Give your business the protection it needs and the peace of mind you deserve with BOP insurance from HCP Insurance.
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.
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.
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.
BOP insurance often includes coverage for theft or burglary, protecting your business from financial loss due to stolen assets or inventory.
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.
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.
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.
With a business owners policy (BOP) from HCP Insurance, you get comprehensive coverage to keep your business financially safe and secure — contact us today.
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:
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.
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.
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.
Here are some of the most frequently asked questions about BOP insurance in New York.
A business owners policy typically covers the following:
Protecting your business from financial loses if you're sued for bodily injury or property damage caused by your business.
Protecting your business's physical assets, such as your building, inventory, and equipment.
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.
Yes, it can. Many policies cover natural disasters like fires, floods, earthquakes, high winds, and hail storms. Be sure to check with your provider, as coverage details may vary.
You’ll want to purchase specific cyber liability coverage for protection from cyber incidents. BOP insurance typically does not include this coverage — it’s a separate coverage you can buy.
Yes, you can customize your BOP coverage to meet your specific needs. We'll help you understand your options by providing different options for coverage.
For example, you can add or remove coverage options, and adjust coverage limits depending on your unique risks.
If you have an incident and need to make a claim on your BOP, you should contact your insurance agent immediately. Your agent will help you to file the claim and will work with the insurance company to get your claim resolved.
Retail businesses
Professional service providers
Medical offices
Real estate owners / property managers
Contractors / construction
Fitness centers / gyms
