Business Owners Policy (BOP) in Huntington Beach CA, Long Beach CA & Los Angeles CA

Owning and operating your own business can be an exciting and rewarding venture. However, doing so also requires you to be especially mindful of risks and exposures that could threaten both your company and personal finances. Fortunately, you can take a big step in securing the finances and prospects of your company by securing suitable insurance coverage, such as that offered by a business owners policy (BOP).

What Is a Business Owners Policy?

A BOP is a multipart insurance product that can provide several key types of coverage under a single policy. These arrangements are typically available to small- and medium-sized companies and may prove to be a convenient way to address common coverage needs. Additionally, having a BOP may help your business save on its insurance costs overall, as bundling multiple types of insurance under a single policy can be cheaper than if you were to purchase each separately.

What Does a BOP Cover?

The details of your company’s BOP may often be customizable, but in most cases, the following components comprise these policies:

• General liability insurance may offset third-party losses for which your business is at fault, such as those arising from bodily injuries, property damage, personal injuries or reputational harm.
• Commercial property insurance may assist with losses should you need to repair or replace your business’s structures, equipment, electronics and other assets.
• Business interruption insurance may provide financial relief if your company needs to temporarily shut down or alter its normal operations due to a covered incident.

How Much Does Coverage Cost?

When calculating a business owners policy quote, carriers may consider the following aspects of your company:

• Location
• Industry
• Workforce size
• Assets and revenue
• Claims history
• Policy details (e.g., limits, deductible and endorsements)

Learn More

If you own a business in Huntington Beach, Long Beach, or Los Angeles, contact INM Insurance Services today to get a tailored BOP quote.