Many small business owners mistakenly believe that if they have general liability insurance their own losses are covered, as well as the losses of their customers. But a general liability policy does not protect you when it comes to your OWN property. If you want to protect your own property, consider buying a Business Owners Policy (BOP).
A typical business owner’s policy can include insurance coverage for property, liabilities, crime, flood, vehicles, and business interruptions. Business owner’s policies are often cheaper than purchasing every needed insurance policy on an individual basis. Further, in addition to the reduced cost, business owner’s policies can save business owner’s the large amount of time that it would otherwise take to search around for the right policies that it would need for every different type of required insurance.