Fuqua Insurance Agency offers Tallahassee, FL business owners the commercial insurance they need to protect their financial investments. For small- and medium-sized businesses, a business owners’ policy (BOP) provides the ideal foundation for a commercial insurance policy package.
BOPs Provide More Protection for Less Money
BOPs provide a policy bundle of four common commercial policy coverages that small and medium-sized businesses need at a lower premium than purchasing them separately. A BOP includes:
- Perils coverage, which pays for repairs caused by an event named in the policy, such as fire or tornado,
- Property damage coverage, which pays for damages to the furnishings or other contents of the building,
- Liability insurance to pay for settlements when the business’s negligence causes an accident or injury,
- Business interruption insurance, which pays for interruptions to regular business operations caused by a peril named in the policy.
Although the bundle sells as a preformatted package, the business can add to it, creating a customized policy package that suits the business perfectly.
Qualifying for a BOP
Not every company can purchase a business owner’s policy. Insurers place restrictions on who can purchase them, using criteria based on:
- Annual revenue
- Business location
- Number of employees
- Class of the business
Although each insurer’s qualifications vary slightly, the business must employ less than 100 people and generate less than $1 million in annual revenue.
Contact Us Today
Protect your Tallahassee, FL, business with a BOP from Fuqua Insurance Agency. Contact us today to apply for this money-saving policy package and talk with an insurance agent about the insurance coverage your business needs to add to it.
