A business owners policy (BOP) can provide the coverage your company needs. At General Insurance Services of Asheville Inc., we offer customized BOP packages designed for small to medium-sized businesses. Our plans combine key coverages to help reduce financial risk.

What Is a BOP?

A BOP is a group of business insurance policies designed for small and medium-sized businesses. It typically includes:

• Property insurance—This may cover physical assets like buildings, equipment and inventory.

• Liability insurance—This may address legal liabilities for third-party injuries or damage caused by the business.

• Business interruption insurance—This may provide financial support if your company must close due to a covered event.

• Additional coverages—Depending on the insurer, a BOP may be customized to include coverage for additional risks and exposures.

Are There Any Exclusions in a BOP?

Yes, BOP typically has exclusions, meaning certain types of risks or damage are not covered. Common exclusions include:

• Professional liability—Claims related to professional errors or negligence require separate coverage.

• Employee injuries—These incidents are covered under workers' compensation insurance instead.

• Intentional acts—This includes damage resulting from deliberate actions by the business owner or employees.

• Flood and earthquake damage—These often require separate policies.

• Nuclear hazards—This includes damage from nuclear incidents.

Where to Get a Business Owners Policy

General Insurance Services of Asheville Inc. offers tailored insurance solutions. With years of experience and a deep understanding of the local business landscape, we can provide personalized service to help business owners select the right coverage for their needs. Contact us today to learn more.