Business Owners Insurance

A business owners’ insurance is a total policy of commercial insurance designed for small and medium-sized businesses. This type of insurance bundles general liability insurance and property insurance into a single policy to offer a reduced premium, often making them a more cost-effective solution than separately purchased policies. Business owners’ insurance covers all eventualities listed in the policy which usually include typically wind damage, fire damage, explosions, vandalism, and smoke damage. Business owner’s insurance is also known as business owner’s policy or BOP. Types of property covered by a BOP include buildings (owned or rented, including outdoors) and personal business property.