Business Owners Policy (BOP) Insurance in La Habra, California

Business insurance can help provide crucial financial protection for your company. Because insurance policies are highly customizable, working with an experienced agent is important as you shop for coverage. Contact DRD Insurance Agency today to get appropriate insurance coverage and determine whether a business owners policy may work for your company.

What Is a Business Owners Policy (BOP)?

A BOP offers a package of insurance coverages for small to medium-sized businesses that typically includes property insurance, liability insurance and business interruption insurance. BOPs are often more affordable than purchasing individual insurance policies, making them an attractive option for businesses looking for basic business insurance coverage.

Each insurance company sets the criteria for a BOP. Your agent can help determine whether your business qualifies. The insurer may consider your business type, risk level, location and size. Working with an experienced insurance agent can help you understand the requirements and benefits of a BOP.

What Is Covered Under a Business Owners Policy?

A BOP typically covers various types of insurance, including the following:

• Property insurance may help cover physical assets such as buildings, equipment and inventory from damage or loss.
• Liability insurance may help protect the business from lawsuits due to bodily injury, property damage or advertising injury caused to third parties.
• Business interruption insurance may help provide financial assistance if the business is forced to close temporarily due to a covered event.

Your business may require additional insurance coverage depending on its specific needs. Your insurance agent may recommend adding other types of coverage, such as professional liability insurance and cyber liability insurance.

California requires businesses that use vehicles to maintain minimum commercial auto insurance and may require workers’ compensation insurance to comply with state laws.

How Much Is a Business Owners Policy?

The cost of a BOP depends on several factors, including the following:

• Location of the business
• Size of the business
• The company’s claims history
• The type of business and its level of risk
• Coverage limits

Your agent can help you shop for the best possible combination of coverage and price.

Contact Us

Contact DRD Insurance Agency in La Habra, California, today to learn more about your business insurance options.