Saving With Business Owner’s Policy in San Jose, CA
A business owner’s policy (BOP) can protect your business in San Jose, CA, against losses, from legal suits to earthquakes. This blog post from Bayshield Insurance explains a BOP and outlines the requirements for qualifying for one. As BOPs can result in significant savings on premiums, the insurance sector offers them exclusively to certain companies.
Benefits of a BOP
Through a business owner’s policy, your company can access a package that includes the three most frequently procured commercial insurance policies: Commercial property insurance, General liability insurance, and Business interruption insurance. Purchasing these three coverages in a package is more cost-effective than individually. These policies are customizable to your needs, letting you add on coverages such as workers’ compensation and commercial auto, for instance.
Does Your Business in California Qualify?
Several small and medium-sized businesses in California are eligible for this commercial policy. To qualify for a BOP, your business should meet four criteria: operating in a physical space like a retail store or office, employing less than 100 individuals, generating less than $5 million in sales, and owning physical assets vulnerable to theft such as inventory, business equipment, and furniture.
Generally, businesses that opt for a BOP have a higher risk of damage from severe weather or geologic conditions and lawsuits. Retail stores and small manufacturing operations often purchase this policy to provide essential financial protection.
Customize Your BOP Today
Contact Bayshield Insurance today to apply for a business owners’ policy for your business in San Jose, CA. We are here to help ensure your business’s financial stability with tailor-made coverage that caters to your company’s specific needs.
