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What is a BOP or a Business Owners Policy?
For many California Business owners a BOP
or business owners policy is the way to go when it comes
to getting the best possible coverages for their business.
Bops provide coverages that are often only available as mono-line
policies bundled into one comprehensive package at an affordable
rate.
Business owners policy bring together property, equipment and
legal liability coverages to provide a comprehensive plan that
is well suited for many business. Premiums for this
category of business insurance start at $500(i.e. Minimum
Premium) for many carriers
and will be based on business type, risk, and size. Some
premiums, or the rate your California based business will pay
for a particular policy, are based on revenue while others are
specific to the business and since BOP's are written for some
many types of business it is difficult to define their structure
for every business type. If your business is able to be
written on a Business owners policy make sure to discuss your
particular needs with your broker as the coverages provided by
the standard form many not be sufficient for your particulr
business. In these cases a monoline policy can be written
or your policy can simply be endorsed to provide the needed
coverage.
Get a business owners Quote
Online
Coverage Options available in a Business
Owner's Policy:
Property Coverage Features:
Special Form
Replacement Cost
No Co-Insurance
Deductible Options: $500 to $25,000
Building Coverage Includes:
Completed Additions
Fences & Fixtures
Permanently Attached Machinery & Equipment
Building Glass
Retaining Walls
Owned equipment used to maintain property
Newly acquired or constructed buildings - $500,000 for 180 days
Ordinance of Law - $25,000
Outdoor Trees, Plants & Shrubs - $3,000
Business Personal Property Includes:
Property within 1000 feet of the premises
Improvements & Betterments
Money & Securities
Theft of furs up to $2,500
Theft of jewelry, watches and precious metals up to $5,000
Newly acquired business personal property - $250,000 for 180 days
In Transit and at temporary locations you do not own
Spoilage
Temporary Relocation of Property - $50,000 for up to 90 days
Theft damage to rented property
Non-Owned Detached Trailers - $5,000
Equipment Breakdown - Included
$25,000 coverage for pollutant contamination
$25,000 coverage for expediting expenses
$100,000 limit to diagnostic, power generating or production equipment
(Limit can be increased by endorsement)
Electronic Data Processing
Included in Business Personal Property limit to $50,000 maximum (Limit can
be increased by endorsement)
Interruption of Computer Operations - $25,000 aggregate for physical loss to
EDP equipment
Worldwide Coverage
$25,000 Transit - Off Premises
$25,000 Newly Acquired EDP
$25,000 Backup Data off premises
$25,000 Electronic Vandalism
Fine Arts up to $25,000 (Limits can be increased by endorsement)
Signs - On premises
Business Income & Extra Expense - Actual Loss Sustained for up to 12 months.
Deductible does not apply
Up to 60 days extended period of indemnity
Business Income newly acquired premises - $250,000 for 90 days
Additional Coverage Included:
Arson & Theft Reward up to $5,000
Claim Data Expense - Up to $5,000 for appraisal and inventory expenses
Debris Removal - 25% of direct claim amount to maximum of $25,000
Expediting Expenses up to $25,000
Fire Department Service Charge to $25,000 (deductible does not apply)
Fire Protective Equipment Discharge - $10,000 for accidental or intentional
discharge
Pollutant Cleanup and removal - $25,000 annual aggregate
Employee Dishonesty - Up to $25,000 (Limit can be increased by endorsement)
Forgery or Alteration - Up to $25,000 (Limit can be increased by
endorsement)
Accounts Receivable - Up to $25,000 (Limit can be increased by endorsement)
Valuable Papers - Up to $25,000 (Limit can be increased by endorsement)
Liability Coverage Includes:
Premises & Operations
Advertising & Personal Injury
Blanket Contractual - Oral & Written
Products & Completed Operations
Broad Form Property Damage
Unlimited Defense Costs
Host Liquor Legal Liability
Medical Payments - $5,000
Damage to Premises Rented to You - $300,000
Web Extend for website liability
Limited Worldwide Coverage
Liability Options Available:
Aircraft chartered with crew
Blanket Additional Insured
Blanket Waiver of Subrogation
Bodily Injury - Amended Definition
Broadened Named Insured
Incidental Medical Malpractice
Injury to co-employees and co-volunteers
Knowledge and notice of occurrence
Non-Owned Watercraft increased to 50'
Personal Injury - Assumed by Contract
Employee Benefits Liability
Garagekeepers Legal Liability - Available by endorsement
Hired & Non-Owned Auto - Available by endorsement
Umbrella
Get a business owners Quote Online
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We help our clients reduce expenses while maintaining or improving
their over all insurance coverage.
- Average Reduction in Premium 10-20%
- We work for you
- Reduce time managing insurance programs
- Identify Coverage gaps
- Risk analysis
Contact us
Commercial Insurance Broker for:
Why work with Arroyo Insurance Services:
- Arroyo has been in operation since 1986
- Choice - Over 35 A Rated Carriers
- Dedicated account manager
- 4 Hour turn around on certificates
- Loss prevention program
- Workers Comp Claims Management
- Personalized Risk Assessment
- 98% Client Retention rate
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