Business Owners Policy (BOP)
A Business Owner’s Policy (BOP) is designed for your small or medium size business that you have worked hard to make a reality. What will happen if a fire damages or destroys your office and your business must close for an undetermined amount of time? Is your building and its contents adequately covered?
It is usually more cost-efficient to purchase pre-packaged business owner’s coverages rather than individual coverages. Typically, property damage, business income coverage and comprehensive general liability make up a business owners’s policy. In addition, there are specialized coverages available to fit your specific needs. We make it our goal to understand the unique exposures that need to be considered when designing an insurance package for your business.
Property insurance covers your physical assets: building, equipment, furnishings, fixtures, inventory, computers, valuable papers, records etc. It can include personal property of others in your care, custody or control
Business income coverage covers lost earnings if a business is forced to shut down due to fire, windstorm, explosion or other insured loss. It may include coverage of expenses incurred to keep operating, such as renting temporary office space.
Comprehensive general liability protects your business assets if your company is sued for something it did or did not do that resulted in bodily injury or property damage to someone else.
We understand that your small business owners insurance needs will change over time. The hometown professional agents of Gregory’s Insurance will work with you to be sure your business has the best protection possible.