Business Owners Policy (BOP) in Redding, CA and Corning, CA

Providing Business & Commercial Insurance to Redding, CA and Corning, CA and all the surrounding communities

A business owners policy (BOP) is a group of insurance policies combined at a discount. A typical BOP includes commercial property insurance and general liability insurance policies designed for small and medium-sized businesses.

Not every business can qualify to purchase a BOP, so talk with the Berry Curtis Insurance Agency serving the Redding and Corning, California, areas to determine whether this type of insurance may be a good fit for your company.

What Is Included With a BOP?
A business owners policy (BOP) helps provide essential coverage for risks such as theft, liability claims, fire and business interruption losses. Here are the three core policies included with a BOP:
• General liability insurance helps pay for a company’s legal liability due to property damage or injury.
• Property insurance helps pay to replace or repair a company’s property after a covered incident.
• Business interruption insurance helps pay regular bills if a company must shut down to allow for repairs after a covered event.

How To Tailor a BOP?
Your agent may recommend that you add insurance policies and endorsements to your BOP to help mitigate additional risks faced by our company.
Depending on the size of your business size and industry, our agent may recommend:
• Employee practices liability
• Business vehicle insurance
• Cyber liability and cyber risk insurance
• Flood insurance
• Equipment breakdown insurance
• Employment practices liability insurance

Workers Compensation Insurance
Your company may be required to purchase workers’ compensation insurance, which is not automatically included with a BOP. Each state has rules about workers’ compensation insurance. In California, a business that employs one or more workers must purchase workers’ compensation coverage.

Umbrella Insurance
Your agent may also recommend adding an umbrella insurance policy to increase your business insurance coverage liability limits. Umbrella insurance provides coverage for claims that exceed the limits of your company’s liability policies.

Which Businesses Should Purchase a BOP?
In general, BOPs are designed to meet the needs of companies with fewer than 100 employees and less than $5 million in yearly revenue. The insurance company makes the final decision about whether they’ll offer a BOP to a specific business.

While a BOP can help your company save money on insurance premiums, this pre-packaged insurance product isn’t good for every small business. Your agent can help you understand whether a BOP may work for your company.

Learn More About BOPs
Contact the Berry Curtis Insurance Agency today to learn more about whether a BOP could be a good fit for your company.