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

Owning a business can be lucrative, rewarding and exciting, but it also comes with significant responsibility. As a business owner, the success and growth of your company depend on you making the right decisions, including those related to risk management and loss control. In addition, your personal financial situation may be closely tied to that of your business. With these stakes in mind, you should maintain an optimal insurance portfolio.

What Is a Business Owners Insurance Policy?

Business owners policies (BOPs) can provide a diverse and affordable safety net for many organizations that meet the criteria to be eligible for them. BOPs package several key forms of insurance within a single arrangement, often allowing policyholders to save money and limit the number of parties involved in their overall coverage portfolio. These products are typically intended for small- and medium-sized companies and may be suitable for employers across several industries.

What Does a BOP Cover?

BOPs may be advisable investments for many organizations. This is because the coverages included in these packages can be important for most companies. BOPs are usually composed of the following:

• General liability insurance—This coverage can help pay for losses and damages involving third parties, including the following incidents:
  • Bodily injury
  • Property damage
  • Personal and advertising injury (e.g., slander, copyright infringement, false advertising)
• Commercial property insurance—This component of a BOP provides coverage for the physical assets of your business, including the following:
  • Buildings
  • Electronics
  • Equipment
  • Tools
  • Inventory
  • Furniture
• Business interruption insurance—If a covered event temporarily affects your company’s ability to conduct its normal operations, this coverage can help pay for the following losses or expenses:
  • Rent/mortgage payments
  • Lost income
  • Employee wages
  • Tax/loan payments

Who Needs a BOP?

All qualifying small- and medium-sized organizations should strongly consider purchasing a BOP. These arrangements can provide invaluable loss control potential for risks and exposures that may transcend industry lines. Furthermore, BOPs may be capable of delivering this valuable financial protection at lower rates than if your company were to acquire its components separately

Get the Right Coverage
With nearly 40 years of experience serving individuals, families and businesses in the Redding and Corning areas, Berry Curtis Insurance is well-equipped to help you determine your eligibility for a BOP and assist you in finding the right one. Contact one of our agents today to get started.