BOP Insurance in New York

Give your business the protection it needs and the peace of mind you deserve with BOP insurance from HCP Insurance.

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Insurance for New York business owners

New York businesses face various risks, from natural disasters to lawsuits. That’s where BOP insurance comes in.

This all-in-one policy can help protect your business from the unexpected.

What is BOP insurance?

BOP insurance, or a business owners policy, is like a shield for small businesses. It combines various types of coverage business owners won’t want to be caught without when the unexpected happens.

These coverages protect against property damage, theft, lawsuits, and other unexpected risks. It’s like having a superhero suit that can withstand almost anything that comes your way.

These include:

So, if you’re a small business owner looking to armor up and take on the world, BOP insurance is your ultimate weapon of choice. From fires to slip-and-fall accidents, or a customer unhappy with your products or services — you’ll have insurance coverage you can count on.

Typical small business risks BOP insurance covers

  • Property damage

    BOP insurance typically covers property damage caused by perils such as fire, vandalism, or severe weather events. It can also cover repairs, replacement, or rebuilding your business property, including buildings, equipment, inventory, and furniture.

  • Theft

    BOP insurance often includes coverage for theft or burglary, protecting your business from financial loss due to stolen assets or inventory.

  • Business interruption

    This coverage can shield business owners against income loss during temporary cessation of operations due to a covered event (fire, natural disaster). It can go toward replacing revenue, covering expenses (rent, salaries), and aiding in recovery and rebuilding.

  • General liability

    Coverage for incidents on your premises or due to business operations is another key component of these policies. General liability coverage can apply to legal fees, settlements, and judgments. It may even extend to product liability claims for businesses involved in manufacturing or selling products.

  • Product or professional liability

    BOP insurance may offer coverage for product liability (injury, property damage from products) and professional liability (errors, omissions, negligence) for service-based businesses. This protects against claims arising from the services these businesses provide.

Choose HCP’s BOP insurance in New York

With a business owners policy (BOP) from HCP Insurance, you get comprehensive coverage to keep your business financially safe and secure — contact us today.

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Who needs BOP insurance?

We live in a world where business risk lurks around every corner. BOP insurance is not just for brick-and-mortar businesses — it also covers liabilities that can arise from selling products or services, even if you operate a virtual business.

Some of the industries that benefit from BOP insurance include:

Examples of BOP claims scenarios

Property damage

A customer tripped and fell on your premises, resulting in a broken arm. Your BOP policy covers the cost of their medical bills and legal fees associated with the claim.

This can also include instances like a fire causing significant damage to your property. With BOP insurance, you’ll have the coverage to restore or replace damaged items as quickly and efficiently as possible.

Liability coverage

An unhappy customer sues you over faulty products or services you provide. They claim you were negligent, resulting in financial losses and undue stress. Your BOP policy covers the legal costs related to your defense.

Business interruption

A major snowstorm shuts down your business for several days. Your BOP policy pays for lost income, including any salaries or wages you would’ve paid during this time.

No matter what risk is heading your way, HCP’s BOP insurance policies offer comprehensive coverage to give you peace of mind and protect your business from harm.

Frequently asked questions about BOP insurance in New York

Here are some of the most frequently asked questions about BOP insurance in New York.

What does BOP usually cover?

A business owners policy typically covers the following:

General liability insurance

Protecting your business from financial loses if you're sued for bodily injury or property damage caused by your business.

Commercial property insurance

Protecting your business's physical assets, such as your building, inventory, and equipment.

What is included in a business owner’s policy?

A business owners policy (BOP) can provide comprehensive protection for your business, covering property damage, liabilities, and interruption of operations. It ensures you can continue to do business without worrying about unexpected losses or expenses.

Does a BOP cover natural disasters?