Business Owners Package (BOP)

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 Property Insurance: This covers the buildings and contents owned by the company. It can include coverage for equipment, furniture, inventory, and other physical assets against fire, theft, and other perils.

Business Interruption Insurance: This helps cover the loss of income resulting from a fire or other catastrophe that disrupts the operation of the business. It can also include the extra expenses of operating out of a temporary location.

Liability Protection: This covers your company's legal responsibility for the harm it may cause to others. This harm could be due to things you and your employees do or fail to do in your business operations that may cause bodily injury or property damage due to defective products, faulty installations and errors in services provided.

Crime Insurance: Covers against losses from business-related crimes such as theft, burglary, and fraud.

Flood Insurance: Depending on the location of the business, a BOP can also include flood insurance to protect against water damage due to flooding, which is not typically covered under standard commercial property insurance policies.

 Professional Liability Insurance: Also known as Errors and Omissions (E&O) insurance, this covers businesses against claims of negligence, mistakes, or failures to perform professional duties. This is particularly important for service-oriented businesses like consulting firms, legal offices, and medical practices.

Data Breach Insurance: Also referred to as cyber liability insurance, this coverage protects businesses against the impacts of data breaches or cyberattacks. It covers the costs associated with data recovery, legal fees, notifying affected parties, and managing public relations fallout.

Commercial Auto Insurance: This covers vehicles owned and used by the business. Protection includes liability and physical damage coverage for vehicles involved in accidents, theft, vandalism, and other damages.

Employment Practices Liability Insurance (EPLI): This protects employers from claims made by employees alleging discrimination, wrongful termination, harassment, and other employment-related issues.

Equipment Breakdown Insurance: Covers the cost of repairing or replacing business equipment and machinery that breaks down unexpectedly. This coverage extends to electrical, mechanical, or computer equipment failures.

Outdoor Sign Insurance: Provides coverage for the repair or replacement of outdoor signs that are not attached to your building, such as freestanding signs or banners.

Accounts Receivable Coverage: Protects against loss of business income from inability to collect payment from customers due to loss of billing records.