Getting commercial property, general liability, and business interruption insurance through a BOP. Because a BOP combines several insurance coverage’s that most small- and mid-sized businesses need, the vast majority of businesses in Massachusetts should consider getting a BOP.
Business Interruption Insurance, which may cover income that’s lost due to a covered disaster or incident
Commercial auto insurance, workers compensation insurance, health insurance, and disability insurance usually aren’t included in business owners policies, because not all small- and mid-sized businesses need these coverages. Businesses that do need these other coverages can purchase them in addition to a BOP.
What Advantages Does a BOP Provide?
Often, businesses could purchase the coverages listed above as separate insurance policies. Getting commercial property, general liability, and business interruption insurance through a BOP, however, has two advantages. First, combining multiple policies into one bundle makes paying premiums easier because there is one payment to make instead of several. Second, insurers often provide discounts for getting several insurance policies through one package deal.
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What Massachusetts Businesses Should Consider a BOP?
Because a BOP combines several insurance coverages that most small- and mid-sized businesses need, the vast majority of businesses in Massachusetts should consider getting a BOP. Some businesses may decide they don’t need a BOP, but most will likely find that this is an affordable and easy way to get several insurance coverages. It takes just a few minutes to compare BOPs, so there’s little reason to not at least investigate this type of business.
Business owners can even begin looking for a BOP before their business is officially open. Getting quotes early on in the planning process can make budgeting expenses easier. Business owners just need to know what their business will be and where it might be located, for both of these factors can affect premiums.
Broad Protection for Your Company
Businesses in Massachusetts face many and diverse risks. They may lose a building in a fire, or they might be sued for slander. Of course, there are a plethora of other things that could go wrong and leave a business financially devastated. Insuring against all of these risks requires several insurance policies. A business owners policy makes obtaining these different insurance policies easy.
How Can Businesses in Massachusetts Get A Business Owners Policy?
For help finding a Business Owners Policy in Massachusetts, contact the independent insurance agents at Scotti Insurance Agency. Our agents can request architect policies from multiple insurance companies in the state on your behalf, and they have the expertise needed to help you determine which one is best for your situation.
For quotes or questions, reach out to the experts at Scotti Insurance Agency. We’ll be happy to assist you!
This material is for informational purposes only. All statements herein are subject to the provisions, exclusions and conditions of the applicable policy, state and federal laws. For an actual description of coverage, terms and conditions, please refer to the applicable insurance policy or check with your insurance professional. The illustrations, instructions and principles contained in the material are general in scope and, to the best of our knowledge, current at the time of publication.