Call Us 217-352-9000 ☰ ˟
Manage Policy File a Claim
Logo
217-352-9000
  • Our Agency
    • AboutImage of right arrow
      • Our Team
      • Our Locations
      • Distracted Driving in Illinois
    • Annual Insurance Review
    • Blog
    • Tax Season FAQs
    • Testimonials
    • In Your 50s?
    • 10 Steps to a Successful Retirement
    • Get A Quote
    • Our Providers
    • Claims
    • Pay a Bill
    • Contact UsImage of right arrow
      • Champaign Office
      • Newman Office
      • Paxton Office
      • Rantoul Office
  • Quotes
  • Products
    • Home & Auto Insurance
    • Auto InsuranceImage of right arrow
      • Liability Coverage
      • Comprehensive Coverage
      • Collision Coverage
      • Uninsured & Underinsured Motorist Coverage
      • Diminishing Deductible
      • Accident Forgiveness
      • Minor Violation Forgiveness
      • Roadside Assistance
      • Specialty Auto Insurance
      • 24-Hour Customer Service
      • Towing
      • Rental Reimbursement
      • Personal Injury Protection (PIP)
      • Medical Payments Coverage
    • Home InsuranceImage of right arrow
      • Property Insurance
      • Homeowners Liability
      • Renters Insurance
      • Condo Insurance
      • Condo Association Insurance
      • Earthquake Insurance
      • Mobile Home Insurance
      • Scheduled Property Insurance
      • Landlords Insurance
      • In-Home Business Insurance
    • Other Personal InsuranceImage of right arrow
      • Identity Theft
      • Jewelry Insurance
      • Pet Insurance
      • Personal Umbrella Insurance
      • Data Backup
      • Travel Insurance
    • Farm InsuranceImage of right arrow
      • Crop Insurance
      • Farm Owners Insurance
      • Farm Livestock Insurance
      • Equine Insurance
      • Farm Equipment Insurance
      • Farm Dwelling Insurance
      • Farm Structures Insurance
      • Farm Auto Insurance
      • Farm Umbrella Insurance
      • Farm Liability Insurance
    • Life InsuranceImage of right arrow
      • Individual Life Insurance
      • Group Life Insurance
      • Long-Term Care Insurance
      • Mortgage Protection Insurance
      • Disability Insurance
      • Second-To-Die Policy
      • Key Person (Key Men) Insurance
    • Health InsuranceImage of right arrow
      • Individual & Family Health Insurance
      • Group Health Insurance
      • Dental Coverage
      • Vision Coverage
      • Long-Term Care Insurance
      • Temporary Health Insurance
      • Supplemental Insurance
      • Disability Insurance
      • Medical Expense Insurance
      • Child Health Insurance
      • Travel Health Insurance
      • Prescription Insurance
      • HSA
    • Recreational Vehicle InsuranceImage of right arrow
      • Boat Insurance
      • Motorcycle Insurance
      • Motorhome Insurance
      • ATV Insurance
      • Snowmobile Insurance
    • Additional Insurance ServicesImage of right arrow
      • Special Event Insurance
      • Other Services
    • Coverage for Specific IndustriesImage of right arrow
      • Accounting Firm Insurance
      • Alarm Contractors Insurance
      • Insurance for Arborists
      • Builders Risk Insurance
      • Construction Insurance
      • Consulting Firm Insurance
      • Specialty Trade Contractors Insurance
      • Craft Brewery Insurance
      • Educational Facility Insurance
      • Financial Institution Insurance
      • Funeral Home Insurance
      • Convenience Store and Gas Station Insurance
      • Healthcare Facility Insurance
      • Healthcare Practice Insurance
      • Law Firm Insurance
      • Life Science Insurance
      • Limousine Services Insurance
      • Livestock Insurance
      • Maintenance Contractors Insurance
      • Manufacturing Insurance
      • Maritime Employers Insurance
      • Media & Advertising Insurance
      • Orthotics & Prosthetics Insurance
      • Personal Trainer Insurance
      • Pool & Spa Insurance
      • Printers & Publishers Insurance
      • Railroad Contractors Insurance
      • Real Estate Businesses Insurance
      • Restaurant Insurance
      • Retail Insurance
      • School Bus Contractors Insurance
      • Scrap Metal Insurance
      • Security Guards Insurance
      • Self-Storage Insurance
      • Septic Contractors Insurance
      • Snow Plow Insurance
      • Specialized Truck Equipment Insurance
      • Technology Services Insurance
      • Tow Trucks Insurance
      • Vineyard & Winery Insurance
      • Water Well Drillers Insurance
    • Coverage for Your BusinessImage of right arrow
      • Leave Management
      • Loss Control Insurance
      • Marine Insurance
      • Business Owners Policy (BOP)
      • Commercial Auto Insurance
      • Commercial General Liability
      • Commercial Property Insurance
      • Commercial Umbrella Insurance
      • Crime Insurance
      • Cyber Lyability
      • Inland Marine Insurance
      • Professional Liability
      • Workers Compensation
      • Bonds
      • Fidelity Bonds
      • Surety Bonds
    • Coverage for Your EmployeesImage of right arrow
      • Group Benefits
      • Group Disability Insurance
      • Voluntary Benefits
      • Retiree Health Coverage
      • Group Health Insurance
      • Disability Insurance
      • Individual Life Insurance
  • Contact Us
    • Champaign Office
    • Newman Office
    • Paxton Office
    • Rantoul Office
    • Locations & Hours
    • Get A Quote
  • Client Party
Auto Icon Home Icon Business Icon Life Icon Health Icon Boat Icon Farm Icon
Home > Blog > BOP's 3 Big Features: Property, Liability, and Interruption
FRIDAY, SEPTEMBER 1, 2023

BOP's 3 Big Features: Property, Liability, and Interruption

A business owner policy, or BOP, is a type of business insurance plan. It combines several of the most common types of coverage that companies need to maintain – all at an affordable, bundled rate.  

As a business owner, speak to your agent about using a BOP, since it may help you to get the coverage you need for less. 

Here are three major components of a basic BOP: People talking business

Property Coverage 
This component provides protection for your business’ operating location. It protects the structure itself, and it may also protect possessions. Property coverage can help financially in the event of fire, theft, vandalism, and other damage to the property.  

It’s critical that you choose enough coverage to ensure you can rebuild the property if it’s destroyed. Discuss any policy limitations with your agent as well. Some policies exclude acts of terrorism, acts of God, flooding and earthquakes. Adjust your policy to ensure it provides proper coverage for your local risk. 

General Liability Insurance 
This coverage applies when the business is negligent in some way against another person or company.  

It provides coverage for any claims made against the company. It can also provide legal defense if your business is taken to court. 

It may be possible to increase the amount of liability insurance you obtain to extend protection further. Speak to your business insurance agent to see whether this is needed for your business. 

Interruption Coverage 
If you cannot operate in your business for a length of time, interruption insurance can help. It applies to incidents that force you to relocate to a temporary location for weeks or months. For example, this option might cover your costs if you must move your business due to a fire. It can help pay your utilities and other debts while also covering the costs of operating offsite. 

A BOP is fully customizable, so business owners can add or remove coverages to make their policy a better fit for their needs. For example, businesses can add commercial auto insurance, professional liability coverage and flood coverage. Speak to your business insurance agent about customizing a BOP to fit your business. 
Posted 7:24 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
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021

  • life insurance(10)
  • home insurance(7)
  • health insurance(7)
  • auto insurance(7)
  • farm insurance(5)
  • business insurance(3)
  • renters insurance(3)
  • homeowners insurance(2)
  • recreational vehicle insurance(1)
  • rv insurance(1)
  • pet insurance(1)
  • bop insurance(1)
  • farm(1)
  • insurance(1)
  • dental insurance(1)

View Mobile Version
Facebook
Get Directions
Contact Us Today
Message Us
Resources
Products
Customer Service
Payment Options
Report a Claim
News
About Us
Refer A Friend
Our Carriers
Blog
Contact Us
Our Locations Champaign Office: 217-352-9000
Rantoul Office: 217-892-9200
Newman Office: 217-837-2713
© Copyright. All rights reserved. Powered by Insurance Website Builder.