What is a business owners policy

As a business owner, you know what it takes to run a successful business. You have given your blood, sweat, and tears to make your business run smoothly, and you want to make sure your business continues to thrive for years to come. You probably already know all the things that can go wrong and hurt your bottom line, but with a good commercial insurance policy, you can protect your business from at least some of them. For some businesses, a business owner’s policy is the right approach. At Manteca Insurance & Financial Services in Central Valley, CA, we have been working hard for our customers for almost 80 years. 

A Business Owners Policy (BOP) is usually targeted to small to medium-sized businesses. It combines several key components of commercial insurance into one package, and the premium is usually less expensive than if all the components were purchased separately. The parts of a Business Owners Policy are:

  • Commercial liability coverage
  • Property Insurance
  • Business interruption insurance

Commercial liability insurance protects your business from legal actions that may be taken against you. It can be the results of things that you or your employees do or things they don’t do. It can also be if someone is injured while visiting your business or by one of your products. Professional services are not covered. 

Property Insurance can be issued as a named peril policy or all-risk coverage. This is something to discuss with your insurance professional. It will cover the building, the property, the office equipment, machinery, inventory, and related business items owned by the company. 

Business interruption insurance covers the lost income when a business suffers a covered loss that means that business can not continue as usual. 

Business Owners Insurance can be a great choice for your business, and you can add additional components to the policy as needed. At Manteca Insurance & Financial Services in Central Valley, CA, we can help you get reliable BOP for your business. Give us a call to make an appointment for a free quote.