An Introduction to the Business Owners’ Policy

You might start your Chandler, AZ business on a shoestring budget. When looking for ways to obtain all the needed information, equipment, funding, and insurance, San Marcos Insurance Group recommends you purchase a business owners’ policy (BOP).

The BOP means you obtain four insurance policies typically needed by a business in a bundle that costs you less in premiums than purchasing them separately. The standard BOP provides these four types of insurance:

• business interruption,
• liability,
• named perils,
• property damage.

Besides those essential coverages that protect your property and equipment as well as your liability protection, you can also add other coverage to the BOP. They will function as standalone policies but in conjunction with the BOP. For example, you could add a commercial auto policy to protect your commercial vehicle from any type of damage since commercial auto automatically provides full coverage. A crime policy protects a business’ storefront or office space from theft, vandalism, and other crimes of property.

Your business may not need nor qualify for a BOP. San Marcos Insurance Group determines your qualification for a BOP by considering your business’ class, size, location, and annual revenue. Those businesses that do not immediately qualify can apply for a policy under special circumstances.

Contact San Marcos Insurance Group of Chandler, AZ, today to apply for your BOP. Consult with us to learn what other policies your business might need. We can help you find the insurance coverage you need to protect your new business. We want your Chandler, AZ business to grow, so let us help you obtain the insurance protection it needs to thrive.