At Covenant Insurance, we want our customers in Pooler, GA, to enjoy the commercial insurance coverage they need. Your business insurance should provide coverage without padding or leaving anything out. A business owners’ policy (BOP) combines the four most commonly needed commercial policies in one insurance package at a lower premium than purchasing them separately would cost. A BOP offers a superb deal to businesses that qualify for it.
Applying for a BOP
Small and mid-sized businesses may qualify for a BOP, but large businesses and corporations cannot. If you’re a solopreneur, a BOP also isn’t for you. Apply for a BOP if your business meets the following criteria:
- You only need business interruption coverage for one year.
- You operate a business in a commercial space, such as a retail store or a similar space. It’s not for those who operate a home business.
- Your business employs between one and 100 individuals.
- Conducts the majority of its business on its premises.
- Owns assets that a thief could steal.
- Generates less than $5 to $10 million in sales annually.
The final criteria vary by insurer. Ask your Covenant Insurance agent for the maximum sales figure for a BOP.
If Your Business Doesn’t Qualify for a BOP
If you don’t qualify for a BOP, you can still obtain the liability, business property, and business interruption coverage you need for your Pooler, GA business. You can purchase each type of coverage separately.
Contact our insurance agency today to build your custom commercial policy. Let us help you appropriately cover your Georgia business assets and protect your financial security.
