Business Owners Package (B.O.P.) Policy

Business Owner's Package (B.O.P.) Policy

 


business owners bop harman stone
Business Owner's Package (B.O.P.) policies are a bundle of insurance policies that combine protection from all major property and liability risks in one package.  A Business Owner's Package or B.O.P. is an insurance package that assembles the basic coverages required by a business owner in a single bundle.  It is usually available at a discounted premium that is less than the total cost of the coverages if they were purchased piece-meal.  Business Owner's Policies usually target small and medium-sized businesses and typically contain Business Interruption Insurance - a valuable coverage - which usually provides reimbursement for up to a year of lost revenue resulting from an covered property loss.

A typical Business Owner's Package (B.O.P.) includes:  property insurance, business interruption insurance, crime insurance, vehicle coverage, liabilty insurance and flood insurance.  Depending on additional risks a particular small business owner might face, the business owner and the insurance company can select additional coverage to be added to the original package as riders.

Employee Benefits for Small and Medium Sized Businesses

Employee Benefits
Employee Benefits
For most of history, employees did not receive any type of “employee benefits.”  They simply received their direct wages for time actually worked.  Beginning in the 1940’s, this changed.During World War II and the years immediately ...
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Group Health Insurance for Small & Mid Sized Businesses

Group Health Insurance
Group Health Insurance
Group Health Insurance Group health insurance is a policy that is purchased by an employer and coverage under it is offered to eligible employees and their families.  This is not only an employee benefit the employee receives for working for ...
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Workers' Compensation Insurance for Small and Medium Sized Businesses

Workers' Compensation Insurance
Workers' Compensation Insurance
Commercial Insurance
Workers’ compensation is a form of insurance that covers the medical and rehabilitation costs of employees if they’re injured on the job, as well as some lost wages.  Generally, having insurance that covers these costs means ...
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