BUSINESS INSURANCE
SOLUTION.COM
BUSINESS INSURANCE SPECIALIST
1-916-723-7825
1-800-315-0507
EMAIL: agent@businessinsurancesolution.com
BUSINESS OWNERS POLICY PACKA
|
|
What is Business Owners Policy? To qualify for
BOP your company must have less than 100 employees and gross revenues should
not exceed $1 million. The first part
of BOP coverage is very similar to a stand-alone Commercial general liability
insurance. This insures a business against accidents and injury that
might happen on its premises, as well as exposures related to its products.
It will protect you from payments for bodily injury or property damage to a
third party, for medical expenses accruing to the underlying incident, for
the cost of defending lawsuits including investigations and settlements, and
for any bonds or judgments required during an appeal procedure. However, this
coverage does not include professional liability insurance. Business
Interruption insurance is the next component of BOP. This coverage covers
lost income and expenses incurred when a company suffers disaster-related
losses. With Business Interruption insurance, payroll expences
and other regular expenses, such as rent, are covered. Business Owners
Policies will usually cover up to a year of lost revenue resulting from a
covered property loss. Business Owners Policies can usually be modified to contain other types of property coverage. To learn more about BOP coverage, contact us. |
|
WE PROVIDE |
|