A Business Owner's Policy is an ideal solution for many businesses because it combines several insurance policies into a single package and usually is less costly in the package versus buying them individually. This protects your physical location, helps to deal with claims if being sued, and well as protection for your assets like equipment and more.
The biggest advantage of having a Business Owner's Policy is that you are combining multiple insurance policies into a bundle, and this bundle has a lower cost than if you were to purchase these insurance policies separately. BOPs can also be customized by adding other insurances to the bundle to suit your specific business needs.
A typical or basic BOP includes three main insurance coverages: property insurance for buildings and contents, liability protection to help with lawsuits related to injury or damage from your business operations, and business interruption insurance which helps to cover lost income from an event that disrupts your business from operating normally.
