Dalessandro Agency Blog

Selecting the right kind of business coverage for your small to mid-size firm is about matching the type of insurance to fit your firm's risk. A number of types of coverage options are available for commercial MI insurance, however if you decide that the standard forms of insurance are enough to cover your firm's requirements, you may wish to consider a Business Owner's Policy, also known as a BOP.

What is a Business Owner's Policy?

This type of business insurance was first developed in the 1970s to offer small to mid-sized business basic insurance coverage at an often reduced cost. The simplified nature of the package policy makes it easier for the business owner to manage and may reduce the premium cost. Coverage beyond the terms of the BOP may be purchased separately.

What does a BOP offer?

Generally a BOP gives coverage for property, liability and financial protection against theft. A BOP may also give some form of coverage for business interruption should the firm be forced to close down for any extended period of time. However there may be other coverage negotiated as part of this.

Designed for small to mid-sized businesses, this type of MI insurance may well be suited to your company's insurance needs. Talk to one of our agents about matching the right type of insurance to your situation.

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