As a California small business owner, you know all about risk. After all, starting your own business is a risk—but one with extremely rewarding results.
But you have the passion, know-how, and motivation to see your business succeed. Which will make it all the more awful if a lawsuit forces your business into closure. The truth is you need a lot of different types of business insurance policies to cover your bases.
If you’ve been searching for affordable business liability insurance, a business owners policy may be your answer. A business owners policy, also called BOP insurance, provides you with an all-in-one answer for getting insurance for business owners.
Running a small business can be an exciting if turbulent endeavor. You never know what may be in store for you. So if you want to preserve all the hard work you’ve put into it, you need business owners liability insurance. Get business insurance quote options from The Insurance Place and protect your business from disaster.
What is BOP Insurance?
In today’s business world, you have a wide range of insurance policies to protect your business. However, navigating them can feel like quite a chore. Why choose a business owners policy over other kinds of business insurance?
Here’s a basic business owners policy definition: an insurance policy that bundles commercial general liability insurance and property insurance into a single policy. Tailored to small- and medium-sized business owners, BOP insurance provides an affordable option for your insurance needs.
It does not, however, provide other insurance you might need, such as health, auto, disability, workers comp, or professional liability insurance (E&O insurance). However, if you watch your budget carefully each month to make sure you don’t end up in the red, a business owners policy can work for you!
What a Business Insurance Policy Can Do for You
Insurance policies for businesses cover all aspects of your basic needs for protection. But the advantages of basic protection are not immediately obvious. What can you expect from a BOP insurance policy? How can it make life easier for your business?
It can provide well-rounded coverage for your fledgling business.
If you’re a fresh young company, starting up can feel pretty daunting. With so much going on, you might not have thought to secure your business for the long run. But if you aren’t insured when something goes wrong, your business could be over before it really began.
It can allow you to focus on what matters.
Insurance isn’t much fun to think about. But BOP insurance lets you cut down on your overall policies, so you can put more attention to your business. Instead of purchasing several policies, you only need one—one bill, one payment. No headaches.
It can save you money.
Always a good thing for small businesses! When you need to save a buck but can’t afford to lose protection, BOP insurance gives you ample protection for a modest price.
A business owners policy makes obtaining medium and small business general liability insurance feasible for young startups. BOP insurance is a great start to getting you basic protection you can afford. And there’s always the option to upgrade your policies later with all the money you save!
Find Business Insurance Policies to Protect Your Future
Tired of looking for business insurance without getting what you need? A commercial business insurance policy can be just what you need to get comprehensive coverage.
Keep in mind that your business owners policy will not include errors and omissions insurance, workers compensation insurance, or other optional coverage. If these sound like something you might need, feel free to contact us for BOP insurance or other types of business insurance policies.
As the owner of a small business, I have a lot of hats to wear. Because of my trust in Name and The Insurance Place, one I don’t have to wear is that of an “insurance expert”. I rely on Chris and the excellent support staff at The Insurance Place to not only advise me about the important changes in the insurance industry, but also to act as my representative, shopping my insurance needs to competitive suppliers for the best prices on the best coverage. Name is a true insurance professional and I value his counsel greatly. Of all the professionals I lean on in my day-to-day operation, Name ranks up there with my attorney, accountant and banker as a key advisor.
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