Orange County, CA insurance agency agent serving California workers compensation insurance, general liability, commercial insurance, business liability, bonds, errors and omissions insurance, business auto, commercial vehicle

A business owner policy, also known as a BOP, is similar to a homeowner policy except that it protects the assets of your business. The BOP is often thought of as a single policy - designed to meet the insurance needs of small business owners. It includes property loss and liability insurance coverage as one might expect, but also will often have special riders that extend the safety net for your business.

Property typically covered by a Business Owner Policy includes the cost to replace or repair buildings, business personal property such as building contents like tenant improvements (say, a fountain that you installed… or additional air conditioning), furniture, fixtures, inventory, machinery, office equipment, files, and the myriad of trivial but important day to day tools you need to run your business. In some cases, your business owner insurance policy may extend to property located off premises, such as a storage area or satellite office. Insurance coverage for the outside of the building could also include glass, exterior décor, and signs.

Most BOP policies will provide some form of business interruption coverage. If your business suffers significant property loss, this could cause a partial or complete cessation of revenues until such time as your physical business infrastructure was restored to its functional state. To meet this contingency, insurance companies offer coverage for the difference between "before loss" and "after loss" income - so you can continue to provide customer service and maintain your payroll, rent, and other non variable recurring expenses.

If you live in an area likely to suffer loss from crime, such as burglary - some business owner policies don't cover those losses. Crime coverage can be purchased as an add-on to your BOP, however - so that you are covered for losses due to criminal acts as well. This could include both losses from outside entities as well as employee dishonesty.

At Prompt Insurance Agency - we carefully study your assets, your location, and your revenue situation to insure that your BOP coverage is adequate for your needs.

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Prompt Insurance Agency is a licensed Orange County, CA - California insurance broker offering commercial coverage to small business, medium business, and large businesses throughout the state of California. As a workers compensation provider, we cover business insurance needs in Los Angeles County, Orange County, San Diego County, San Bernardino County, Riverside County, Ventura County, San Luis Obispo County, and Kern County in Southern California. In Northern California, our business insurance services area includes all commercial insurance needs from general liability to business auto and commercial auto in the major county areas including Alameda County, Sacramento County Contra Costa County, Fresno County, San Francisco County, San Mateo County, San Joaquin County, Stanislaus County, Sonoma County and Monterey County.