Small business owners must wear many hats on a daily basis. With little time to spare, no one wants to get hung up on keeping track of various insurance premiums. That’s where a business owner’s policy, or BOP, comes in.
A BOP is a business insurance bundle that combines various coverages into one easy package with one easy premium. For people who want only basic coverage, your BOP can include property and liability coverage for a simple one-and-done solution. For people who want more comprehensive coverage, you can add coverage options to your BOP package.
After selecting your coverage limits, you can discuss your coverage options with your independent insurance agent. Perhaps you own a restaurant and need equipment breakdown coverage, or maybe you build websites and data breach coverage would suit your needs. There are many forms of coverage that you can add to you BOP to make it optimally effective for your business. However, note that commercial auto insurance and workers compensation insurance must be purchased separately if necessary.
If a BOP sounds like a good coverage option for you, ask your agent if you qualify. A business will typically qualify if it employs no more than 100 workers and earns no more than $1 million of annual revenue.
Protect your livelihood today. Call Get A Policy at (903) 268-1026 for more information on Dallas business insurance.