As soon as you cut the ribbon on your new office, restaurant, or storefront, you not only open your doors to new business — you also usher in a variety of risks from your clients, building and equipment. Protect yourself with a Business Owners Policy (BOP), which bundles liability insurance and commercial property insurance in one convenient policy. Because accidents can happen in a mmmbop, you can get two of the most important types of business coverage in less time than it takes to get that reference. (Unless you’re Gen Z.)
What does a BOP include?
General liability insurance – Protects you (the business owner) against the financial impact from claims of bodily injury, property damage, or personal and advertising injury to third parties.
Commercial property insurance – Also called first-party insurance, it covers the four walls of the building that you own. It also covers your owned or leased business property (i.e., your equipment and machinery) for direct physical loss. Commercial property insurance is broken down into two sub-categories:
- Business building insurance covers damage to the owned building structure itself, whether it’s an office, store or warehouse.
- Business contents insurance covers theft or damage of business property inside or within 100 feet of the scheduled building.
Business income insurance – Protects you from lost business income due to direct physical loss or damage. You can receive payment for lost revenue and continued expenses while you’re closed, and even temporarily relocate.
Equipment breakdown coverage – An optional addition to your BOP, it protects you from direct loss or damage to mechanical or electrical machinery caused by a mechanical breakdown or electrical failure.
Hired and non-owned auto coverage – Applies to bodily injury and property damage from at-fault accidents due to the use of an auto owned by one of your employees or hired by your business. In a nutshell, it can pay for the other party’s auto damage or medical expenses.
Why choose Thimble insurance?
With Thimble, you know that you get protection designed for small business owners. It’s quick-thinking insurance for fast-moving businesses, and it puts you in control of your policy.
Ready to get started? Just BOP it on the “Get a Quote” button or download the Thimble app, answer a few questions, and get covered in minutes.