Starting a small business and trying to figure out just what type of insurance coverage you need? You may need a BOP.
I can hear you now, “Wait, what’s a BOP?”
According to the IRMI Glossary, the holy grail of insurance definitions, BOPs are package policies that provide both property and liability coverage for eligible small businesses. BOPs are written on special coverage forms that are generally very similar to their monoline property and liability form counterparts, but they typically have some unique features that make them especially advantageous for businesses that qualify.
A BOP may or may not be right for you – the need is dependent on the specifics of your business or the risks you and your business may need protection from. The experts at ABD can help determine exactly what type of coverage you need for your business.
ABD Insurance and Financial Services provides risk management, insurance brokerage, human resources, and retirement consulting services. Our advisors offer guidance and craft innovative solutions to help address risk for clients of varying sizes, growth stages, and industries.
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