Running a business in Asheville, North Carolina, comes with risks—including natural disasters and unexpected liabilities. Business owners must be prepared for any situation, which is why a business owners policy (BOP) is essential.

At General Insurance Services of Asheville Inc., our team is ready to help you create an insurance plan that fits your needs and budget. With decades of experience and a deep understanding of the local market, we can provide customized business insurance coverage.

What Is a Business Owners Policy?

A business owners policy is a bundled insurance package that typically includes general liability insurance, property insurance and business interruption insurance. This combination can ensure that businesses are protected against common risks such as property damage, legal claims and loss of income due to unforeseen events.

How Much Is a BOP?

The cost of a BOP can vary widely depending on factors such as the size of the business, the industry and the specific coverage limits. Working with an insurance provider to tailor the policy to your specific needs and budget is essential.

What Does a BOP Cover?

A standard BOP typically provides the following coverage:

• Property insurance may protect the physical assets of the business, such as buildings and equipment.

• General liability insurance may cover legal liabilities arising from accidents, injuries or negligence claims.

• Business interruption insurance may compensate for lost income if the business is forced to shut down temporarily due to a covered event.

Your agent may recommend tailoring your BOP to include other coverage, such as workers’ compensation, professional liability, commercial auto and data breach insurance.

Who Is Covered Under a BOP?

Depending on the policy specifics, a BOP generally covers the business itself, including its owners, employees and sometimes even contractors. This can ensure that key stakeholders are protected against potential risks.

BOP Provider Near You

General Insurance Services of Asheville Inc. can work with your company to build a proper insurance plan to help mitigate the risks your business faces daily. Contact us today for additional information.