Rigel Hines and Associates Blog
One of the best pieces of business advice that you can ever receive is that you should get BOP insurance for your small business. The Business Owners Policy insurance policy can protect small businesses in many ways. Here are five things you need to know about BOP insurance.
A BOP Gives You Tremendous Value
The BOP is perfect for most small companies, even the start-up ones. The BOP insurance policy includes general liability, equipment breakdown insurance, property insurance, and business interruption insurance. You can add some riders like employment practices liability insurance if you want.
A BOP can Give You Coverage That is Both Comprehensive and Customizable
You can customize your BOP insurance policy’s customer coverage. You can also add professional coverage or even liquor liability coverage. However, that should depend on the type of business you have. You can also add insured people to your BOP insurance policy.
Purchasing BOP Insurance is Extremely Easy
With present technology, you can buy your BOP insurance fast. There are new price trackers as well as real-time updates of premiums. There are also coverage indicators that aid you in determining your exact coverage. Ask your agent about these features.
Choose Companies With a Broad Risk of Appetite
Go for a reputable insurer that is a leader in the insurance industry. If your insurance company offers many more types of business insurance, you can trust it. For a decade or more, it should provide insurance for all types of businesses from mercantile to restaurants. Also, an insurer with a broad risk of appetite will offer you a more extensive range of BOP insurance policy types with more affordable price ranges.
The BOP is Always a Win-Win for You and the Insurance Company
Some insurance companies offer policies that only cover very specific elements of your business. However, with a BOP insurance policy, a small business owner will have so much coverage for many aspects of the business. For example, the BOP may include property insurance and general liability. If you buy an insurance bundle to add workers compensation insurance, the tie-up with BOP will not cost you that much.
Some Final Words
Find the most affordable BOP insurance policy in the market. Nothing may be perfect. However, make sure that your BOP will serve all your needs for your small business. That’s the best thing you can do to give yourself peace of mind.
At Rigel Hines and Associates, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (708) 283-7316. Get your free quote today by CLICKING HERE.
Phone: (708) 283-7316