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Business Owner's Policy (BOP)

Business Owner's Insruance Policy

What is a Business Owner's Policy?

A Business Owner’s Policy (BOP) combines two essential types of business insurance:

1. General liability insurance to cover medical expenses and legal costs in case of injuries or property damage

2. Commercial property insurance to address damage to business goods, gear, and structures, providing business income after covered events.

BOP insurance offers additional benefits:

  • Cost savings by bundling two policies.

  • Tailored coverage for small businesses.​

  • Convenient management of coverage.

What Does a BOP Cover?

Picture a BOP as the guardian of your bottom line, shielding your venture from accidents that could deal a financial blow. It is the dynamic duo of general liability and commercial property insurance, packing all the coverage punches you need.  It's your business's superhero, swooping in to save the day from unexpected expenses tied to: Bodily Injury, Property Damage (Physical Location, Equipment, Inventory), Legal Fees & Loss of Business Income.

There may be well over 100 coverage endorsements that can be added or amended to modify coverage on a BOP.  Options such as: Hired & Non-owned Auto, Data Breach, Professional Liability (Errors & Omissions or E&O), Employment Practices Liability, Spoilage, and Liquor Liability (Dram Shop) are often available.  Maxam Assurance Agency will work with you to help clarify which lines of coverage best suit your needs.

Small Business Insuarnce Retail
Small Business Insurance BOP

How Much Does a BOP Cost?

Calculating the cost of a Business Owner's Policy (BOP) depends on factors such as the size of your business, where it operates, the industry it's in, and how much coverage you're aiming for.

Think of your business as a story. Small startups might have a local focus, while established ones might operate on a bigger stage. Different industries add their own twists to the plot, affecting the cost.

Each insurance provider has their own take on the story and will provide quotes that match your business's financial narrative. 

This is where Maxam Assurance Agency comes to the rescue.  As an independent agent, we do this work for you.  We partner with a vast array of insurance carriers, find those that are best aligned with your unique risks, and present you the options with full transparency, so that you can make an educated decision about which is right for you.

Book a Free BOP Consultation Call

We offer a complimentary consultation call. This quick yet valuable session is designed to provide you with personalized insurance insights and guidance. During this brief chat, we'll discuss your insurance needs, address any questions or concerns you may have, and explore potential coverage options tailored to your unique circumstances.

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