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Business Owners Insurance

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Business owners insurance provided by Strickler Insurance.

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Business owner’s policy insurance or (BOP) insurance is the type of insurance coverage for businesses. Whether you are a small business owner or an owner of a large corporation BOP insurance coverage is vital for your business’s success. Learn more about business owner’s policy insurance.

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What Is Business Owners Policy (BOP) Insurance?

BOP is essentially insurance that combines business property insurance and business liability insurance into one convenient policy. This is done for the benefit of the business owner in order to save them money on a combined insurance policy. By getting both business property insurance and business liability insurance you can cover a variety of costly risks with one basic policy.

What Does Business Owners Policy (BOP) Insurance Cover?

A BOP protects business owners from property damage lawsuits that are covered under liability, business interruption as well as many other things. That’s just the basic coverage, depending on your policy you can also have crime insurance to protect you from costly theft and forgery that can occur within your business and from outside your business. Business owner’s insurance is a great way to protect a wide variety of risks your business faces every day.

Property Insurance And A Business Owners Policy

Half of a business owner’s policy is property insurance. Below are a few examples of what is included in BOP insurance:

  • Fire
  • Flooding
  • Theft
  • Accidental Damage
  • Loss of Income
  • Loss/Damage of Property

Liability Insurance And A Business Owners Policy

Half of a business owners policy is business liability insurance. Below are a few examples of what is included in BOP insurance:

  • Property Damage
  • Lawsuits Involving These Liability Claims
  • Copyright Infringement
  • Bodily Injury & Harm
  • Injury Through Advertising & Reputation Damages
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Business Owners Policy (BOP)
Risk Factor

As a business owner, you've worked hard to build a solid business. But what happens when the unexpected happens? Are you covered?


A business owners policy is uniquely designed to protect your most important assets, including your business, its continuation, your employees, and your way of life. Discuss the details of this coverage with your agent and ensure that you're protected.

Errors and Omissions Liability (E&O)
Risk Factor

If you perform services for others, you are at risk of not doing the work correctly (errors) or not doing it at all (omissions). Lawsuits can arise claiming the error or omission harmed your client and caused them a financial loss.


Errors and omissions liability insurance protects any business that gives advice, makes educated recommendations, designs solutions, or represents the needs of others. Ensure you have this important coverage if you perform services for clients.

Directors and Officers Liability Insurance (D&O)
Risk Factor

Directors and officers (such as board members) are exposed to increased risk factors and are held accountable for acts that claim negligence in the performance of their duties. Any resulting lawsuits are typically expensive to defend, resulting in potentially large settlements.


Obtain comprehensive coverage to protect senior individuals of your company. Directors and officers liability insurance provides coverage for the legal costs to defend a covered lawsuit and provides the money necessary for any settlement beyond the defense costs.

Commercial Umbrella
Risk Factor

What happens when your business faces a large liability loss that exceeds the basic limit of your standard policy?


A commercial umbrella policy provides high limits of insurance, typically between $2,000,000 and $10,000,000. Coverage is extended over your general liability insurance, workers' compensation, business auto, as well as directors and officers liability coverage. It provides a great safety net and helps ensure your business is well protected.

General Liability
Risk Factor

Businesses are susceptible to many risks, such as claims due to bodily injury, property damage, personal injury, and more.


General liability insurance is an absolute necessity for any business. It provides broad coverage when you are deemed responsible and liable, and will also pay to defend any covered lawsuit or action regardless of its merit.

Crime and Fidelity Bond
Risk Factor

What will you do if one of your trusted employees is found guilty of doing something dishonest?


Crime and fidelity coverage is designed to provide coverage for employee dishonesty, forgery and depository, theft, destruction and disappearance, and more. Discuss the details of this coverage with your agent to learn more.

Environmental Insurance
Risk Factor

Could your business cause damage to the environment? If so, are you covered?


Environmental insurance provides protection if an environmental catastrophe occurs.

Systems Breakdown
Risk Factor

With technology performing many tasks in today's world, a breakdown can cause a significant financial burden, including the cost to repair the equipment, the interruption of your business, as well as any lost income and extra expenses.


Comprehensive coverage provides protection against equipment mechanical breakdown. Discuss the details of what's covered with your insurance agent.

Workers' Compensation
Risk Factor

If one of your employees receives an injury or becomes ill due to a work-related occurrence, you are required by law to have the proper coverage in place.


Workers' compensation protects your employees should a job-related injury or sickness occur during the course of employment. This coverage is required by law, so be sure that you understand your obligations.

Business Auto Insurance
Risk Factor

An auto accident can cause bodily injury or property damage to others for which you are responsible, potentially putting your business in financial jeopardy.


Business auto insurance provides coverage for vehicles owned or leased by a commercial enterprise and provides coverage for bodily injury, property damage, and other coverages, and includes both comprehensive and collision coverage.

Employment Practices Liability Insurance (EPLI)
Risk Factor

On average, it's estimated that three out of five businesses will be sued by their employees. While there is nothing you can do to prevent someone from filing a lawsuit, there is something you can do to limit the costs of defending a legal claim.


Obtain employment practices liability insurance to protect your business and its directors, officers, and employees from alleged employment-related acts such as wrongful termination, failure to promote, discrimination, and sexual harassment.

Cyber Liability
Risk Factor

The Internet has spun a whole new web of liability exposures. E-commerce, social networking, cloud storage, and other technologies bring great benefits to large and small businesses alike. But with these benefits also come challenges, including protection of privacy, data, and financial information of your customers.


Cyber liability coverage covers unauthorized access to electronic data or software within your network. It also provides coverage for spreading a virus, computer theft, extortion, or any unintentional act, mistake, error, or omission made by an employee. This coverage is quickly becoming more and more important as you embrace technology to help run your businesses.

Business Income
Risk Factor

What would you do if a fire impacted the operation of your business? Or what if a pipe leak caused a system outage or extended downtime? These and other events can destroy your ability to serve clients and bring in revenue, which can have a major long-term impact on the viability of your business.


Business income insurance compensates you for lost income if the business cannot operate as normal due to damage that is covered under your commercial property insurance policy, such as fire or water damage. Business interruption insurance covers the revenue you would have earned, based on your financial records, had the incident not occurred. The policy also covers operating expenses, like electricity, that continue even though business activities have come to a temporary halt.

Commercial Property
Risk Factor

Your business property is a significant financial investment. What if something happens to it?


Commercial property insurance can help protect the property your business owns or leases, including things like equipment, inventory, furniture, and fixtures. Whether you own your building or lease your workspace, commercial property insurance can be purchased separately or can be combined with other necessary coverage to protect your business’ physical assets.

Get Business Owners Policy (BOP) Insurance Coverage For Your Business

Adding business owner’s policy (BOP) insurance to your policy will help protect your business. While a wide range of businesses get business owners policy (BOP) insurance coverage, below are a few businesses that are extremely likely to get business owners policy (BOP) insurance protection:

  • Business Owners Policy (BOP) Insurance for Restaurants: Get business owners policy (BOP) insurance for your local restaurant. Make sure you are covered for a lawsuit when your pizza is too hot or someone trips over the entry rug.
  • Business Owners Policy (BOP) Insurance for Construction Businesses: Get business owners policy (BOP) insurance for your construction, contracting, or labor business. Avoid liability costs for damaged yards or lawsuits.
  • Business Owners Policy (BOP) Insurance for Small Businesses: Get business owners policy (BOP) insurance for your small business. Stay protected from the unknown.

Does My Business Need Business Owners Policy (BOP) Insurance Coverage?

You will not need business owner’s policy (BOP) insurance until you do. What do we mean by this? Insurance is purchased preemptively. You technically can function as a business without insurance (except for insurance required by the government), but the moment an injury occurs, a lawsuit ensues or a fire starts. That is the moment you will wish you had business owners policy (BOP) insurance. If you do not have business owners policy (BOP) insurance for your business you will not be covered for unknown future costs.

How Much Does Commercial Business Owners Policy (BOP) Insurance Cost?

The cost of BOP insurance depends on how much coverage you get, and what is being covered. The small business typically has lower cost BOP insurance because less is being covered. A larger business with more property higher risk needs a larger BOP insurance policy. With such a wide range of coverage and costs, you can spend anywhere from $400 a year to $4000 a year. I Strickler Insurance we will seek to find you the most cost-effective business owners policy, that covers and protect your business.

Does My Business Qualify For BOP Insurance

Typically BOP insurance is designed for small to midsize businesses. When businesses are just starting, BOP insurance is where they would like to begin in regards to insurance coverage. There BOP insurance can grow with their business up until they surpass about 100 employees and multiple locations. What’s the business grows past that size, they will likely need more insurance coverage than BOP can offer. This is why restaurants, construction businesses, and local businesses typically get business owners’ policies.

Is My Business Required To Have Business Owners Policy (BOP) Insurance?

Technically your business is not required by the state to have BOP insurance. Businesses that are licensed are required to have liability insurance, a part of BOP insurance. Getting a business owner’s policy if you are already required to get liability insurance can help you to get more coverage while saving money.

Business Owners Policy (BOP) Small Business Insurance

Getting business owners policy (BOP) insurance for your small business will help protect your business from unforeseen costs. Whether you need business owners policy (BOP) insurance business insurance for your LLC or your small construction business we can help provide you the correct insurance coverage for your small business. Many people just look for cheap business insurance, but we want to provide you affordable business owners policy (BOP) insurance small business insurance that also provides quality business owners policy (BOP) insurance coverage.

Pennsylvania Business Owners Policy (BOP) Insurance

Pennsylvania has a wide variety of businesses. From local specialty shops to restaurants, Amish furniture, and many more. Pennsylvania is a melting pot of culture and businesses. Make sure your business has a business owner’s policy to protect it from liability and property damage. Contact Strickler insurance for the best BOP insurance in Pennsylvania.

Business Owner Policy Specialist

It’s Strickler insurance and we have a dedicated commercial insurance team. This team works with a wide variety of businesses within Pennsylvania and neighboring states. Within that wide range of businesses, we provide BOP insurance coverage for many of them. Contact Strickler insurance to have a professional commercial insurance agent provide you free information and consulting regarding your business owner’s policy.

Get A Business Owners Policy (BOP) Business Insurance Quote

Strickler Insurance is a commercial business owners insurance agency that is dedicated to your organization’s growth. Contact us for a free insurance quote for your business. We provide insurance in Pennsylvania, New York, New Jersey, Maryland, Delaware, and Virginia.

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