Call Us: FSB  |  Claiborne & Taylor ☰ ˟
Logo
  Claiborne & Taylor Insurance

931-388-5400
                    
  • HOME
  • ABOUT US
    • About UsImage of right arrow
      • Employee Directory
    • Testimonials
    • Locations
    • Privacy Policy
  • OUR BLOG
  • INSURANCE PRODUCTS
    • Athletic Facilities
    • Auto
    • Breweries/Wineries
    • Business & Commercial
    • Cannabis
    • Church
    • Community Associations
    • Construction
    • Franchise Groups
    • Homeowners
    • Hospitality
    • Law Firms
    • Manufacturing
    • Nonprofits/Faith-Based
    • Real Estate
    • Renewable Energy
    • Restaurant
    • Retail
    • Transportation
  • CLIENT SERVICES
    • Request A Quote
    • Claim ManagementImage of right arrow
      • Submit A Claim to your Agent
      • Report A Claim to Company
  • CONTACT US
Auto and Home Icon

Personal

We browse through a wide variety of coverages and find the right one for you.

Learn More
Business Icon

Commercial

We browse through a wide variety of coverages and find the right one for you.

Learn More
Life and Health Icon

Employee Benefits

We browse through a wide variety of coverages and find the right one for you.

Learn More
RV and Boat Icon

Surety

We browse through a wide variety of coverages and find the right one for you.

Learn More
Annuities Icon

Life

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Blog > Is a BOP Right for Your Small Business?
FRIDAY, JULY 22, 2022

Is a BOP Right for Your Small Business?

A business owner’s policy, or BOP, is a great insurance solution for small- to medium-sized businesses. This type of policy is favored because it bundles the most common coverages into one policy, with one premium as opposed to paying for policies a la carte. This bundle is fully customizable and generally cheaper than buying individual policies. 

 

Your business may be eligible if it employs no more than 100 individuals and earns no more than $1 million in annual revenue. This is also a popular choice for home-based business owners. Policies include property and liability coverage, along with your choice of the following options (with additional choices offered by some insurers): a person standing in a kitchen

  

  • Property insurance: Covers physical property owned by the business such as buildings, furniture, equipment and inventory. 

  • Liability insurance: Covers third parties who suffer bodily injury or property damage while on your business’ property. 

  • Equipment breakdown insurance: Covers equipment, such as computers and phone systems, that fail or become damaged due to a covered incident. 

  • Data breach insurance: Covers digital resources, such as databases and customer records, from hackers, leaks, identify theft and other covered incidents. 

  • Loss of income insurance: Covers income that is lost due to a covered business interruption, including profits and expenses such as rent and payroll. 

  • Medical payments insurance: Covers third party medical expenses that result from a liability claim. 

  • Employment practices liability insurance: Covers your business’ liability expenses in the event that an employment-related claim is filed due to alleged acts of discrimination, harassment, wrongful termination, law violations etc. 

 

Most BOPs will not include worker’s compensation or commercial auto coverage, which will need to be purchased separately if required. 

 

Ask us about building your own BOP. Call FSB Insurance / C&T Insurance at  (731) 668-9312  for more information on business insurance. 

Posted 9:52 AM

Tags: business, insurance, bop, business, owners, policy, commercial
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021

  • insurance(14)
  • coverage(10)
  • policy(7)
  • business(5)
  • commercial(5)
  • liability(3)
  • auto(3)
  • employee(2)
  • owners(2)
  • homeowners(2)
  • benefits(2)
  • bop(2)
  • car(2)
  • workers(2)
  • compensation(2)
  • personal liability insurance(1)
  • requirements(1)
  • property insurance(1)
  • auto insurance(1)
  • disaster(1)
  • life(1)
  • accident(1)
  • classic(1)
  • laibility(1)
  • vehicles(1)
  • whole(1)
  • terms(1)
  • secuity(1)
  • group(1)
  • damage(1)
  • builders(1)
  • general(1)
  • business owners policy(1)
  • risk(1)
  • cyber(1)
  • online(1)
  • vintage(1)
  • personal umbrella liability insurance(1)
  • professional(1)
  • natural(1)
  • retirement(1)
  • flood(1)
  • health(1)
  • classic car insurance(1)
  • professional liability insurance(1)
  • commercial auto insurance(1)
  • commercial general liability(1)
  • home(1)

View Mobile Version

Contact Us Today!
(731) 668-9312

Social Social Social Social

Resources

  • Products
  • About Us
  • Report a Claim
  • Our Carriers
  • Blog
  • Contact Us

Contact Us

P: (731) 668-9312 | Fx: (888) 415-6423

Jackson Office

460 Oil Well Road
Jackson, TN 38305

P: (731) 668-9312

Murfreesboro Office

319 West McKnight Drive
Murfreesboro, TN 37129

P: (615) 893-5064

McKenzie Office

15715 Highland Drive
McKenzie, TN 38201

P: (731) 352-2424

Humboldt Office

1411 Main Street
Humboldt, TN 38343

P: (731) 784-6666

Martin Office

255 Lindell Street
Martin, TN 38237

P: (731) 587-4217
© Copyright. All rights reserved. | Powered by Insurance Website Builder