Business Owner Policy
A Business Owner Policy is a prepackaged insurance policy that’s specifically designed for small businesses.
Do you need a Business Owner Policy?
A Business Owner Policy, also known as a BOP, is a combination business insurance policy that includes General Liability Insurance, Business Property Insurance, Business Interruption, and many additional coverage’s into one convenient policy.
The BOP allows you to save on business insurance costs by bundling multiple insurance coverage lines together for a single affordable rate.
For those businesses that don’t meet the underwriting criteria of a BOP policy business insurance is structured in what’s called a “Package Policy”. With this type of business insurance policy coverage is purchased a la carte where each line of insurance coverage is tailored to the specific needs of your business.
A package policy is most often used in large businesses and those businesses that are more unique or those that have special needs. The most common commercial package policy consists of General Liability Insurance, Business Property Insurance, Commercial Auto Insurance, Workers Compensation Insurance and Commercial Umbrella Insurance.
I will work with your business and find a tailored business insurance solution that will fit your business needs, focusing on finding you value, but more importantly finding the right coverage’s for your business.
I work with a variety of businesses and have structured both Business Owner Policy’s and Package Policies for business in the following industries:
- Accountant / CPA
- Advertising Agency
- Architects & Engineers
- Bar & Tavern
- Construction & Contractors
- Distributors & Wholesalers
- Electronic Manufacturers
- Environmental Contracting & Consulting
- Financial Services Firm
- Food & Beverage Manufacturers
- Hotel / Hospitality
- Information Technology
- Non Profits
- Public Entities
- Real Estate
- Schools & Education
- Software Developers
- Technology Company
Business Owner Policy Costs
Business Owner Policy costs are based on a number of factors which include:
- Type of business
- If you own or are contractually required to insure a commercial building
- How much coverage is needed for Business Property
- Loss history
Reach out to me when you’re considering a Business Owner Policy. I will discuss with you how it works and assess if it fits into your risk management needs. If you determine this coverage is needed I will then provide you with comparative Business Owner Policy quotes from multiple insurance carriers so you can get the best possible rate.
As an insurance broker I help businesses throughout Oregon and the Pacific Northwest manage risk.