Getting BOP Insurance: The Five Facts You Should Know
If you want to get a BOP right away, you have first to learn more about the policy. Fortunately, we can give you five important points to know about this particular insurance policy before you fill out your application.
It Is a Combination Of Two Different Business Policies First, you should know that BOP insurance is a combination of two other business policies. These are Liability Insurance and Property Insurance. It makes it easier to bundle up with other policies as well. It will extend coverage, but it will also be easier to pay for all of your needs.
It Has a Multitude Of Coverage Points This particular policy also helps you cover various disasters such as fire, theft, and other calamities. It also covers claims that stemmed from faulty business operations or accidents in the workplace.
You Can Get One as Necessary Additionally, you can customize your own Business Owner's Policy depending on your business’s specific needs. For example, if you need to increase your security to prevent an online data breach, you can certainly ask your agent to include this feature.
It Covers Utility Services Off-Premises There is also the option of coverage for additional business income from utility services off-premises. It means that if you need to use your machinery outside of your business premises, it can also be covered by a BOP policy.
It Is Customizable Another advantage of using this particular policy for online businesses is that it is highly customizable. It will be good for smaller platforms that do not have enough capital for additional insurance policies in the first place. Once you can get your hands on a viable Business Owner's Policy, its customizable nature, and its many features, you will provide all the advantages you need to start your own business.
More Information: Adding New Features
If you already have your BOP insurance, adding new features to your already existing policy will also be easier. Just contact your insurance agent or company, and they will be the ones to handle the paperwork regarding the insurance extension.
Possible Discount Opportunities
Don’t worry because there are also many discount opportunities that you can have with BOP insurance. If you want to extend its coverage, you can bundle it up with other business insurance policies and Health Insurance for business.
This way, you can cover a lot more people and items in the long run.
The Final Word
It's all about offering the best kind of protection that you can for your employees. If you can do this, everything else will fall in place, and you will become the most responsible business owner that you can be.
Your employees will love that you provide a safety net for them, and they will give you the loyalty that your company deserves.
At Second Western Insurance Services, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (818) 952-5203. You can also request a free quote by CLICKING HERE.