What is a business owner’s policy?

While North Carolina law does not require your Matthews NC business to carry a commercial insurance policy, JC Demo Insurance Group wants to explain why purchasing a business owner’s policy (BOP) provides you the financial protection you can’t afford to miss.

A BOP provides you with the three most common business insurance types in one policy. You save money since the premium costs less than purchasing the coverages separately. You need business insurance to protect you from business loss caused by named perils, the insurance term for weather events such as a tornado, hurricane, hail, etc. a BOP also protects you in liability issues such as if a customer slips and falls in your store, injuring themself. Finally, the BOP protects you from business interruptions such as closure while repairs from a fire take place.

If you apply for a business loan or try to land venture capital or angel investor funding, your insurance will comprise one of the top things they ask to see. Others include your business plan, business continuity plan, and your marketing plans.

A BOP from JC Demo Insurance Group includes business interruption coverage, liability coverage, and property damage. This provides businesses of any size or type from solopreneur to corporation with the essential coverage to protect their financial health as well as their physical business property.

While a BOP does not fulfill the needs of every company, you can find out if it fits your business’ needs by contacting JC Demo Insurance Group today. We serve the Matthews, NC area with the business insurance it needs to protect the economy. Talk to your agent today to learn if you could benefit from a BOP policy or if you need other types of business insurance such as a boiler policy or glass insurance.