The BOP – Business Owners Policy is a great policy that has commercial property and commercial general liability all in one.
Easily get a free no obligation rate quote and once you see the price you’ll probably go right ahead and buy your policy and print your Certificate of Insurance immediately (844)-308-5321 .
BOP insurance policies may be written for eligible NEMT, Trucking, retail, apartment, office, service, and processing risks and are available for owners of buildings and tenants of retail, service, and processing operations. In addition to the type of business for which coverage is being sought, the building height, area square footage, number of units and annual gross sales are determining factors for acceptability under the BOP program. Submit for online quotes and compare the costs of several leading commercial insurance companies offering a BOP policy in you state.
Typical BOP Policy Coverages Available
Building – Includes coverage for the building, completed additions, permanently installed fixtures, machinery, and equipment, outdoor fixtures and furniture, floor coverings, and other similar property typically used to maintain the building.
Business Personal Property – Covers business personal property (as defined in the policy) in or on the building or in the open within 100 feet of the described premises.
Personal Property of Others – Covers personal property of others in the care, custody, and control of the insured within the described premises or within 100 feet of the described premises.
Replacement Cost – The BOP policy is written on a replacement cost basis for qualifying properties. Buildings 25 years or older must have upgraded the roof, wiring, plumbing and heating within the last 25 years to qualify. Properties that do not qualify for replacement cost will be written on a fair market value/actual cash value basis.
Business Liability – Includes coverage for bodily injury, property damage, personal injury and/or advertising injury. Coverage applies only to those premises and operations listed in the BOP Insurance Declarations.
Medical Expenses – Covers medical expenses for bodily injury caused by a covered loss.
Deductibles – Every policy has a deductible to be applied once per covered loss. The standard deductible is $500. Other deductibles available are: $1,000 and $2,500.