Business Owners Policy (BOP) for Kentucky & Tennessee
Comprehensive Protection for Small to Mid-Sized Businesses
For many small and mid-sized businesses in the London, KY, Tri-County area, a Business Owners Policy (BOP) is the ideal foundation for their commercial insurance needs. A BOP bundles the two most essential coverages—Commercial Property and Commercial General Liability—into a single, cost-effective package. London Insurance Agency has been serving the commercial needs of local businesses since 1922, and we use our century of experience to ensure your enterprise is protected against common risks.
As an independent agency, we access multiple top-rated providers to offer a range of customizable BOP options. This approach allows us to find the right combination of protection and price, ensuring your focus remains on growth. Our licensed insurance professionals understand the needs of local entrepreneurs, and we are here to tailor a BOP that specifically fits your operation, whether you're a retailer, office professional, or service provider.
Key Coverages Included in Your BOP
A BOP simplifies your insurance while providing critical financial security against interruptions and claims.
Commercial Property Coverage: Protects the physical assets of your business, including the building (if you own it), equipment, inventory, furniture, and fixtures from covered perils like fire or severe wind.
Commercial General Liability (CGL): Provides defense and financial protection against third-party claims of bodily injury or property damage that occur on your premises or arise from your operations.
Business Interruption Insurance: Also known as Business Income, this is a vital inclusion that replaces lost income if a covered property loss forces your business to temporarily shut down or relocate. It also helps pay for ongoing expenses like rent and payroll during the recovery period.
Customizing the BOP for Your Unique Business
While the BOP is a package, it is highly customizable. Our experienced agents work with you to add endorsements that cover risks specific to your industry or size. This may include coverage for valuable papers and records, protection against electronic data loss, or coverage for property in transit.
It is important to understand what the BOP does not cover, as you may need additional policies:
- Workers' Compensation: Required by law if you have employees and must be purchased separately.
- Commercial Auto: Coverage for company-owned vehicles, including fleet vehicles, requires a separate policy.
- Errors & Omissions (E&O): Professional liability for mistakes in professional advice is not covered and requires a separate policy.
We guide you in assembling a complete insurance portfolio that extends beyond the BOP, ensuring all aspects of your operation are secured.
Your Local Commercial Partner
We are committed to providing superior customer service and competitive products to the businesses of the Tri-County area. Our goal is to do the legwork so you can focus on success, confident that you have a strong local partner in your corner. Our partnership with Keystone Insurers Group further enhances our ability to deliver comprehensive solutions, giving us access to specialized products and knowledge to secure your business future. You can rely on us every step of the way.
FAQS
FAQ for Business Owners Policy (BOP)
What size business is a Business Owners Policy (BOP) best suited for?
A BOP is typically best suited for small to mid-sized businesses that face common, lower-risk property and liability exposures, such as small retail stores, professional offices, or small service providers
Does the BOP include coverage for an employee injured while working?
No, injuries to employees while they are working must be covered by a separate Workers' Compensation insurance policy, which is not included in a standard Business Owners Policy.
If I run my business from my home in London, KY, is it covered by a BOP?
A BOP can be structured to cover a home-based business, but you should speak with one of our agents to ensure your specific business property and liability risks are adequately covered, as a standard homeowners policy will have severe limits.
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