Business Owners Policy (BOP)

ProfessionalsCoverage Offers Comprehensive Business Owners Policies

Are you sick and tired of having to play the piece meal game to get the insurance coverage that you need? Wouldn’t you rather get everything in a single package? If so, you’ll want to check out the BOP that we offer. ProfessionalsCoverage can help you get property insurance, general liability, workers compensation and more in a single, convenient package. We’re here to aid our clients and we’ll go above and beyond to ensure that we’re able to meet and exceed their expectations.


Should You Acquire A Business Owners Policy?

Ontario is one of the most business friendly places on earth. Nevertheless, even businesses in Ontario, Canada can experience problems from time to time. We understand this wholeheartedly. This is why ProfessionalsCoverage recommends that all Ontario business owners strongly consider getting covered with a BOP. We believe that it is pertinent for retail stores, clinics, vets, restaurants, and even contractors at least consider getting covered.

A comprehensive business owners policy will protect your business from losses stemming from lawsuits and more. This type of policy will protect your business in many ways and that will be explored in greater depth below.


What Coverages Will Be Included in a Business Owners Policy (BOP)?

When it comes down to it, we understand that every single business in Ontario is different. Some companies are going to need more coverage than others. Nevertheless, there are a few specific coverage options that every Ontario business needs! We can work with you directly to help you acquire a specific policy that best suits your needs. One or more of the following coverages can be added to your plan.


Professional Liability

If you provide a professional service or offer advice to your clients, you’re going to need professional liability insurance. Professional liability insurance also known as errors and omissions insurance will protect you in the event that something goes wrong and the client is injured or harmed by your service or advice.


Property Insurance

There is also a good chance that you’re going to need property insurance. This type of insurance is recommended for any business that runs a physical establishment. Property insurance will cover the damages caused to your business buildings. Most BOPs will include some degree of property insurance.


General Liability

No matter what type of business you’re running, you need to acquire a sufficient amount of general liability insurance. This insurance is pretty comprehensive and it can protect you from various liabilities. For instance, it will provide you with protection from property damage, advertising injury, bodily injury and more. If you’re an independent contractor, you might be able to acquire general liability insurance alone.


Other Coverage Recommendations

A BOP is going to be pretty comprehensive. However, ProfessionalsCoverage understand that it is not going to protect you from every single problem that could arise in the future. If you want to protect your business to the fullest, you may need to add additional coverages to your plan. So, which other coverages should you consider adding? While it depends on your business, we strongly recommend looking into identity theft, electronic data and equipment, business income and extra expense, building and business personal property, valuable papers and records, and employment practices liability.

The precise needs of each business are going to be different. While one business might need blanket additional insured, your business might not. Therefore, you should never follow the trends. Speak with an experienced broker and find out precisely what business coverages you need. ProfessionalsCoverage will discuss your options with you. We’ll make sure that your shielded from each and every problem that you could face in the future.

There is no doubt that insurance can be very expensive. Nevertheless, we strongly believe that it is going to be well worth it in the long run. At the same time, this insurance may very well be required. ProfessionalsCoverage is here to help. We’ll do our best to make sure that you get the insurance that you need at the right costs. The prices can vary based on numerous factors. Get in touch with us to learn more about the expenses of your business owners policy.


Get A Quote Today

We sincerely understand that you’ll want to know how much you’re going to pay, before you sign up. We don’t blame you. We would want to know as well. Just remember that the prices can vary significantly from one business to the next. There are no universal prices for each industry. The size of your business, its financial history, and your coverage options will all play a role in determining how much you’ll be required to pay. Therefore, it is best to get in touch with us.

ProfessionalsCoverage will work with you directly so you’ll know precisely how much you’re going to pay in advance. You can use the form on our website to get a free quote. Alternatively, you can contact us via email or over the phone.


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