If you’re a business owner in South Carolina, one of your priorities for protecting your property and caring for your employees will be to purchase commercial insurance. Deciding which types of insurance to buy and whether to add optional insurance plans can be challenging. If you live near Spartanburg, SC, our team at The Allsurance Group can answer your insurance questions and help you compose the right insurance plan for your company. We’ve been taking care of business clients in your area since 1986.

Should Your Business Purchase a BOP Policy?

When learning about commercial insurance options, you may hear an agent suggest a BOP Policy. “BOP” stands for Business Owners’ Policy. The BOP Policy combines liability insurance plus property insurance, including coverage against peril. Business interruption insurance is sometimes also included. Business owners might also consider purchasing insurance coverage against criminal acts, spoilage of merchandise, or forgery. Your business is evaluated for its BOP eligibility by location, revenue amounts, and your business type.

Investopedia says BOP Policies are often advantageous for small to medium-sized businesses. Options for peril coverage in these policies are usually limited to “named peril” events. In other words, only types of peril specified in the policy will be covered. Examples might be fires, smoke damage, explosions, vandalism, and wind damage.

Call Us Today for Your Appointment

As a business owner, you want your business to prosper and succeed. To help you protect your success, our agents at The Allsurance Group will present you with a wide range of insurance options. Commercial clients in the Spartanburg, SC area can rest assured that our agents keep current with modern insurance options. Call us for an appointment today, and let’s talk about commercial insurance.