Business Owner’s Policy (BOP) in Texas
If you’re a small or midsized business in search of reliable insurance solutions for your business, you may want to consider whether a business owner’s policy (BOP) is right for you. The team at Lone Star Insurance Group, an independent agency in Lubbock, is here to help you navigate your insurance needs, which may include purchasing a BOP. Give us a call today for more information.
What Is a BOP?
BOPs combine several types of business insurance into one package. The coverages that are typically included in a BOP are:
Depending on your unique situation, you may be able to add additional policies to your BOP, or you may need to purchase other standalone policies to ensure you have adequate protection. The Lone Star Insurance Group team can help you identify your risks and exposures and come up with an insurance plan to protect against them.
Can Any Business Buy a BOP?
Not all businesses will be eligible to purchase a BOP. Typically, only certain small to midsized businesses that meet specific criteria are eligible for a BOP. When determining eligibility, insurers look at a business’s industry/type of business, its size and class of business and revenue, among other things.
Similarly, BOP premiums are based on a variety of eligibility factors. Talk with your Lone Star Insurance Group agent to find out more about your eligibility and to obtain a BOP quote.
Call Us Today to Learn More
If you’re interested in learning more about BOPs, or how one may be the right fit for your business, give the team at Lone Star Insurance Group a call today.