Business Owner Policies (BOP) are bundles of basic protection coverages for all property, financial asset, and liability risks required by a company. BOP's are typically sold at a premium price and are less than the total cost of the individual business plans. These insurance policies are typically targeted to small and medium-sized businesses or commercial companies that generally face a lot of high risk situations (such as mechanics, cafes, bars, and the like).
This encompasses the company's buildings and contents that are owned by the business owner (lost income, extra expenses, equipment breakdown, computers, media, valuable papers and records, money, and securities).
This is a provision of reimbursements for up to one year of lost revenue that has resulted from a property loss that was caused by a fire or other catastrophes that will disrupt the operation of your business.
This covers the company’s legal responsibility for the harm that may be caused to others as a result of any regular business operations.
These additional business coverage options will be discussed with your Compass Insurance Agent and can be added to the original package to help tailor to your specific needs.
If you are a business owner of a small to mid-size company and are in need of commercial insurance, a Business Owners Policy is for you. Our experienced agents will assess your risk and find your business the right insurance and protection it needs.
Get a quote today and see how much Compass can save you on BOP Insurance.
Our live agents will survey what type of business you conduct, as well as, ownership of physical and financial assets to find you the correct insurance coverage that will fit your company's needs directly. Whether your an experienced owner or a startup business, we at Compass Insurance Agency pride ourselves on walking you through your policy and correctly covering your business expectations. We’ll gladly answer all of your questions and consider any of your concerns you may have. Just click or call today!
“Brad is a magnificent agent very knowledgeable and helpful! His direct number at the agency is 616 965 3748”
- Brad S., December 12th -
Condo Insured with Compass Insurance Agency Grand Rapids, MI