Business Owners Policy

A business owners policy can provide valuable protection and invaluable peace of mind for small- and medium-sized businesses. This policy, also called BOP insurance, combines two important business coverages into one convenient policy that is easier for you to manage. 

As a small business owner, we know you have more important things to do than spend a bunch of time on your insurance plan. That’s why the commercial team at Webb Insurance in St. Charles offers customized coverage for companies of all sizes and industries. Get started with a free BOP insurance quote to see more affordable coverage options from Webb Insurance.

What is a Business Owners Policy? 

Wondering what coverages are included in a BOP? This offering combines protection from two common business policies: Commercial Property and General Liability Insurance.

Commercial Property Insurance
Helps protect your business property and its contents from damage or destruction. This coverage is helpful for companies with an office building or other physical location, and includes protection for:

• Buildings, warehouses and other structures
• Tools and equipment
• Inventory
• Furniture
• Intellectual Property
• Outdoor structures, such as a fence or signage
  

General Liability Insurance
Helps your business pay legal fees and medical expenses for covered accidents involving someone who is not an employee of your business, such as a customer, vendor or industry competitor. This could include:

• Bodily injury to a third party, such as a client slip and fall accident.
• Third-party property damage from services performed at a client’s home.
• Advertising injuries to a third party, including claims of libel, slander or copyright infringement.

Several other optional endorsements can be added, including errors & omissions coverage, liquor liability, cyber insurance, business interruption insurance and more.

Business Owners Policy Coverage & Other FAQs

What is the difference between a Business Owners Policy vs. General Liability?

A General Liability policy provides important coverage for incidents involving a third-party, or damage caused to another person’s property. This does not include coverage for any damages to your business or your business property. For this reason alone, many small business owners choose a BOP insurance policy, so they know their company assets also have protection.

In other words: A BOP is General Liability plus Property Insurance for your business. Two important coverages bundled into one policy!

How much does Business Owners Policy Insurance cost?

The price you pay for business owners policy coverage depends on several factors which are unique to your business, including:   

• Location
• Business industry or profession
• Number of employees
• Coverage amounts
  

This policy is designed with small business owners in mind. Request a free quote to see BOP insurance cost options with no obligation to purchase.

Are there any Business Owners Policy exclusions?

This particular form of business insurance does not include coverage for: 

• • Company vehicles, which correspond to Commercial Auto Insurance
  • Professional services, covered by Professional Liability Insurance
  • Harm to your employees, corresponding to Workers’ Compensation
  • Client damages resulting from incomplete or incorrect advice you provide
  • Failure to protect sensitive data

Speak to a Webb Insurance agent to discuss your questions, or to request a business owner policy example for review. Your local agent is happy to provide a business owners policy coverage guide.

Get BOP Insurance in St. Charles for Your Missouri Business

Business owners have countless responsibilities and a revolving to-do list. Running a successful company is your top priority. When a work accident or injury happens, you need affordable coverage you can rely on to keep the focus on what matters most: working towards achieving your business goals and dreams. A Business Owners policy from Webb Insurance in St. Charles bundles the protection you need into one convenient policy. Our team of local agents can also help provide customized coverage tailored specifically to the unique needs of your company.   

Need BOP insurance in St. Louis for your Missouri business? Get a free BOP insurance quote with no obligation to purchase.