Business Owner Policy

An Affordable Business Owner Policy Is Within Your Reach

Getting a business owner policy is the smart, responsible thing to do. It’s an affordable way to get the most critical coverages that will keep your company protected.

What Is a Business Owners Policy?

A business owner’s policy (BOP) is a unique kind of commercial insurance meant for small and medium-sized businesses. It combines protection from all major property and liability risks in one package. In other words, it usually blends all the basic coverages required by a business owner into one bundle.

What a Business Owner Policy Includes

A BOP typically contains three things. You can save money and remove coverage gaps with a BOP that includes: 

Building & Business Property Insurance

A bundle of two coverages that protects your building and the things inside it. This coverage will repair or replace damaged or destroyed equipment, furniture, fixtures, stock, or buildings.

General Liability 

Also called liability protection, this protects your business when somebody else makes a claim against you for bodily injury or property damage.

Business Interruption

Business interruption insurance provides financial support if something unexpected occurs and you need to close your doors temporarily.

Who’s Eligible for a BOP?

The typical business that qualifies for a BOP is one that:

  • Has less than 100 employees
  • Has a small workplace, office, or other premises
  • Generates less than $1,000,000 in annual revenue.
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Optional Coverages to Add to Your BOP

Coverages vary among providers, but businesses can often add optional coverages to their policy, including:

  • Crime
  • Forgery
  • Liquor liability
  • Equipment breakdown
  • Spoilage of merchandise
  • Hired and non-owned auto
  • And more

Speak to an agent at All Things Insurance to learn more. We’ll help you adjust your BOP with the options that work best for your line of business.

Why Your Small Business Needs a BOP

While it’s not typically required by law, a BOP combines the policies you really need:

General liability — so a third-party lawsuit won’t cause you to go out of business.

Business property insurance — so you don’t have to stress about damage to your building or the stuff inside it.

Business interruption insurance — so a short-term calamity doesn’t become a long-term shutdown.

Essentially, a BOP is a wise way to get the coverage you need to protect your business, and keep it protected! A policy could save you tens of thousands in costs from unexpected incidents.

Protection for Your Business. Guaranteed.

If you need an affordable business owner’s policy, call All Things Insurance to get started. We provide quick, honest service that you can count on, while also making sure your business is protected the right way. We’ll handle the basics so you can concentrate on growing your business!

We serve all of Minnesota, including communities like: Minneapolis, Saint Paul, Rochester, Bloomington, Duluth, Victoria, North Oaks, Minnetrista, Medina, Waconia, and Chanhassen.