Business Office Package Policies
The Business Owner’s Policy (BOP) combines two critical business/medical practice insurance coverages: Business Property and Business Liability. With one convenient policy, you’re protected against fire, theft, lawsuits and more. In addition, you can purchase optional coverages allowing you to tailor a policy that meets the unique needs of your practice, today and as it evolves.
Business Property Insurance
Business property insurance can help protect the property your business owns, leases or rents, including things like buildings, equipment, inventory, furniture and fixtures. It provides coverage for damaged computers and media and loss of accounts receivable records.
Business Liability Coverage
When it comes to liability protection, the broader the coverage the better. A BOP provides business liability insurance that covers your business in the event your business is responsible for causing harm to a person and/or damage to property. It also helps cover the cost of your defense.
Loss of Business Income
If unexpected events cause your operations to be suspended due to a covered cause of loss, a BOP will help replace any loss of income to help you meet your continuing financial obligations such as rent or payroll.
A BOP could include a number of built-in coverages important to protecting your small business or practice, including:
- Business personal property
- Building coverage
- General liability
- Product liability
- Business income and extra expense
- Employee dishonesty
- Equipment breakdown coverage