Blog

Not sure what a Businessowners Policy covers? As an Oklahoma business owner, you’ve invested time, money, and effort into building your small business. But have you considered how to protect it from unforeseen events? We offer Businessowners Insurance Policies (BOP) designed to provide comprehensive coverage for your business.

What does a Businessowners Policy cover?

Property damage

Similar to a homeowners insurance policy, this coverage protects your physical assets. Whether you own or lease your building, a BOP can cover damage to:

• The building itself
• Equipment
• Furnishings
• Fixtures
• Displays
• Inventory

This means that if a covered event like a fire or severe storm damages your property, you’re protected.

It can also cover business interruption.

Imagine a covered loss forces you to temporarily close your store or warehouse. Business interruption coverage ensures your revenue stream is protected during this downtime. It helps cover lost business income, allowing you to make ongoing expenses and maintain financial stability during uncertain times.

What additional options are available?

While a standard BOP can offers robust protection, you might want to consider these additional options:

Liability Insurance

This coverage is crucial if your business is sued or held liable for accidental bodily injury or property damage from a covered cause of loss.

Commercial Umbrella Policy

For extra peace of mind, consider a commercial umbrella policy. This provides additional liability coverage to help pay costly claims or lawsuits that might exceed the limits of your standard general liability policy.

Explore our full range of coverage

We know that every business is unique. That’s why we offer a full range of commercial insurance options to ensure your business is fully protected. Our experienced agents can help you explore these options and tailor a policy that fits your specific needs.

Don’t leave your business vulnerable in the case of unexpected events. A comprehensive Businessowners Policy can provide the protection you need to focus on what you do best – running your business. Contact us today to review your coverage needs and ensure your business is fully protected.

We’re Here to Help

Whether you’re a longtime policyholder or just starting to look for insurance options, we’re here to help. If you have questions or concerns that you want to discuss, connect with your local OKFB agent today. If you have any insurance-specific questions, we would love to help you find the coverage that best meets your home, auto, commercial and life insurance needs.

Don’t forget to follow us on social! This kind of information and more is just a click away. You can find us on Facebook, Instagram and LinkedIn.