Investing in business insurance makes good financial sense. Most companies recognize the risks they face when confronted with a fire or a lawsuit. However, it only takes only a single incident like this to see just how financially devastating it can be. One simple and affordable way to protect your company is to purchase BOP insurance. A BOP — or Business Owner’s Policy — is perhaps one of the most important tools for safeguarding your company’s assets.

Coverage You Can Trust

When you have a BOP, you can customize the policy to meet your specific needs. This may include coverage for protecting the structure your business operates in (no matter if you own it or lease it). It may also provide a component of liability insurance, which helps to minimize risks associated with lawsuits filed against your company. But don’t overlook how it can go further and protect your assets.

Your business insurance may help cover assets such as:

• Your Inventory: This includes any items you use to sell your products, the products themselves, or any materials that you use to produce your products.
• Your Equipment: This includes items such as any required equipment for producing your items as well as equipment used to protect them. This could include cooking equipment, manufacturing systems, and many other components.
• Your Furnishings: Whether you display your products on shelves or use desks to do the job, these items can be safeguarded by your BOP. Your policy can help minimize risks in situations where the assets are lost or damaged.

Additionally, your largest assets — such as the building itself — as well as any secondary buildings on the property are protected.

Remember that fires, theft, vandalism, and even storms can cause the loss of important items in a matter of minutes. With BOP coverage, you won’t have trouble recouping the losses sustained in such events. Be sure your policy properly reflects the value of your belongings and assets and ensure it offers enough coverage for all of your necessary items, so you can keep your doors open without fail.

Call Heritage Insurance at 800-850-2263 to request a Pennsylvania BOP quote.