What Is BOP And How Does It Work?
29 Apr

A BOP or Business Owners Policy is essentially a package policy that is meant for small businesses. This package comprises both general liability insurance and commercial property insurance. BOP is typically offered by insurance companies that offer their services to small businesses. In addition to that, in order to qualify for a BOP, small businesses need to meet a set of requirements. For instance, their size must be less than the specified number, and they must work within a list of industries.

Advantages & Disadvantages Of A Business Owners Policy

Most small businesses already possess general liability insurance as well as commercial property coverage. So, what is the added benefit of a BOP? Simply put, a BOP offers both coverage and price to small businesses. Moreover, you can get a rather broad coverage under this scheme at a low premium. This means that as a business owner, you end up receiving more insurance for not a lot of money. Another great benefit of BOP is that it covers more than a standard business insurance policy. This includes business income that is not included automatically under a traditional commercial property policy.

That said, a BOP lacks flexibility, and you might not be able to customize it beyond the basic coverage options. Also, you might not be able to add or remove general liability, commercial property, crime, commercial auto, inland marine, etc. under the same package. It is important to note here that not all Business Owners Policies that insurance companies provide have these disadvantages. Some might be more flexible than others.

Need Help? Contact Us!

When it comes to protecting your business against any kind of threat, you can never be too prepared. In case you have been struggling with an insurance claim lately and seek the help of professionals, get in touch with Alconero and Associates Florida Public Adjusters, the best Florida public adjusters. For more details, visit https://www.alconeroandassociates.com!




We evaluate existing insurance policies in order to determine wha coverage may be applicable to a claim.


We investigate all detail, and substantiate damage to buildings and contents and any additional expenses. We also evaluate business interruption losses and extra expense claims for businesses.


We can determine values for settling covered damages. We will prepare, document and support the claim on behalf of the insured.


We negotiate a settlement with the insurance company on behalf of an insured, negotiating dollar values and if not able we continue to appraisal or mediation.

What is a Public Adjuster in Florida?

public adjuster is a professional insurance claims managerPublic adjusters are hired to file, document, and advise on insurance claims. They also represent the insured during the process of assessing a claim’s worth and validity and negotiate with the insurance company in order to get the claimant the largest possible settlement. Essentially, a public adjuster is an advocate for the insured, ensuring that claims are correctly submitted and processed, and then working with the insurer in order to obtain the insured a higher payout.