Business owner policy (also known as Balance of Payments Insurance) In an insurance policy contains two important coverage: general liability insurance and commercial property insurance. Also known as property and liability insurance, a business owner policy is easier to manage than having multiple policies.
Do I need property and liability insurance?
Almost any company that owns the property (buildings, equipment, furniture, etc.) used to run its business can benefit from property and liability insurance because it covers a wide range of potential insurance claims. If you rent space, you should also consider BOP.
Property insurance in the business owner’s insurance policy can cover:
- Your building or leased space
- The contents of your building, including tools, equipment, inventory, and the property of other people in your care, custody, or control
- Business interruption due to property damage and related expenses (such as paying net income and salary costs)
The general liability insurance in the BOP can cover:
- Customer property loss
- Harm to non-employees
- Product Liability
- Defamation, defamation and copyright infringement
All of these protections are provided in a combined insurance policy.
What is the cost of property and liability insurance?
The cost you will pay for BOP insurance depends on many factors.However, it is easy to get one Property and liability insurance quotes online.
At biBERK, we work directly with you-no middlemen or brokers-so our rates are 20% lower than other suppliers. In many cases, you can protect your business with property and liability insurance for as little as $50 a month.
Property and customer commercial insurance: easily available online
if you need Property and customer commercial insurance, You will be happy to know that you can buy BOP online from biBERK. Then, if you have a claim, you can also submit it online. Eliminating the hassle of insurance is part of our mission, so small business owners can focus on running their business.And, of course, if you need to work with Licensed Insurance Expert, Our team is happy to help you at any time.
Frequently Asked Questions about BOP Insurance
Some of the questions business owners often ask about BOP insurance include:
What is the difference between BOP insurance and general liability insurance?
BOP includes general liability insurance, but it also provides commercial property protection.
Does biBERK provide a business owner policy in my state?
We provide BOP insurance and other policies in many places.View our Overlay.
Why provide biBERK for small business insurance?
We are part of Warren Buffett’s Berkshire Hathaway Insurance Group, with millions of satisfied customers, more than 75 years of insurance experience, and a total of $38 billion in claims paid in 2020. Moreover, we specialize in small business insurance, so we can help you determine how to best protect your company.
About biBERK commercial insurance
biBERK can help you meet all small business insurance needs, including: commercial vehicles, general liability, property and liability, umbrellas, and workers’ compensation. https://www.biberk.com
Laksh Gupta | 402-408-2870
Version number: 56429
There is no offer to sell, no invitation to buy, and no recommendation for any securities or any other products or services in this article. In addition, nothing in this PR should be construed as a recommendation to buy, sell or hold any investment or securities, or participate in any investment strategy or transaction. You are responsible for determining whether any investment, investment strategy, securities or related transactions are suitable for you based on your investment objectives, financial situation and risk tolerance. Regarding your specific business, legal or tax situation, please consult your business adviser, lawyer or tax adviser.