Business Owners Policies
Packaged Coverage For Businesses
Comprehensive Coverage For Businesses
As a business owner, you strive to make decisions that are right for your business, your employees and yourself. This includes decisions about business insurance. You know you need excellent coverage. You don’t, however, have time to become an expert in business insurance.
A Business Owners Policy (BOP) combines property, liability and business interruption coverage for small to medium-sized businesses. This packaged coverage is generally more affordable than purchasing each coverage separately.
Perhaps you need a Business Owners Policy? Or, you would like to add business auto coverage? Did you need commercial property or workers compensation insurance? Whether you are a small business, service provider or contractor, contact Jeff Munns Agency, Inc. today!
Supplemental Coverage Available
Extended liability for additional insureds.
Debris removal, personal property.
Tools and equipment.
Valuable records protection and accounts receivable.
Personal Service
We Provide Top-Notch Customer Service!
Loss Prevention Programs
With our numerous partners, we can evaluate your business’s current conditions and recommend ways to lower property, auto, workers compensation or liability losses. Lowering losses will not only lower your insurance costs but also increase your productivity by avoiding downtime.
Quick Claim Response
If ever the time comes where you need to file a claim, you deserve fast and fair service. We know how important that is and will work hand-in-hand with you to make that happen. That’s why we only represent companies that have excellent records for settling claims fairly and promptly.
Specialized Coverage
Many of the insurance companies we represent specialize in insuring specific types of businesses or industries, offering special coverage and pricing. We work hard to find you the best one for your business. We treat each customer as we would a friend – with fairness, loyalty, and exceptional service.
What People Are Saying
FAQ
What is a Business Owners Policy and what does it cover?
A Business Owners Policy, or BOP, is a packaged insurance policy designed for small to medium-sized businesses. It combines three key coverages into one affordable plan: commercial property insurance, general liability insurance, and business interruption coverage.
Why is a Business Owners Policy more affordable than buying coverage separately?
Because insurers bundle property, liability, and business interruption into a single policy, they can offer it at a lower combined premium than if a business purchased each coverage individually. This makes it an efficient and cost-effective solution for smaller businesses.
What types of businesses qualify for a Business Owners Policy?
BOPs are typically designed for small to medium-sized businesses, including service providers, contractors, and retail operations. If your business has a physical location, employees, or business property, a BOP is likely a good fit.
Can a Business Owners Policy be customized with additional coverage?
Yes. A BOP can be supplemented with additional coverages such as extended liability for additional insureds, debris removal, tools and equipment coverage, and valuable records protection and accounts receivable coverage.
Does a Business Owners Policy include commercial auto insurance?
No, commercial auto coverage is not included in a standard BOP. If your business uses vehicles, you will need a separate commercial auto policy in addition to your BOP.
What is business interruption coverage and why does it matter for small businesses?
Business interruption coverage, included in a BOP, reimburses a business for lost income and fixed expenses if it has to temporarily close due to a covered event like a fire. For small businesses operating on tight margins, this coverage can be the difference between surviving a setback and closing permanently.
How do I know if my current business insurance coverage is enough?
The best way is to review your policy with an independent insurance agent who can compare options across multiple carriers. Jeff Munns Agency can evaluate your current coverage and identify any gaps, whether you need a BOP, commercial auto, workers’ compensation, or other specialty coverage.
Informational statements regarding insurance coverage are for general description purposes only. Read our disclaimer.
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