Business Owner’s Policy Insurance
With a BOP, your new business is set up for success. Work with our agents to get exactly what you need in insurance coverage.
Start Your Business Off Right
No matter how small or large your business is or how many workers you employ, you need to be covered with the right insurance. Your physical building and assets need to be protected, you need a plan for the possibility of having business interrupted by emergencies, and you need insurance against litigation of various types. These and other negative events can threaten the success of your business unless you have a comprehensive insurance policy that addresses them.
Business Owner’s Policy
A policy for business insurance in South Carolina, often referred to as a business owner’s policy or BOP, is a great way to combine several different types of insurance that companies frequently need within a single policy. Those insurance types vary depending on the nature of your business, its size, and its level of interaction with the public.
While a BOP saves you money and time in the long run, assembling the right package of insurance types along with the appropriate coverage levels and other parameters takes a good deal of knowledge. The agents at Priority Insurance have the experience necessary with small business insurance in South Carolina to get you the right combination of insurance types and coverage.
Don’t Wait to Act
Commercial insurance is more complicated than personal insurance. Quote requests in many cases have to be submitted to insurance company underwriters for approval and pricing. This could take several days to get a quote. For a normal risk that has to be sent to the Excess and Surplus (E&S) markets, it could take at least 48 to 72 hours to get a quote.
Protection for You, Your Employees, and Your Guests
A great business owners’ policy supports your business from day one and gives you peace of mind as it grows larger over time. And with your representative at Priority Insurance keeping in touch with you, periodically reviewing your insurance policies, and comparing them with your changing needs, you can be sure that you always have the protection that you need for your business, your employees, and the members of the public that interact with you every day.
Contact us to learn more about the right Business Owners' Package Policy for your business.
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FAQs
What is business interruption insurance?
If an unforeseen event, such as extreme weather or an accidental fire, makes it impossible for your company to do business for a period of time, business interruption insurance can provide payments to replace the income lost during that period. In some cases, this can make the difference between a business surviving a catastrophic event or having to shut down.
Why get a BOP instead of separate insurance policies?
As with individual insurance policies, bundling is a useful strategy in business insurance. For a business owner, life insurance, property insurance, and other types of insurance policies can be discounted when bundled together. Your agent at Priority Insurance finds these and other discounts to save you money every month.
What is a Certificate of Insurance (COI)?
This is a certificate that is normally required by companies that you are working a job for. These companies want proof that the business owner has adequate insurance coverage so that the client is covered in case of a loss. Here at Priority Insurance, we have a dedicated person that issues COIs for our customers. Again, we are a boutique agency that caters to our clients! A COI normally takes 48 to 72 hours to generate for our customers due to added requirements for the vendor. Again, another way Priority Insurance is different from other agencies.