Your business is not only your livelihood, it is also your passion.  A business owner’s policy (BOP) can provide valuable protection and peace of mind to ensure your financial future. Unlike other plans, a business owner’s policy acts like a package policy, encompassing multiple coverage areas. A business owners insurance policy broker can work with you to ensure you have adequate coverage for your unique needs.

What does a business owner’s policy (BOP) cover?

Like most insurance plans, a business owners policy can have a lot of variance depending on where you need the most protection. At the most basic level, a BOP covers not only the building in which you conduct business, but also guarantees additional coverage if your income stops due to damage to your property. General liability insurance is not the same as professional liability insurance and should not be considered a substitute.

Package policies like BOPs offer both convenient enrollment and broad coverage, leaving room for you to focus on higher level tasks critical to your business. As with personal lines insurance, packaging or “bundling” is an efficient way to save money over time. However, it’s important to note that while BOPs do offer a good deal of coverage, they do not provide workers compensation, professional liability insurance or auto insurance, even if the vehicles are used commercially.

Why do I need a business owner’s policy broker?

Whether you’re a contractor or a mid-sized business, working with a business owner’s policy broker will help you ensure that you’ve selected the best coverage for your unique needs and risks. At Frankel & Associates, we evaluate possible policies based on a variety of factors such as premium costs, individual liabilities, business size and the providers previous claims response history. As a result, you’re able to save time and money by considering only plans that meet your requirements!

Selecting a business owner’s policy as an individual can be extremely time consuming and confusing. When you work with a business owner’s policy broker, we evaluate your needs first. Every business is different, and the brokers at Frankel & Associates get to know yours before presenting you with policy options. Our focus is obtaining the best coverage for the right price, not upselling an expensive package. With our exceptional customer service, finding a business owner’s policy has never been easier!