MANAGEMENT

Detailed explanation-1: -A Business Owner’s Policy (BOP) combines business property and business liability insurance into one business insurance policy. BOP insurance helps cover your business from claims resulting from things like fire, theft or other covered disasters.

Detailed explanation-2: -What Is Business Insurance? Business insurance coverage protects businesses from losses due to events that may occur during the normal course of business. There are many types of insurance for businesses including coverage for property damage, legal liability and employee-related risks.

Detailed explanation-3: -A businessowners policy (BOP), combines various insurance coverages – such as commercial property insurance, general liability and business income – into one convenient policy.

Detailed explanation-4: -A package policy is an insurance cover which in addition to covering third party liabilities, covers the insured against damages caused to their own vehicle such as accidental damage, fire, vandalism, acts of god, natural calamities, etc.

Detailed explanation-5: -Small business insurance, sometimes called commercial insurance, helps protect a business’s assets, property and income. A business owners policy (BOP) is the most common policy for small businesses, according to the Insurance Information Institute.