Business owner's policies (BOPs) are insurance packages that provide both property and liability coverage at one affordable premium. These packaged policies are available to most small and medium-size companies and can be a good alternative to purchasing separate policies for liability and property insurance.
Although property and liability insurance are not always mandatory, it makes sense to protect all of your company assets with property and liability insurance.
What it Covers:
Property insurance for buildings and contents owned by the company -- however, this coverage is not needed if you do not own the building.
Business interruption insurance, which covers the loss of income resulting from a fire or other catastrophe that disrupts the operation of the business. It can also include the extra expense of operating out of a temporary location.
Liability protection, which covers your company's legal responsibility for the harm it may cause to others. This harm is a result of things that you and your employees do or fail to do in your business operations that may cause bodily injury or property damage due to defective products, faulty installations and errors in services provided.
BOP's do NOT cover professional liability, auto insurance, worker’s compensation or health and disability insurance. You'll need separate insurance policies to cover professional services, vehicles and your employees.
Hayes Insurance Agency 3550 San Pablo Dam Rd. Ste. C El Sobrante, CA 94803 Toll Free Ph: (800) 869.8643 Local Ph: (510) 222.8643 Fax: (510) 222.6162 License #0658980