We know owning and operating a business takes hard work and dedication. As you work to achieve your goals, OKFB Insurance is here to be your partner through whatever life may throw at you.

A Business Owners Policy (BOP) is a specialized package policy tailored to meet the insurance needs of specific small businesses. It simplifies your protection by bundling essential coverages into one convenient policy.

Our insurance for small business owners provides both property protection for risks like fire or theft, and the critical business owners liability insurance needed to shield your assets from common lawsuits. It’s a comprehensive solution designed to get your business back up and running after an unexpected event.

You may be eligible for this well-rounded policy if your business is one of the following types:

  • Retail and Resale
  • Wholesale
  • Convenience Stores and Grocery Stores
  • Apartments
  • Barber and Beauty Shops
  • Restaurants, Delis, and Coffee Shops
  • Artisan Contractor
  • Mini-Storage Rental
  • Professional’s Office
Business Owners Policy Insurance (BOP)

How Much BOP Insurance Coverage Do I Need?

A specialized OKFB agent removes the guesswork by conducting a comprehensive review to determine the right coverage limits for your Businessowners Policy. 

They will first calculate the full replacement cost of your physical assets, including your Building, your Business Personal Property, and your exterior Signs. Next, they will assess your financials to set a Loss of Income limit that can keep your business afloat during a shutdown. This thorough process ensures all parts of your business are properly protected.

Business Owners Policy Coverage Options & Features

Building Coverage

This is the core protection for your physical location. It covers the cost to repair or rebuild your commercial building, whether it’s your retail shop, office, or restaurant, if it’s damaged by a covered event.

Business Personal Property (BPP)

This vital coverage protects everything inside your building that you need to run your business. This includes your:

  • Inventory and stock
  • Computers, cash registers, and electronics
  • Machinery and equipment
  • Furniture and fixtures

Business Interruption Coverage (Loss of Income)

This is one of the most valuable features of a BOP. If a covered property loss forces you to temporarily close your doors, this helps replace your lost profits and cover ongoing expenses like payroll and rent. It’s the coverage that helps you survive the shutdown and reopen successfully.

Signage Insurance Coverage

Your sign is a valuable asset that connects you to your customers. This specific coverage protects your exterior business signs from damage, whether they are attached to your building or freestanding on your property.

PAYMENT OPTIONS & PREFERENCES

Convenient Payment Options

We offer many ways to conveniently pay your businessowners insurance premiums. Choose from a full payment, quarterly payments or a monthly automatic draft from your bank account. Check with an OKFB agent to see which option may be best for you.

Do you need to change your premium payment preferences?

Don’t fret! – We understand life happens. That’s why we allow our policyholders to easily update their payment preferences. Contact your OKFB agent to make a change.