Business Owners Package

BOP stands for Business Owners Policy and simply refers to bundled insurance. We like to find the right BOP policy that will save a business money.

Why would I choose a BOP policy?

A BOP package is a smart way to go for many small businesses because it provides the most competitive, comprehensive insurance plan at the best price. Another good reason to choose a BOP policy is that it helps ensure your company is fully covered in the areas it needs to be, without unnecessary coverage options that could end up bumping up the amount you pay for premiums.

What does a BOP package include?

BOP packages help cover the essentials. Most often, this includes:

  • Commercial General Liability Insurance coverage (property damage or bodily injury claims)
  • Property Insurance (physical assets claims)
  • Income Loss Insurance (employee salaries and loss of rents, as well as loss of income)

Which businesses qualify for a BOP?

Typically, BOP packages make sense for smaller business. Briargate will help you determine if it’s right for you, but if you have fewer than 100 employees and generate less than $5 million in annual sales it might be a good option for you. Some examples of businesses that choose a BOP policy:

  • Small retail stores
  • Coffee shops, local restaurants, and caterers
  • Independent doctors and dentists
  • Veterinarians
  • Automotive repair shops
  • Pet Groomers
  • Florists

Are there reasons my business wouldn’t qualify for BOP?

BOP packages can save businesses a substantial amount of money in premiums. But if you work in highly specialized or high-risk operations, have a large location or need business interruption coverage to last longer than 12 months, the coverage limit probably won’t be sufficient. At Briargate, we recommend you look at individual coverage options to build a more customized plan that allows for higher policy limits.

Are all BOP packages the same?

While there may be similar coverage option when comparing BOP plans, not all are built the same. Briargate will use our network of top-rated insurance carriers to bring you quotes and coverage options on the best BOP plan for your business.