A business owner’s policy, also known as BOP insurance, is one of the best investments for today's business owner because it provides outstanding access to necessary coverage at a reduced cost. In short, this type of plan offers coverage extending over various types of risks. By bundling them together like this, it is possible to save a significant amount of money. However, not all BOP insurance plans are the same. It is important for business owners to invest wisely in business insurance policies designed to meet their individual needs.

What's Included in This Business Insurance?

BOP insurance offers policies that combine various areas of protection. Generally, this can offer policies from all major property and liability risk levels. In some cases, businesses don't need a wide range of protection and BOP isn't ideal. In these cases, individual policies may work best. For most business owners though, packages are the route to go. These policies often include the following options for coverage.

• Property Protection: This component of BOP insurance will generally offer protection for the actual property such as the building your business operates in and the contents of it. Standard and special options exist to meet all needs.
• Liability Protection: This type of protection provides coverage for risks related to legal matters. It covers your legal responsibility should you or your business cause some type of harm to others. This could come from employee mistakes, defective products or falls on your property. It's important to know that professional liability insurance is not a product of BOP packages.
• Business Interruption: A nice advantage to BOP insurance is business interruption coverage. It helps to cover the company's expenses in instances when covered risks stop you from operating your company. This may include risk related to fires or weather events.

BOP packages are generally fairly versatile and customizable. They generally do not provide coverage for workers compensation, auto insurance or health coverage. You may be able to add these policies, but standard BOP insurance does not include them. That does not mean you don't need this type of protection. As a business owner, it is best to work closely with an independent insurance agent you trust to ensure you have a policy that you feel confident about and one that provides you with peace of mind.

Protect your business’ interests. Call Berger Briggs Insurance at 281-848-2009 for more information on Texas business insurance.