Is a BOP right for your small business?
Several factors determine business insurance policies, including:
- The type of business.
- The location of the business.
- Is the business staffed with employees?
If you employ less than 100 employees and brings in up to $5 million dollars in revenue, you are most likely eligible for a BOP (Business Owners Policy). A BOP is ideal for small businesses (https://www.sba.gov/contracting/getting-started-contractor/qualifying-small-business) as it combines Liability and Property Insurance and is more cost-effective than having separate policies customized for your type of business.
This video from the III (Insurance Information Institute) asks and answers the question, "Do you know what a BOP is?"
nsurance Today Inc. is here to guide you through the insurance search. Call us at (888) 502-8331 or contact us today. We're happy to answer any questions you may have about insurance for your business.