Business Owner's Policy - Your Customer's Need This
A Business Owner's Policy (BOP) combines business property and business liability insurance into one convenient policy. BOP Insurance helps cover a business from claims resulting from things like fire, theft or another covered disaster from claims involving bodily injury, property damage and personal and advertising injury that could arise from a business operation.
Business can tailor a Business Owner's Policy (BOP) to help meet their unique needs by adding optional coverages like data breach, business income for off-premises utility services and other specialized coverages to their BOP.
BOPs should be considered if:
- The business has a physical location, whether it's out of a home or a rented or owned office, store or other work place.
- There's a possibility of the business being sued - for example, by a customer who was injured at your work place.
- There are assets that could be stolen or damaged - whether they're digital assets, customer data, equipment, furniture, cash or inventory.
- Purchasing a BOP is smart and convenient. It simplifies coverage needs by including business property and business liability, two important coverages that most businesses need, in one policy.
For more information specifically about The Hartford's BOP coverage, click here for details.
Information for this article was pulled from The Hartford Insurance Company's website.