What is a business owner’s policy (BOP)?

In Dallas, TX, much competition exists when starting a business. You need to give yourself every edge that you can. One valuable tool D&B Insurance Solutions can provide, your business owner’s policy (BOP), protects your business from unexpected loss.

Regardless of whether your business just began or has existed for years, you need BOP coverage. BOP insurance coverage protects your business in four key ways: liability, named perils, property damage, and business interruption. The advantage to the BOP is you obtain four coverages for a reduced price. You could purchase four separate insurance policies to obtain the same coverage, but you would pay higher premiums.

A BOP insurance package provides you the essentials needed by most businesses. You can also purchase other policies to add to it. These types of commercial policies include options like commercial auto, boiler, glass, inland marine, and crime insurance. Customization of your policy lets you obtain just the coverage your company needs.

For example, you start a business located in a strip mall. On either side of your storefront resides another business. Your dry-cleaning business gets flanked by an ice cream shop and a dentist’s office. All three businesses purchase a BOP, but each adds a different policy to it. Your dry-cleaning business requires inland marine insurance, while the dentist carries a malpractice policy, but the ice creamery adds an umbrella policy for increased liability coverage. All three save money by starting with a BOP.

Let D&B Insurance Solutions help you obtain a BOP and customize the policy to your needs. We serve the Dallas, TX metro area, including Ft. Worth and Plano. Call us today to learn more or set an appointment for a consultation.