A Business Owner's Policy (BOP) is one way to buy business insurance. A BOP is essentially a package of coverages that address specific concerns that are typical to a certain type of business and can be underwritten and competitively priced for a specific industry or segment of an industry. BOPs can include property, liability, commercial auto and umbrella coverages in one policy. In many cases Workers Compensations is also available.

There are a number of BOP's outlined on this site. If you're wondering if an insurance package exists for your line of business, contact Ellis Insurance today.

The Precision Policy (from The Maryland Commercial Insurance Group) is a great example of a BOP for a wide array of wholesale businesses. Coverage includes:

Real Property:

• Building and structures
  
• Newly acquired or constructed buildings
  
• Personal property (yours and others)
  
• Personal property at newly acquired buildings
  
• Glass breakage
  
• 12 Months actual loss sustained business income coverage
  
• Inventory and appraisal
  
• Outdoor property (for example: fences, signs, etc.)
  
• Installation
  
• Off-Premises power or water failure
  
• Installment sales
  
• Fire Department service charges
  
• Fire extinguisher re-charge
  
• Lock and key replacement
  
• Pollutant cleanup and removal

Accounts Receivable Coverage

12 Months' Business Income Loss

Business Income Loss if your Business is a Dependent Property (loss due to a key supplier or purchaser)

Employee dishonesty

Automatic 50% Seasonal Increases

Doubled "Products/Completed Operations Aggregate" Limit

To find out more about this type of insurance and the limits provided for all coverages, contact Ellis Insurance. We'll be happy to answer all of your questions. For a no-obligatioin quote, please complete our brief online form.