As every small business owner knows, you can do everything right and still wind up facing a catastrophic loss. A fire could damage your office, keeping it closed down until repairs are made. A customer could slip and fall and sue you. Or your inventory could be stolen or destroyed. No matter what type of business you own, one way to ease that stress is to make sure your business has the right insurance coverage. And one of the best ways to protect your business is to buy a Business Owner’s Policy, or BOP.
Who needs a BOP?
Generally speaking, you need a BOP if you have assets that can be stolen, damaged or destroyed; if there is any chance that you could be sued; and if your business has a physical location, whether you own or rent the space.
BOPs combine coverage for your property and your liability in one customizable—and cost effective—policy. They can be written for any size business, but are especially helpful for small businesses.
Customize your policy with Main Street America
One of our insurance partners, Main Street America Group, offers one of the best business owners policy programs available. Whether you’re a contractor, a real estate agent, a hair salon owner, or you own a restaurant or a retail store, you’ll be able to customize your policy to best meet your needs with the Main Line Business Owner’s Policy (Main Line BOP). This program offers traditional BOP coverage:
- Property insurance for property, both buildings and contents, owned by your business
- Liability protection should your company be liable for property damage or bodily harm, either by something that you or your employees did (or failed to do) in your business activities
- Business interruption coverage, which covers the loss of income resulting from a peril—like a fire—that disrupts your normal business operations
In addition, the Main Line BOP offers broader eligibility and more coverage options, all at very competitive rates! And if you need a commercial auto policy, Main Street America offers those as well.
If you want to know more about the Main Line BOP, or any of our other insurance products or partners, please call us at 813-672-4100. We’ve been serving businesses like yours in the Tampa Bay area for more than 30 years.
And remember, L & M Insurance Group is a full service independent insurance agency—we can take care of all your commercial and personal insurance needs! Give us a call, or click here to contact us online.
