A business owner policy, or BOP, is a great way to make sure your business is covered in the event of damage or an accident. It is a comprehensive way to provide your business with all the insurance it needs, no matter the specific industry and niche.

For example, you may design your BOP to contain coverage for specific assets that are part of the fundamental operations of your business. If your business uses special equipment or if money and securities are part of the business, those kinds of items can be a part of your BOP.

Business interruption insurance is generally included in a BOP, as well. This kind of coverage makes it possible to continue to make the type of payments a business regularly incurs, such as payroll or utilities, while business is necessarily halted while repairs are being made to any business property. This type of coverage is part of the larger property insurance coverage, which covers the physical structures of the business and the contents inside them.

Even your liability insurance can be designed to fit your business’s exact needs so that in the case of an accident, you’ll be able to make whatever payments are necessary. A business owner policy is a good choice for your business’s insurance needs.