What is a BOP?

what is a bop

In honor of Small Business Week (#DreamSmallBiz) we thought we would answer the “What is a BOP?” question.  A small business owner needs insurance, and a BOP is simply a Business Owners Policy.  A BOP covers many of the things that a small business owner needs coverage for-  basic liability and business property.

Your Business Owners Policy covers these specific things:

  • Unexpected business stoppage.  If you cannot open your business due to certain circumstances, this policy helps you pay things like payroll and rent.
  • Liability protection.  If your business is ever sued this is the coverage that helps you handle it.
  • Property coverage.  If your place of business is damaged or your equipment is stolen this is the policy that helps you get back on your feet.

It is important to keep in mind that a BOP might not be all of the insurance coverage your small business needs!  The only way to truly ensure that your small business is properly protected is to speak to a Hudson Valley Agent’s agent.  Call 845-778-2141 and speak with Dave Jr or Kathy about insuring your small business today.  If your small business has an artisanal flare keep Hudson Valley Agents in mind, we have specific policies to fit your unique insurance needs.

Follow us on Instagram @hvagents & don’t forget to #insurelocal