Does Your Business Qualify for a Business Owner’s Policy (BOP)?

Many small businesses in California qualify for Business Owner’s Policies (BOPs). This commercial insurance package provides the four most essential types of coverage for a lower premium than purchasing each policy separately. Armorcrest Insurance Services can help you find out if your El Centro, CA, business qualifies for a money-saving commercial insurance package.

BOP Qualifications

Only small and mid-sized businesses qualify for a BOP. Although the eligibility criteria vary between insurance companies, each firm considers the class of business, the business’ location and size, and its annual revenue. Only low-risk industries can obtain a BOP, and the firm can only do business on-premises, such as a retail store or café. Let’s consider the specific criteria used:

  • Employs less than 100 individuals
  • Maintains an on-premises business
  • Generates revenue of less than $1 million annually.

Some carriers limit the purchase of a BOP to those businesses needing 12 months or less of business interruption coverage.

Why Choose a BOP?

When you find a business, tight budgeting can help you afford more business essentials. Buying a BOP enables you to afford more necessary commercial insurance to protect your fledgling firm because the policy package provides the four most commonly purchased insurance policies at a lower premium than you would pay if you purchased them separately.

Contact Us Today to Build Your Policy

Call Armorcrest Insurance Services serving El Centro, CA to set up your Business Owner’s Policy. Protect your business against liability and damage to property and equipment. Also, it can provide for your employees and your salary in the event of a business interruption, such as those caused by a natural hazard.