With all of the insurance policies available, it can be confusing trying to figure out which policy you need to protect your business. One of the most important insurance policies to protect you and your business is a business owner policy, or a BOP.
A business owner insurance policy is a specific insurance package that provides the basic coverage options that are required by a business owner into a single package. Most business owner policies target small to medium size businesses, since they do not provide enough coverage for large businesses. Business owner policies cover many different situations, including:
- Property insurance
- Business interruption insurance
- Crime insurance
- Liability insurance
- Flood insurance
There are also many other options that are available to add onto what is already included in a business owner policy.
Business owner policies do not cover every situation that a business may need coverage for, including:
- Professional liability
- Auto insurance
- Worker’s compensation
- Health insurance
- Disability insurance
In order to be covered for the above situations, a business need to purchase separate, specific insurance policies.
For all your business insurance needs in the Spokane, Washington area, contact Accurate Insurance, Inc.