Find the Right Business Insurance Agent
and the Right Business Insurance Quote online
iQuote connects you with the right agent for you and the business insurance you need. Whether you are looking for affordable:
We take a tailored, specific approach designed to serve your needs. Answer a few simple questions including your monthly insurance budget and we will connect you with a local business insurance expert who understands you best.
Just tell us:
- Who and where you are
- What type of insurance you need
- Your monthly insurance budget
We'll take care of the rest. Your agent will contact you only the way you want – by email, phone or mail – to talk over the details.
So many insurance quoting services simply send out your information hoping for an acceptable quote to come back. The result for you is altogether too many emails and phone calls from companies that don't understand what you need.
You won't be contacted by every agent on the Web
iQuote helps you locate a local business insurance expert. We also protect your information. When you search for a insurance quote online with iQuote, you’ll hear from one Business Insurance Agent who knows you and your area.
You tell us what you need. You choose how you'd like to be contacted. We find your local expert.
Understanding BOP Insurance
Any successful business owner knows that you need to expect the unexpected - and be prepared to respond in the best interests of your business.
One key safeguard for any business, whether a start-up or established market leader, is the proper insurance coverage. While that may sound obvious, many businesses unfortunately find out too late that their insurance may not provide needed protections.
For eligible small and medium-sized businesses, "BOP" insurance can be a smart and cost-effective option. A "BOP" is a Business Owner's Package policy, and is often explained as similar to a homeowner's policy, but tailored for your business.
Because BOP insurance combines property and liability coverage in one policy, your business can be protected in situations from natural disasters to equipment breakdowns and lawsuits - at a price that typically beats purchasing separate policies.
Individual policies vary widely and can be customized to your specific needs. Your iQuote business insurance expert will work with you to design the best policy for your business.
Evaluating Your BOP Insurance Needs
If your business is small to mid-sized, has 100 employees or fewer and revenue not exceeding $1 million, BOP insurance may be the right choice.
If you run an established business that already has insurance, it is always a good idea to review your policies with a professional to ensure that you are receiving the best possible coverage at the most competitive rates. During your review, you may see that it is more cost effective to opt for a BOP policy versus your current coverage. For new businesses, starting out with a BOP policy will give you broad coverage at a rate that will likely save you money versus buying separate property and liability coverage. Regardless of your current situation, your iQuoteNetwork expert can help you make an informed decision.
BOP Insurance FAQ
What is BOP insurance?
BOP insurance is a Business Owner's Package policy that combines property and liability insurance, typically affording businesses with often significant cost savings over the purchase of separate plans.
Do all BOP insurance plans provide the same coverage?
No, but most plans usually include: property insurance (buildings, inventory, equipment), bodily injury and property damage liability, medical payments coverage, business income insurance, equipment breakdown coverage, rented vehicle coverage (hired auto) and personal and advertising injury coverage.
What types of businesses are eligible for BOP insurance?
BOP insurance is a great way for small to medium sized companies to protect their business. Companies should have 100 employees or fewer with revenues not exceeding $1 million.
What are options for companies that exceed these limits?
Purchasing separate policies will probably be necessary. Your iQuoteNetwork expert can help guide you to the best policies for your business.
I am in a relatively risk-averse business. Is BOP insurance worth it for me?
Unfortunately, no business is immune to risk. BOP insurance can cover situations you may not have considered and can help cover expenses, such as payroll, when such a situation disrupts your business. Your iQuoteNetwork expert can help tailor a plan that meets the specific needs of your business.
What areas are not covered by BOP plans?
BOP plans do not cover professional liability, business auto (fleet) and worker's compensation.
