Business Owners Policy (BOP) Insurance in Phoenix, AZ & Glendale, AZ

As the owner of your own business, you enjoy lucrative and rewarding opportunities. However, your business’s profits, prosperity and potential can all go up in smoke if you don’t invest in appropriate business insurance. Coverage for businesses can be complicated and often requires you to address many risks using several types of insurance. This is where business owners policies (BOPs) can assist as a multifaceted and versatile form of financial protection.

What Is a Business Owners Policy?

A BOP is a type of insurance policy typically available only to small- and medium-sized companies. These products bundle several forms of insurance together. In doing so, BOPs can provide a convenient solution to address many common risks and exposures across various industries and sectors. Additionally, by combining multiple types of coverage under a single policy, your business may enjoy lower overall costs than if you’d shopped for each form of insurance separately.

What Does a Business Owners Policy Cover?

Your business’s BOP can often be tailored to suit your needs, preferences and risk tolerance; however, in most cases, these products include the following components:

• General liability insurance—This part of your BOP can assist with third-party losses for which you’re at fault, such as bodily injuries, property damage and personal and advertising injuries.
• Commercial property insurance—This type of insurance may help your business recover losses involving its building, furniture, electronics, equipment, inventory and other tangible assets.
• Business interruption insurance—If your business experiences delays or must temporarily shut down due to a covered incident, this coverage can compensate you for the income you would have earned and other ongoing expenses, such as loan payments and payroll.

How Much Does My Policy Cost?

BOP rates may be influenced by many factors, such as the following:

• Industry
• Location
• Size of workforce
• Value of insured assets
• Business revenue
• Claims history
• Coverage details (e.g., limits and deductibles)

Learn More

Serving businesses in Phoenix, Glendale, Avondale, Tempe, Mesa and Litchfield, the team at Ayala Insurance Services is well-positioned to help you get the proper coverage. Contact us today to get started.