Business Owners Policy
Properly used, the Business Owners Policy (BOP) can be a powerful and economical way to address a broad range of risks to your firm that are not covered by professional liability insurance. One common problem with the BOP stems from its low cost and simplicity. While firms pay close attention to their professional liability, the business owner’s policy may be ignored for years. At Triest Agency we schedule regular review of your policy coverages to keep them in line with your changing needs.
The basic BOP policy includes the amount you choose for General Liability and your office contents as well as minimal amounts for:
- Valuable Papers & Records
- Computers & Data
- Employee Dishonesty
- And many more…
The problem is that the included amount for reconstruction of your papers and records might be as little as $3,000. Restoring your active files in the event of a loss could be your biggest exposure. For the business owner’s policy (BOP) to be effective, it has to be set up with your firm’s needs in mind and it has to be maintained by regular review. Valuable papers & records coverage is just one example; there are dozens of optional coverages and amounts.
If you currently have a business owner’s policy, we will be happy to review it, discuss your needs and help you find the right fit. If you don’t have a policy, we will be happy to discuss your needs, and develop a proposal for you.
To learn more about how we may be able to help you with a business owner’s policy for your firm, please feel free to speak to one of our dedicated agents as soon as possible.
Contact Triest Agency today.