Strive Insurance Group, Inc. | Home, Auto, Business & Life Sciences Insurance
  • Home
    • Privacy Policy
  • About
    • Meet Our Team
    • Blog
  • Contact
    • Life Quote
    • Job Opportunities
    • Client Services >
      • Certificate of Insurance Request
      • Payments
  • Home
  • Auto
    • Auto Quote Form
  • Business Insurance
    • Product Liability Insurance
    • Restaurant Insurance
    • A&E Insurance
  • Commercial Landlord Insurance
  • Medical Office Insurance
  • Life Sciences Insurance
  • Home
    • Privacy Policy
  • About
    • Meet Our Team
    • Blog
  • Contact
    • Life Quote
    • Job Opportunities
    • Client Services >
      • Certificate of Insurance Request
      • Payments
  • Home
  • Auto
    • Auto Quote Form
  • Business Insurance
    • Product Liability Insurance
    • Restaurant Insurance
    • A&E Insurance
  • Commercial Landlord Insurance
  • Medical Office Insurance
  • Life Sciences Insurance

8/23/2016

2 Comments

The Advantages Of A Business Owners Policy 

 
Picture
Business Insurance Update
There is no denying the fact that the success of your business depends on the hard work of you and your team. But one disaster can wipe out all your efforts and take the profits to dust.  So, to avoid such a situation, you need to insure your business; whether it is a small enterprise or a large corporation.
​
There are insurance companies which have policies that combine protection for all major property and liability risks into one package. You can also opt for separate coverage. Such a policy is called a Business Owners Policy (BOP). Larger companies tend to purchase a commercial package policy.

What Is Included In A BOP?
BOP’s include property insurance for buildings and equipment owned by the company. If there is any loss of income due to disruption of operation and business because of accidents like fire, it can be covered under the Business Interruption Insurance.

A BOP also covers the company's legal responsibility for the harm it may cause to others, (bodily injury and property damage) as a result of your company’s negligence. BOP’s can also include professional liability, auto insurance, and workers’ compensation insurance.  Earthquake/Flood is not included in most BOP’s.
​
Advantages of A BOP
  • Includes many needed coverages
  • Can be very cost effective
  • Many of the top insurers offer BOPS
  • Can be modified to fit your needs
Strive Insurance Group, Inc. is a full-service independent insurance agency that has been serving the insurance needs of the Dallas area since 1984 (formerly Gordon Lund Insurance). Don't worry, nothing has changed, but our name. In addition to having a presence in the Dallas and North Texas area, we have also expanded to Austin and Central Texas with agent representation and the same professional service.
2 Comments
Millie Hue link
4/19/2018 09:07:10 pm

I appreciate you for helping me understand more about getting a business insurance especially when you talked about the business owners policy. I found it interesting that, while some policies included the whole coverage into one package, this type of insurance can separate the protection of the major property and liability risks. A friend of mine is starting a coffee shop soon, and I heard that he doesn't have an insurance for his business yet. It would be of great help if I share this with him. Thanks!

Reply
Rachel Frampton link
11/5/2020 05:31:37 am

Thank you for pointing out that companies must batin business insurance this may help protect their major property and liability risks. It's also good to know that the BOP will cover the service's legal responsibility, just in case a bodily injury occurred. Well, from my point of view, companies must obtain this type of insurance because this is practical.

Reply



Leave a Reply.

    Archives

    February 2025
    January 2025
    December 2024
    November 2024
    October 2024
    September 2024
    August 2024
    July 2024
    June 2024
    May 2024
    April 2024
    March 2024
    February 2024
    January 2024
    November 2023
    October 2023
    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    January 2022
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016

    Categories

    All
    Architects And Engineers
    Auto Insurance
    Bar Insurance
    Bio Tech
    Boat Insurance
    Business Insurance
    Commercial Insurance
    Cyber Laibility
    Flood Insurance
    Holiday Safety
    Home Business
    Home Insurance
    Life Sciences
    Medical Devices
    Medical Offices
    Personal Insurance
    Product Liability
    Professional Liability
    Property
    Restaurant Insuurance
    RV Insurance
    Toy Insurance

    RSS Feed

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not to be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher. Privacy Policy.​

​Strive Insurance Group, Inc. | 701 N. Central Expressway Bldg 1|Richardson | Texas | 75080 | 866.538.8174
Photos from Randy Heinitz, dhublimited, Gamma Man, Nguyen Vu Hung (vuhung), roarofthefour, propertysnaps, Ada Be, Mire de rien