A Business Owner’s Policy (BOP) is a package insurance policy that combines protection for both your property and liability risks into one policy. This type of policy is perfect for small to medium-sized businesses. Business owner’s policies automatically include many additional coverages such as business interruption coverage, valuable papers & records insurance, and in some cases, employment practices liability and crime coverage. All of these can be included for less cost and without the need for additional applications.

A business owner’s policy is more advantageous than purchasing separate insurance policies for both property and liability.

Most importantly, your business owner’s policy can be tailored to your business’ needs. If you have questions about this type of policy or would like to request a quote, call one of our small business insurance specialists at Van Leer & Edwards today!

What’s Included in a Business Owner’s Policy?

A business owner’s policy will help cover many facets of your small to medium-sized business. The basics of one of these insurance policies include:

  • Property insurance for your building, its contents, and your inventory
  • Coverage for business interruption in the event your income is lost, or if you need to temporarily operate out of a different location
  • Liability protection, which is your company’s legal responsibility for harm done to others

How To Determine If You Need A Business Owner’s Policy?

There are certain questions that can help determine if your business is in need of a business owner’s policy.

  • Does your business operate out of physical location? Is it retail, wholesale or office?
  • Is there a possibility of your business being sued by a third party?
  • Does your business have assets such as inventory, cash, or digital assets that need to be protected from the risk of fire and theft?

If the answer is yes to any of the questions above, it’s important for you to contact Van Leer & Edward Insurance Services today for a quote on a business owner’s policy.

Van Leer & Edwards offers Business Owner’s Policies and Small Business Insurance in Scottsdale, Arizona and to all areas throughout the Valley