Business Owners Policy Information

What Insurance Is Often Included Under a BOP? 

Big or small, every business needs insurance to help protect their company and property. Insurance protects your business, assets and employees while preparing for the unexpected. Breakdowns, damage or accidents can—and will—happen. 

4 Types of Business Insurance 

A business owners policy (BOP) combines various insurance coverage with additional protection into one contract. This policy is most common for small business owners. 

A BOP is a popular insurance choice for companies with fewer than 100 employees and less than $5 million annually in sales. Additionally, a BOP is ideal for businesses outside the home and those with valuable or specialized property or equipment to protect. A BOP typically includes the following four types of business insurance: 

1. Commercial property insures against physical damage to your business property. Protection includes the physical structure and property, such as tools, equipment, inventory and furniture. 

2. General liability defends your business against lawsuits and injuries. Protection covers claims of bodily injury, libel and slander. 

3. Business income covers your business against an interruption in income if you have to shut down unexpectedly. Protection extends to replacing lost revenue from covered losses, including fire, weather damage and theft. 

4. Equipment breakdown safeguards your equipment against breakdowns. Protection keeps your business running in the likelihood of valuable and critical equipment failure due to power surges, mechanical malfunction and operator error. 

Matt Roenker Insurance Agency will work with you to determine if a BOP is a good fit for your company or tailor coverage that’ll best protect your unique business needs and risks. Our experienced team can personalize your business policy to fill in any coverage gaps. 

Protect Your Business Today 

Matt Roenker Insurance Agency takes a hands-on approach with business owners across various industries to find and adjust policies for the proper coverage. We’ve been helping business owners for more than 50 years find the insurance they need at a price they can afford. Protect your business today by calling us at 757-671-1111 or filling out a quick free online quote today.