Call Us (518) 464-0059 ☰ ˟
Referral Rewards Request A Quote
Ten Eyck Group

(518) 464-0059
  • Home
  • Coverage
    • Airbnb
    • Automobile
    • Boat
    • Bonds
    • Commercial
    • Condominium
    • Cyber Liability
    • Employment Practices Liability
    • Financial Services
    • Flood
    • Group Health
    • Health
    • Homeowners
    • Life
    • Motorcycle
    • Personal Umbrella
    • Recreational Vehicle
    • Renters
    • Special Events Insurance
    • Uninsured/Underinsured Motorist
  • Get A Quote
    • Airbnb
    • Automobile
    • Boat
    • Bond
    • Business
    • Classic Car
    • Condo
    • Disability
    • Flood
    • Health
    • Homeowners
    • Jet Skis
    • Life
    • Long Term Care
    • Motorcycle/Recreational Vehicle
    • Non-Owned Auto Quote
    • Renters
    • The News Apartments
    • The Vicina Urban Flats
  • Customer Service
    • Customer Service
    • File A Claim
    • Make A Payment
    • Policy Review Request
  • Blog
  • Resources
    • Claims Corner
    • COVID-19 Resources
    • Important Links
    • Newsletter Archive
    • News Center
    • Refer a Friend
    • Secure File Area
    • Video Library
  • About Us
    • About Ten Eyck Group
    • Careers at Ten Eyck Group
    • Community Involvement
    • Meet The Team
    • Our Office Location
    • Our Reviews
    • Privacy Policy
    • Your Trusted Choice Agency
  • Contact Us
    • Contact Us
    • Join Our Newsletter
Commercial
Insurance

Minimize your risk with the best options

Personal
Insurance

Get the right coverage at the right price

Life & Health
Insurance

Protecting you for life, disability and long term care

Group
Benefits

Superior service to fit your needs

Surety
Bonds

Let our expertise guide you

Home > Blog > What is Included in a Business Owners Policy?
FRIDAY, JANUARY 27, 2023

What is Included in a Business Owners Policy?

A business owners policy (BOP) is a business insurance package geared toward small businesses. It combines important coverages into one policy, usually at a cheaper rate than buying them individually. A BOP covers two main areas: property and liability.People talking business

  • Property Insurance: Property insurance in a BOP works to protect the physical structure of the business building and some items and equipment inside. It offers compensation if the structure is damaged or lost due to fire, lightning, smoke, wind, hail, theft, vandalism and more.
  • General Liability: General liability references accidents that occur on the business property. If a third party suffers bodily injury or property damage as a result of everyday operations for the business, general liability can help pay medical expenses as well as legal fees should the victim decide to sue.

A BOP also usually comes with business interruption insurance, which provides compensation for income lost due to the business being unable to operate after a fire or other disaster. BOPs are generally limited on what you can add to your policy. You can add certain specialized coverages, however, such as data breach insurance.

What Does a Business Owners Policy Not Cover?

There are some coverages that you must buy individually or bundle outside of a BOP. A typical business owners policy does not cover:

  • Professional Liability: Professional liability insurance is also known as errors and omissions insurance and covers claims of negligence filed against the company. In particular, it covers liability as it relates to advice from the business causing a client to lose money.
  • Commercial Auto Insurance: Businesses that frequently use vehicles for work purposes need commercial auto insurance. Most states require a certain amount of auto liability, but businesses can also purchase comprehensive, collision and uninsured motorist coverage for their work vehicles.
  • Workers Compensation: Workers’ compensation helps with medical expenses and other benefits if an employee is injured on the job.
  • Crime Insurance: This coverage provides compensation in the unfortunate circumstance that an employee commits crimes against the company, such as stealing funds or committing fraud.

A commercial package policy (CPP) is like a BOP because it’s a similar package that also covers general liability and property damage. This package is more flexible but is usually more expensive, and thus often used by large businesses. BOPs are great for small or start-up businesses looking for affordable insurance.

Get your policy today. Call Ten Eyck Group Insurance at (518) 464-0059 for more information on BOP insurance.

Posted 9:12 PM

Tags: bop insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015

  • ten eyck group(38)
  • home insurance(17)
  • business insurance(15)
  • auto insurance(14)
  • car insurance(10)
  • covid-19(6)
  • insurance(6)
  • the millennial minute(6)
  • health insurance(5)
  • flood insurance(4)
  • life insurance(4)
  • protection(4)
  • cyber liability insurance(4)
  • commercial insurance(4)
  • coverage(4)
  • homeowners insurance(3)
  • motorcycle insurance(3)
  • bop insurance(3)
  • surety bonds(2)
  • rideshare insurance(2)
  • albany life insurance(2)
  • albany motorcycle insurance(2)
  • renters insurance(2)
  • boat insurance(2)
  • albany flood insurance(2)
  • professional liability insurance(2)
  • general liability insurance(2)
  • antique car insurance(1)
  • long term care insurance(1)
  • college graduate insurance(1)
  • driving record(1)
  • cyber bullying(1)
  • crime coverage(1)
  • albany life insurance policy(1)
  • albany business interruption insurance(1)
  • travel insurance(1)
  • albany car insurance(1)
  • new york cyber liability insurance(1)
  • albany condo insurance(1)
  • snowmobile insurance(1)
  • bonds(1)
  • cyber threats(1)
  • personal insurance(1)
  • actual cash value(1)
  • replacement cost(1)
  • flood zones(1)
  • albany auto insurance(1)
  • president's circle(1)
  • rv insurance(1)
  • new york(1)

View Mobile Version

Featured Carriers

  • Acadia Insurance
  • Adirondack
  • Aflac
  • Allianz
  • AmTrust
  • Andover
  • CDPHP
  • Chubb
  • CNA
  • Dryden
  • Encompass
  • Erie and Niagara Insurance Logo
  • Great American
  • Guardian
  • The Hartford
  • Hanover
  • Highmark Northeastern New York Logo
  • Kemper
  • Liberty Mutual
  • Main Street America
  • Merchants
  • MVP Health
  • Nationwide
  • NYCM
  • perma logo
  • Philadelphia
  • Progressive
  • Pure Insurance
  • logo
  • Sentry
  • Travelers
  • Utica National
  • Vermont Mutual Insurance Group
Facebook
Twitter
LinkedIn
Google+
Get Directions
Contact Us Today
Have Questions?
Contact Us
Resources
Our Products
Customer Service
Payment Options
Report a Claim
Newsletter
Video Library
About Us
Refer A Friend
Our Carriers
Trusted Choice Agency
Blog
Contact Us
Contact us 1924 Western Avenue
Albany, NY 12203

Ph: 518.464.0059
Fx: 518.456.7076

Logos
© Copyright 2021. All rights reserved. Powered by Insurance Website Builder.
Trusted Choice