What Are the Additional Coverage Options You Can Add To Your BOP?

​If you want to improve the usefulness of your current BOP insurance policies, there are certain coverage points that you could add to your existing document. We will discuss some of these additional coverage points so that you can see the benefit of adding them to your current policy.

If you want to learn more, please don't hesitate to continue reading.

Word Meanings
BOP stands for Business Owner's Policy. It essentially combines business property and liability insurance within one policy. It can help cover your business from claims resulting from artificial disasters such as theft, fire, and other related situations.

Optional Coverage
Now that you know what BOP insurance stands for, we can discuss the extended coverage points you can get for the policy depending on your company's function and needs down the road. Here are some additional details regarding these.

Bodily Injury and Data Breach Coverage
This particular policy can also cover bodily injury depending on the company's nature of using it. Some companies that handle data security also add optional coverage points such as breach coverage and utility service coverage.

Consider using these optional coverage points if you truly want to improve your services as a data and information technology company.

Additional Information: Customizing Your Policy
If you truly want to insure your business thoroughly, you must learn to customize your policy. Policies are naturally built to cover and protect companies with higher risk. Customizing your insurance policy is a must if you want additional protection from potential losses for damages in case your data gets lost because of natural and artificial disasters.

It Can Protect Physical Business Establishments
A business owner's policy can add value to your business if you have physical locations. Your branches will be protected from additional liability if a physical store is attached to your virtual platform.

Protection from Legal Liabilities
It can also protect you from potential liability in case you get sued. For example, this will work if an employee sues you because of an accident that occurred within the workplace and rendered him out of commission for a few weeks. The BOP insurance policy will cover the expenses instead of getting his hospital payments out of your pocket.

Conclusion
With these various advantages, you will certainly be able to upgrade your existing Business Owner's Policy. It is just a matter of knowing what you can expect from the policy regarding coverage and what you can add. Fortunately, the Internet can provide many sources you can use for research, and you can always call our company at Family Auto Insurance Agency.

At Family Auto Insurance Agency, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (313) 285-9042 or Click Here to request a free quote. Any coverage discussed is not guaranteed. Contact us today to go over your specific needs and we are happy to help you find a policy that works for you and your budget!