Business Owners Policy in Traverse City MI
Unexpected events like property damage, lawsuits or business interruptions can lead to serious financial setbacks. That’s why having a business owners policy is so important.
At Vozza Insurance Agency, we’re here to help you find appropriate business insurance coverage.
What Is a Business Owners Policy?
A business owners policy (BOP) is a convenient insurance package designed for small to medium-sized businesses. It combines several key coverages into one policy, simplifying the insurance process and often reducing overall costs.
What Does a BOP Typically Include?
While the exact coverage may vary depending on your insurer and business needs, most BOPs include the following:
- General liability insurance may cover third-party claims for bodily injury, property damage and legal expenses.
- Commercial property insurance may help financially protect your business’s physical assets, such as buildings, equipment and inventory.
- Business interruption insurance may help cover lost income and ongoing expenses if your operations are temporarily halted due to a covered event.
How Much Does a BOP Cost?
The cost of a BOP depends on several factors, including the following:
- Your business’s location
- Industry type
- Number of employees
- Annual revenue
- Value of your assets
- Claims history
- Policy specifics like coverage limits and deductibles
Get the Right Coverage for Your Business
Choosing the right insurance is essential for long-term stability. If you’re a business owner in Traverse City, Michigan, consider speaking with Vozza Insurance Agency. Contact us today to explore your options and find a BOP tailored to your needs.