The short answer is YES. Most businesses need a Texas Business Owner Policy (BOP). A BOP is designed to insure a business for both a liability component of a policy similar to a General Liability policy and property coverage similar to a commercial property insurance policy in one policy at a typically discounted rate. A BOP is designed for smaller businesses meeting the needs of a business combining both liability and property protection in one policy. ConXis Insurance Services has many “A-rated” carriers that we can shop to find the best policy at the best prices for you.
A (BOP) combines business property and business liability insurance into one business insurance
policy. BOP insurance is designed to insulate your business from claims resulting from things like fire, theft, or other covered disasters. Texas Business Owner insurance also helps cover claims that could arise from your business’s operation. These include claims of bodily injury or property damage.
Businesses can tailor their (BOP) to help meet their unique needs by adding optional coverages like:
- Data breach
- Business income for off-premises utility services
- Other specialized coverages
A BOP policy is great because it can be custom-made to fit small business insurance
needs, It is versatile enough to be used for all businesses of any size. Package policies, such as a BOP, are built to cover businesses that generally face the same risks.