BOPs Offer Bundled Coverage at Reduced Premium Costs

BOPs Offer Bundled Coverage at Reduced Premium Costs

When a third party suffers an injury or receives property damage on your premises or as a result of an employee’s actions, the BOP’s liability coverage reimburses a variety of costs.

If you have a small or medium-size business, you may be able to save money by bundling property and general liability insurance into one policy. A business owner’s policy includes both types of insurance, and offers a reduced premium, giving you a cost-effective alternative to paying the premiums for separate policies. For commercial property building insurance in Orlando, a BOP typically covers “named risk” damages to the physical building, whether you own or rent, and outside fixtures. It also protects “personal property” of the business, such as computers, office furniture, inventory and more. Another feature usually included with the property damage portion of a BOP is business interruption service, which can cover several months of income when the company closes due to flooding or other covered events.

When a third party suffers an injury or receives property damage on your premises or as a result of an employee’s actions, the BOP’s liability coverage reimburses a variety of costs. These can include attorney fees, court costs and medical expenses. A BOP can also include additional provisions for specific needs, such as crimes like graffiti or vandalism, spoiled inventory, mechanical malfunctions and more. When you’re shopping for commercial property building insurance in Orlando, consider a BOP policy that provides the coverage you need at a reduced premium cost. After all, money saved is money earned.