Business Owner’s Package (BOP) Insurance
Understanding Business Owners Package (BOP) Insurance
If you need an extra layer of protection that protects your business, Business Owners Package (BOP) Insurance can be a great choice for your needs. Although this kind of insurance will not cover all of your business insurance needs, getting an extra layer of security will ensure you that every essential aspect of your business is highly protected. BOP can be used for liability insurance security, coverage on your property and its contents including various potential expenses you may have. When purchasing your first business insurance package you will face several options of specific liability policies for your business upon realizing that the general package does not cover all your business concerns. However, with BOP you are sure to find coverage that will entirely protect all the areas of your business.
Business Owners Package (BOP) Insurance coverage includes:
- Coverage of costs and expenses
- Liability
- Inventory loss
- Potential loss of Income
Who Requires Business Owners Package (BOP) Insurance?
In general, for all business owners regardless of their company size, a Business Owners Package (BOP) Insurance is something to be considered. Most small firms can also seek a Business Owners Package (BOP) Insurance policy that will fit their businesses desires and needs.
How Insurance Brokers of Maryland can help:
It is important to know the specifics that are required by law and other policies that you have may already have in place. Insurance Brokers of Maryland thrives to create customized Business Owners Package (BOP) Insurance policies to meet the unique needs of our clients. We have been providing small and large firms alike with the right policies that meets their goals. Do you have any questions surrounding BOP policy? If you do, give us a call today and we will offer you the highest quality coverage at your respective budget.
BUSINESS INSURANCE POLICY EXPERTISE
Builders Risk Insurance
When building a building, make sure that you’re protecting more than the people and the property, but the actual building itself while it is in the construction phase.
Business Owners Package Insurance
The full suite of necessary business insurance lines can be conveniently handled in a single BOP package, protecting the liability of your company’s property and vehicles.
Business Interruption Insurance
If a loss from theft, storm, accident or vandalism of property causes your business to be out of commission, threatening your business’s livelihood, you’ll be glad you have interruption protection.
Commercial Auto Insurance
Cover each of your company’s cars just like you would cover your own, and protect against risk to one of your company’s major investments.
Commercial Trucking Insurance
Taking goods from one place to another requires mitigating the risks to both the goods and the trucks hauling them.
Commercial Umbrella Insurance
Beyond what a standard business liability policy offers, an umbrella policy grants you even more protection for a true peace-of-mind feeling.
Contractor’s General Liability Insurance
Contractors, builders, construction managers, design/build professionals and owners of construction projects, whether public or private, commercial or residential, are all in need of general liability protection if something were to happen to persons or property.
Employment Practices Liability Insurance
If any of your employees sues your company as a result of your company’s business conduct, you are protected by this pragmatic form of insurance.
General Liability Insurance
Since anything can happen (and it usually does), a policy which pays in the event of a wide variety of occurrences is an absolute imperative for your business.
Hotel / Motel Insurance
As a hotelier, you encounter issues and possibilities unseen in any other industry – so you need a policy providing unique coverages to match.
Liquor Liability Insurance
Alcohol can lead directly to accidents, and if you supply, sell or make the alcohol in question, you could be liable for those accidents.
Medical Malpractice Insurance
Despite the best intentions, sometimes doctors and other medical professionals get sued by their patients – so having adequate malpractice protection is indispensable.
Product Liability Insurance
If a product is made or sold by your company and it causes harm to another’s property or person, the value of this insurance line is made clear.
Restaurant & Bar Insurance
The food service industry is tough enough, with the kinds of problems rare if ever seen in any other industry. Appropriately tailored insurance is a must for any restauranteur.
Special Event Insurance
Hosting a party, a concert, a convention? A special event implies special needs that can only be protected by this form of insurance.
Surety Bonds
Guarantee that a contract is executed on time and in the agreed-upon manner with a bond intended to secure the contract.
Technology Insurance
Meant for companies that deal in technology, this insurance helps you recoup losses which affect your ability to deal in that technology.
Wholesalers and Distributors Insurance
For companies in the business of wholesaling and distributing goods, a set of challenges particular to your industry means a type of insurance designed for you.
Workers’ Compensation Insurance
Replace the wages of your employees injured on the job while providing them with invaluable funds toward medical expenses.
Defense Base Act Insurance
DBA Insurance is a type of Workers’ Compensation insurance to protect employees, employers, independent contractors and others from damages due to injury, accidents, etc. on the job.
Insurance for Governmental Subdivisions
There’s much to be analyzed when considering a municipality’s insurance needs. Are there special events to be covered? Does the municipality make use of volunteers? How could your school board or your water authority be held liable?
Insurance for Non-Profits
Protect your Non-Profit organization from unexpected liabilities.
Insurance for Social Services
A social services organization has similar risk-mitigation and protection requirements as any other business entity, but more of them.