We love to support our fellow local businesses! What are some of your SCV favorites? Supporting small, local businesses is a great way to give back and also support your community!
There’s a lot of considerations that go into small Business insurance! That’s why our agents are here to help you get the right coverage for you and your business. Farmers Insurance offers many different types of coverage including:
|Workers’ Comp||Umbrella||Loss Control||And more!|
While all these coverages are available separately, we also offer a solution for business owners who need multiple or all major coverages. And it will likely save you some $$$! Keep reading to learn more about our Business Owners Policy option!
BOP: Designed for Small Businesses
A Business Owners Policy (BOP) combines all the major property and liability coverages into one single policy! A single BOP can have more than 20 separate insurance components, which often makes it a cheaper option than individual policies. Keeping all of your coverage together in one place can also make everything easier for you as a business owner! Your BOP is tailored to your individual business and industry, so you have the protection that you need. Check out our handy cheat sheets that shows industry-specific insurance options you might be interested in!
BOPs are great options for small- and medium-sized businesses! Carriers will usually take into account many things such as the size of the business, any buildings, and the liability limits desired. It is also very important to remember that a BOP does not cover the business owner personally. You will still need to maintain your own, separate personal policies. You may also want to consider taking out a personal Umbrella policy to protect your assets in the event that you are ever sued. Ensuring that your business has the proper coverage also means making sure your personal Auto, Home, and Umbrella policies are up to date!