Business Owners' Policy (BOP)
What is a Business Owners' Policy (BOP)?
The BOP (Business Owners' Policy), combines property and casualty coverage into one package. Business owners' policies provide industry-specific P&C coverage to protect equipment and facilities.
Why do I need a BOP?
The BOP contains property coverages essential to running a business. Almost every organization depends on some kind of specialized property to do business. Be it valuable papers, laptops or surveying equipment, property coverage protects you against loss of or damage to these essential pieces of your business. It only takes one disaster to wipe out your equipment.
The BOP's casualty coverages are equally important. General liability coverage is the most basic type of commercial insurance and one of the most important. Most landlords even require their tenants to carry it. GL coverage immediately protects your business from injury and property damage claims that could seriously impact your business.
What we offer.
- Design Firms and Consultants
The BOP provides property and casualty coverage for design firms and consultants. The minimum premium is $500 in most states. See complete BOP Policy Highlights. The BOP is intended for small to medium-sized design firms. Larger design firms, those with complicated risks, or design/build firms should consider our TCPP.