Commercial Insurance Coverage in a Business Owner's Policy

What a Business Owner’s Policy Actually Covers

Learn About the Coverage a Business Owner’s Policy Offers.

A business owner’s policy, or BOP, is a type of business insurance policy that bundles a wide range of small business coverages and offers them at a reduced rate.  In many cases, a BOP provides all the insurance protection that a small business needs.  Interested in getting the right business insurance in Plano, Texas?  Here are some of the coverages that a BOP can offer.

General Liability Insurance

A BOP usually includes general liability insurance.  This type of insurance covers the financial costs associated with any lawsuits or settlements that your business might face.  For instance, this coverage will protect your business against claims of property damage, injuries, accidents, and other liability issues.  If any of these issues make it to court, your general liability insurance will cover your legal fees, court costs, and the money that you owe the other party.

Commercial Property Insurance

BOPs also include commercial property insurance.  This type of insurance works in a way that’s similar to a homeowners policy.  Not only will it cover your business’s physical location, but it will also extend coverage to the equipment, inventory, and supplies that your business owns.  In some cases, the commercial property insurance can even extend coverage to your business’s records and important documents.  Most notably, this type of insurance protects against the risk of fire, vandalism, theft, and other weather-related damages and losses.

These are the main types of coverage included in a BOP.  If you have questions regarding coverage for your business, don’t hesitate to reach out to the professionals at Tri-Star Insurance.  Our dedicated team is ready to assist you with all your personal and commercial insurance needs.  Contact us to get started today.