Unexpected business losses can have devastating financial effects. For small business owners who often have a more significant financial stake in their company, business losses can result in severe financial hardship. A business owners policy (BOP) can help protect against costly business losses.  

Let us help. Contact Advance Insurance of Northwest Florida to learn how our business owners policies can help protect you from out-of-pocket costs.  

What Is a Business Owners Policy? 
A BOP combines multiple types of business insurance coverage into one policy, allowing eligible small- and medium-sized businesses to get crucial insurance coverages at discounted rates. Although individual policies may vary, business owners policies generally help provide coverage for legal liability, business interruption and commercial property.  

How Does a BOP Protect Your Business 
The following are common ways in which a BOP can help protect your business from costly losses:
 

• Business interruption insurance—This policy may help pay for your business expenses (e.g., loans, payroll) if a covered peril temporarily causes your business to shut down. It may also be called business income insurance. 
• Commercial property insurance—This policy may assist with costs related to lost, stolen or damaged business items (e.g., business equipment, business inventory).
• General liability insurance—This policy may help cover costs (e.g., medical costs, legal fees) associated with claims that your business caused personal injury, property damage, advertising injury or bodily injury to third parties. 

The agents at Advance Insurance of Northwest Florida can help you get started. Contact us today to learn more about our business insurance coverages. 

Who Needs a Business Owners Policy? 
BOP coverages are not generally mandated; however, some clients may ask for proof of insurance to do business with you. Even when it’s not required, you may decide the peace of mind provided by a BOP is well worth the cost of premiums. Ask your insurance agent if you qualify for BOP coverage or contact Advance Insurance of Northwest Florida. 

Where Can I Buy a Business Owners Policy? 
We’re here to help you find the coverage you need. Contact Advance Insurance of Northwest Florida in Pensacola, Florida, to learn more about our BOP coverage and to get an insurance quote.