What Does A BOP Not Cover?

​The insurance industry created a business owners policy (BOP) to help limit the risk and liability of a business owner. The coverage policy usually comes in one bundled package. 

This type of policy may contain both major property insurance and general liability insurance. Insurance companies typically offer BOP to small and medium-sized businesses. If interested in both policies, the best decision is to ask for a bundle package rather than investing separately.  

Business Owner Policy (BOP) Exclusions 
Although insurers characterized BOP as a comprehensive coverage policy, it is still a considerable policy to think about. If you consider this kind of policy as a business owner, you must be aware of the exclusions. 

The insurance provider usually includes information on the coverage. Below are the commonly excluded risks from a business owner policy:

• Military activities
• Earthquakes
• War
• Nuclear hazards
• Weather conditions
• Power outage
• Pollution
• Flooding
• Losses due to robbery and burglary 
• Gas or smoke from industrial activities
• Fraud caused by an insured employee
• Expansion or shrinking
• Computer system errors of an insured business owner
• Wear and tear damages or losses
• Computer operations errors and omissions
• Rusting and corrosion 
• Lost of property due to incorrect plan and design 
• Changes in temperature and humidity
• Missing property without physical evidence 

Business owners' policy also does usually cover the following:

• Professional Liability Insurance
• Commercial Vehicle Insurance
• Health insurance 
• Disability Insurance
• Workers' Compensation Insurance
• Professional mistakes 
• Property not for business use
• Injured employees

Business owners may need separate insurance policies if they want protection for their offered services, employees, and vehicles used for business. 

How to increase your BOP protection?
You may increase your BOP protection if you can add an umbrella or excess liability insurance. The insurance provider calls this option a supplemental policy that can boost your coverage beyond the allowable limits. 

Depending on the existing policy, the umbrella coverage may increase the coverage. This advantage might help a business owner in handling additional risks. It is also possible to make reimbursement if you have deductibles under this coverage. 

Small to medium-sized businesses can encounter different risks that may affect their operations. Business owners need to have the best solution to help them. 

Conclusion 
Business owners' insurance protects against fire, theft, and other perils. This insurance covers business owner claims. Personal injury or property damage claims are examples.

At CSIS Insurance Services, Inc., we do our best to ensure that our clients are well-protected with affordable and comprehensive policies. We will go the extra mile to help you with your needs. To learn more about how we can help you, please get in touch with our agency at (888) 501-2747 or Click Here to request a free quote. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!