Topics: Business Owner's Policy
Small businesses face a variety of challenges every day. A Business Owner’s Policy (BOP) can help small business owners feel a bit more secure in their business venture. As we discussed last week, a BOP covers three of the most common business liabilities: general liability, property, and business interruption coverage. Designed with small businesses in mind, this coverage is affordable, customizable, and tailored to your specific industry. Do you need it for your business?
In this article, we’ll cover three of the top industries that benefit from a BOP. Specifically, we’ll answer these three questions:
If a customer slips and falls in your store, or pulls a heavy rack over and is injured, BOP coverage can protect your business from liability claims. Whether you own a small book store or you are running a couture clothing empire, maintaining business continuity in the face of such a disaster is paramount to the success of your company.
A BOP covers a couple of main liabilities that could affect small retail businesses:
It’s important to note that not all retail businesses can be covered by BOP coverage because of the complexity of the business liability. These include 24-hour retail or seasonal operations, convenient stores, and grocery stores.
While a retail business and restaurant may be incredibly different, some of their insurance liabilities are the same. That’s why it’s important for restaurants large and small to maintain a BOP. Whether you’re running a small coffee shop or a multi-chain establishment, ensuring that your business is protected in the face of disaster is key to staying in business.
A BOP covers three main liabilities that could affect restaurants:
A BOP covers three main liabilities that could affect small professional services businesses:
Is an AmTrust BOP the right fit for your business? Contact an AmTrust appointed agent to determine your business’s level of risk. We’ll work with you to find the right AmTrust policy for your business exposure, and answer any questions you have about a BOP or business liability in general. Ready to get started? Contact an AmTrust appointed agent now.
As the holiday shopping season winds down, small retailers and wholesalers know now more than ever the importance of BOP coverage for small businesses. A BOP ensures that your business is covered in the event of an accident or injury on your property, damage due to illegal activity, or business closure due to natural events. Keep reading to find out how retailers and wholesalers benefit from coverage.