BOP Made Easy: Business Owners Policy Explained
When you choose an independent agent representing Preferred Mutual, you’re choosing expert guidance and advice, so finding the right insurance coverage is a breeze!
A Business Owners Policy, also known as a BOP, is often the most important policy any small to medium-sized business needs. Preferred Mutual combines the protection found in other business insurance coverages and packages it in a customizable policy that suits your specific type of business.
What Is a Business Owners Policy (BOP)?
A BOP prepared by Preferred Mutual bundles specific coverages together to form either a standard or specialized policy. The most common components of a BOP are General Liability, Business Property, and Commercial Interruption coverages. This kind of policy covers most small to mid-sized businesses, and your Preferred Mutual agent and our team of commercial lines underwriters carefully comb all aspects of your business to ensure you meet the requirements to qualify. Plus, working in conjunction with our agents help to identify gaps in coverage you’d otherwise miss with those big, box insurance companies!
Can I Customize Coverage in a BOP?
Absolutely! Customizing your business insurance policy by adding coverage through endorsements is our area of expertise! Collaborating with us and your agent, we’ll be able to cover all of the unique risks for your business so you can Live Assured that your tailor-made policy fits all of your needs!
Is a BOP expensive?
On the contrary, having a properly built BOP with Preferred Mutual can save your business money in the long-run! The potential for long-term savings with a BOP means you’ll be truly setting yourself up for success.
Does My Business Need a BOP?
Chances are that your business will absolutely benefit from having one. Because of its flexibility and affordability, BOP is an asset! As we discussed, there are requirements for a business to be able to purchase a BOP, so be sure to speak with your agent
about those requirements.
Why Preferred Mutual?
To start, we have been in business for 125 years! When you choose an independent agent representing Preferred Mutual, you’re choosing expert guidance and advice, so finding the right insurance coverage is a breeze! Preferred Mutual recognizes the
unique lives of our customers, which is why each of our policies is tailored to meet your needs!
Find a Preferred Mutual agent and get started on living assured with Preferred Mutual today!
This information is intended for educational purposes only and is not legal advice and/or an authoritative guide. This content does not represent any contractual agreement. Coverages are subject to change.