Business Owner's Policy

Streamline Coverage: Combine Liability and Property in One Policy

Tailored Business Owner’s Policy

A business owner’s policy (BOP) combines general liability and commercial property insurance, offering strong, affordable coverage for small to medium-sized businesses. It simplifies insurance while guarding against typical business risks.

At Calrisk Insurance Center, we understand the unique challenges and risks that business owners face every day. Business owner’s policy is designed to blend the critical coverages you need into one seamless package, ensuring that you can focus on what you do best: growing your business.

What Does a Business Owner’s Policy Cover?

General liability insurance: Protects your business from liability claims involving bodily injury, property damage, and personal injury that can occur during your business operations. This coverage is crucial for defending against lawsuits and claims from third parties.
Commercial property insurance: Protect your physical assets, including your building, equipment, inventory, and furniture from damage or loss due to fire, theft, vandalism, or explosions.
Business interruption insurance: This coverage provides financial assistance for lost income and additional expenses if your business is temporarily unable to operate due to a covered loss.

The Risks of Operating Without a Business Owner’s Policy

Without a business owner’s policy, your company is at significant risk. You would be financially responsible for any liability claims involving bodily injury, property damage, or personal injury during business operations, which could lead to costly lawsuits. Additionally, any damage or loss to your physical assets, such as your building, equipment, and inventory, would need to be covered out of pocket, potentially resulting in severe financial strain. Furthermore, in the event of a temporary business closure due to a covered loss, you would not receive financial assistance for lost income and additional expenses, jeopardizing your business’s ability to recover and continue operations.

Frequently Asked Questions

Who needs a business owner’s policy?

A BOP is ideal for small to medium-sized businesses, especially those with physical locations, such as retail stores, restaurants, and offices. It’s best suited for businesses looking for both property and liability coverage bundled into one.

How does a business owner’s policy benefit my business?

By combining key insurance coverages, a BOP simplifies your protection strategy and can be more cost-effective than purchasing separate policies. It also offers peace of mind, knowing you’re covered for a wide range of incidents.

Are there any exclusions in a business owner’s policy?

Yes, like any insurance policy, a BOP has exclusions. Common exclusions might include flood damage, earthquakes, and intentional acts. It’s important to review your policy details to understand these exclusions.

How do I know how much coverage I need?

The amount of coverage depends on various factors, including your business size, industry, and the value of your assets. Our expert insurance agents can help assess your needs and recommend appropriate coverage levels.

TESTIMONIAL

Honest Reviews from our Client

Always helpful, friendly and efficient. Calrisk Insurance Center has been our broker for years and our agent always gets us the best rates! We look forward to working with you for years to come!

Everyone I talk to at Calrisk is very helpful. I never get the run-a-round or sit on hold forever. Customer service as it should be while other businesses avoid customer contact.

Calrisk is the best insurance company! Personnel are always super helpful and very nice. I highly recommend this company. Always reasonable pricing.

Very competitive rates for all my commercial insurances. Very convenient and quick response when requesting certificates of insurance. I would definitely recommend their services.

My company has been working with Calrisk Insurance Center for a few years now and all I can say is that they make everything easy and they are helpful with any question I may have. Highly recommend !!! 5 stars!

We have been doing business with Calrisk for years. Agents are prompt to respond, courteous and always looking out for the better needs of my business.

Additional Coverages

General Liability Insurance

General Liability Insurance keeps your business safe from financial trouble if someone gets hurt or their property gets damaged because of your business. It covers legal fees, medical expenses, and damages. Perfect for any business wanting peace of mind against unexpected claims.

Worker's Compensation Insurance

Mandatory in most states, this insurance covers medical expenses and a portion of lost wages for employees who get injured or sick from their job.

Commercial Property Insurance

Plan for the unexpected. Protect your company’s physical assets, such as its building, and contents, including inventory, furniture, and equipment with commercial property insurance. It covers losses should your business have a fire, explosions, burst pipes, storms, theft, or vandalism.

Protecting What Matters Most to You

Quality Insurance Coverage from a Trusted Agency

Enjoy peace of mind knowing we’ve got you covered.