Business News
What Businesses Need BOP Insurance Coverage? – Press Release
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Do I Need Property & Liability Insurance?
Virtually any company that owns property used to run its business (a building, equipment, furniture, etc.) can benefit from having property & liability insurance, as it covers a wide range of potential insurance claims. You should also consider a BOP if you lease space.
The property insurance in a business owners policy can cover:
- Your building or leased space
- The contents of your building, including tools, equipment, inventory, and the property of others in your care, custody, or control
- Business disruption as a result of property damage and related expenses like covering net income and payroll costs
The general liability insurance in a BOP can cover:
- Damage to customer property
- Injuries to non-employees
- Product liability
- Libel, slander, and copyright infringement
All of that protection is provided in one combined policy.
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