Business Owner Policy Insurance throughout Virginia

Insurance is an essential part of running a business. A business owners policy (BOP) may help simplify coverage by bundling key protections into one package.

Who Needs a Business Owners Policy Insurance?

A BOP may cover small to mid-sized businesses that own property, have physical locations or face risks like customer injuries or property damage. This policy is especially useful for retail shops, restaurants, offices and service-based businesses that want to streamline their insurance without juggling multiple policies.

What Does BOP Insurance Cover?

A BOP combines several types of coverage into one plan. Standard policies typically include the following:

• Commercial property insurance may cover your building and the contents inside, such as equipment, furniture and inventory.

• General liability insurance may help with costs if someone is injured at your business or if your business is held responsible for property damage.

• Business interruption insurance may help cover lost income and operating expenses if your business temporarily closes due to a covered event, like a fire or storm.

Depending on your insurer, some BOPs may also offer optional add-ons, such as data breach coverage or equipment breakdown.

How Much Does a Policy Cost?

Insurance companies determine the cost of BOP insurance based on several factors, such as your industry, location, revenue and workforce size. Consult an insurance agent from Huffman Insurance Agencies for an accurate quote.

Learn More About BOP Insurance

If you’re unsure what kind of coverage your business might need, Huffman Insurance Agencies can help you explore your options. Contact us today to learn how a business owners policy could work for you.