Business Owners Policy: Coverage Tailored to Meet Your Needs - The Facts

BOP cost In 2020, small companies nationwide who purchased a new BOP policy through the Progressive Benefit Company Program paid approximately $84 each month. While this gives you a basic idea of what BOP insurance coverage expenses, it's not necessarily what you'll pay. For instance, the cost discussed above is determined using a number of different service types with differing levels of danger.

You might find that the cost of your BOP insurance is greater if you have a history of claims, high protection requirements, or high exposure to run the risk of, for instance. Getting a custom quote is a great method to find a rate that best matches your unique scenario. Call us directly, or start a quote online.

They'll help you get a quote with the best coverage for your particular organization and budget plan. A Company Owners Policy from Progressive Commercial, or BOP insurance coverage for short, combines liability and residential or commercial property protections to produce one policy that's ideal for numerous small companies. This Article Is More In-Depth in a BOP is the exact same as a standard general liability policy, consisting of home damage, product associated claims and consumer injury.

It can secure you from things like fire damage, hail damage, theft and vandalism. It can likewise spend for specific claims involving loss of organization earnings, inventory wasting and more. BOP protection is a great choice for small to medium-sized companies with commercial property like restaurants, stores and workplaces.

Call us or start a quote online today. DISCLAIMER: Progressive Casualty Ins. Co. & affiliates Common questions Small to medium-sized businesses with industrial property need to consider a BOP. It combines basic liability and industrial residential or commercial property insurance. This combination provides you both liability defense - for things like mishaps and suits - and commercial property insurance coverage, which covers your structure and service personal residential or commercial property.

It's a coverage included in a company owner policy. A company owner policy covers liability claims, like consumer injury and residential or commercial property damage not owned by the business, in addition to securing your commercial structure and its contents. A business owners policy combines basic liability and home insurance into one easy to handle policy.

There's no need for an extra general liability insurance plan if you have a BOP. Yes. Progressive can help you get organization insurance, including an entrepreneur policy (BOP), in all states except Hawaii. Search by state. More info.