Business Owners Policy
Protect the business you built.
Business Owners Policy – “Enhanced Insurance”
At Dickey McCay Insurance, located in Copperhill and Tellico Plains, Tennessee, and serving neighboring communities, towns and local mountain Tri-state area of Blue Ridge, Georgia, Murphy, North Carolina, Blairsville, Georgia, Andrews, North Carolina, Sweetwater, Tennessee and Madison, Tennessee. With our quality list of preferred insurance providers, we offer Business Owners Policy and other business, commercial and individual insurance products and services in Alabama, South Carolina, Arkansas and Kentucky as well as Tennessee, Georgia and North Carolina.
At Dickey McCay, we believe in keeping our existing and potential customers informed by sharing basic insurance terms, definitions and understanding of what to be aware of when seeking certain types of insurance like Business Owners Policy, Cyber Insurance, General Liability Insurance, Homeowners or Renters Insurance, etc. Each month, we strive to add something new regarding product pages to enhance our valued customer’s knowledge, so they can make excellent informed decision about their insurance needs. These types of insurance decision can protect your hard work, investments and lifestyle.
What is BOP – Business Owners Policy?
Business Owners Policy (BOP) is enhanced insurance that combines general liability insurance and property insurance. The insurance information institute in an article did an excellent job identifying what was included in the Business Owners Policy.
BOPs Include:
- Property Insurance for buildings and contents owned by the company; there are two different forms, standard and special, which provides more comprehensive coverage.
- Business Interruption Insurance, which covers the loss of income resulting from a fire or other catastrophe that disrupts the operation of the business. It can also include the extra expense of operating out of temporary location
- Liability Protection, which covers your company’s legal responsibility for the harm it may cause to others. This harm is a result of things that you and your employees do or fail to do in your business operations that may cause bodily injury or property damage due to defective products, faulty installations and errors in services provided.
BOPs do NOT cover professional liability, auto insurance, worker’s compensation or health and disability insurance. You will need separate insurance policies to cover professional services, vehicles and your employees.
Something to consider when seeking a business insurance or business owners policy is Insurance companies who sell business or commercial insurance offer policies which combine protection from all or most of the major property and liability risks and package them into one program for the business; however, they can be sold as separate coverages as well. One type of package purchased by a small or mid-sized businesses is the Business Owners Policy (BOP).
At Dickey McCay Insurance, we work with the business to determine whether a separate or packaged policy provides the best protection and meets the goals of the company. Packaged policies are created for businesses that generally face the same type and degree of risk as a larger company. The larger companies usually purchase a commercial package policy or customize their insurance requirements with the specific policies to the cover their special business risks. Our trained professionals seek to understand the short and long term goals and objectives of the business, potential risks, and work with company to make the best insurance recommendation to protect the business. The Business Owners Policy has its advantages but there may be more protection needed. The good news is that whatever your business or commercial need, we have the insurance experience and carrier resources available to protect your assets.
If you have any questions regarding Business Owners Policy or any business or commercial insurance policy, don’t delay – contact us today as a trained professional will handle your call or call you back to listen and answer your valued questions. Also, we have a contact form available if you prefer. Complete the “Request a Quote” form to the right of the article, check the box Business Owners or General Liability and a trained insurance professional will be in touch to listen and answer your questions. Our goal is to determine the right insurance protection for the best price available. Let’s make it a great day!
