Property & Casualty

What's a BOP?

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 Newfront can help determine exactly what type of coverage you need for your business.

Source: IRMI Glossary

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Newfront

Newfront is a modern brokerage transforming the risk management, business insurance, total rewards, and retirement services space through the combination of elite expertise and cutting-edge technology. Specializing in more than 20 industries and headquartered in San Francisco, Newfront has offices nationwide and is home to more than 800 employees serving organizations across the United State and globally.

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