage for physical damage and losses such as fire-damaged furniture or stolen equipment. It assists in covering the expenses associated with rebuilding or replacing damaged property.
A Business Owner’s Policy (BOP) streamlines essential insurance for small businesses, offering property, liability, and business interruption coverage in one convenient package. However, eligibility hinges on factors like business size and revenue, with certain industries needing separate coverage due to unique risks.
With the accessibility of affordable technology, home-based businesses are on the rise. However, operating a business from home alters the risk factors and characteristics of your residence in the eyes of your homeowners insurance provider.
