Business Owners Policy (BOP) Insurance in Houston, TX
Offering The Citizens of Houston Personalized Insurance Coverage
Every small business should guard against potential financial disasters. Physical damage, such as a fire destroying your premises, or legal issues, like customer injury lawsuits, can be costly. A business owners policy (BOP) may provide crucial funds to help your business recover from unexpected events.
What Does a Business Owners Policy Cover? 
A business owners policy combines three fundamental types of coverage in one package, often at a better price than purchasing them separately. The following are its core components:
- General liability insurance may cover claims of copyright violations, damage to your business’s reputation, defamation of others in advertising, customer injuries on your property and damage to others’ property.
- Commercial property insurance may pay for repair or replacement costs of your buildings, inventory, furniture and tools after covered events like fire or theft.
- Business interruption insurance may compensate for lost revenue if your business must close temporarily due to a covered event.
You can customize your BOP by adding other coverages to match your business needs, such as coverage for liquor-related incidents or equipment failures. This type of policy works well for various small and mid-sized businesses, including retailers, contractors, restaurants and wholesale operations.
How Much Does a Policy Cost?
Rates are different for each policyholder, but most insurance companies calculate premiums based on the following factors:
- Business type
- Location
- Coverage limits
- Claims history
- Number of employees
- Annual revenue
- Safety/security measures
Learn More
For more information on business owners policies, reach out to Devco Insurance Services. Our agents can provide expert guidance and help build your ideal policy. Contact us today.