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Home > Business Owners Policy

Business Owners Policies 


Regardless of industry or size, all business owners bear significant risk and responsibility. By owning your own business, you are tying your finances to that of another entity. As such, you may eventually face losses and damages arising from an incident for which your business is responsible. Even the most responsible business owners may not be able to negate or inhibit all risks; certain circumstances may be out of your control. With that in mind, acquiring a sufficient business owners insurance policy (BOP) is a necessary precaution. 

What Is a Business Owners Policy? 


BOPs are an integral part of an adequate insurance portfolio. These policies are generally intended for small- and medium-sized businesses. By bundling several key types of coverage, BOPs provide business owners with a convenient and cost-effective insurance solution that protects them financially from many common risks and exposures. 

What Does a Business Owners Policy Cover? 

Although the specific insurance needs of companies may vary significantly, BOPs are an attractive option for most business owners due to the broad safety net they cast over many potential incidents. In most cases, a good BOP will include the following coverages: 

General liability—This coverage can help pay for losses arising from an incident that affected a third party and for which you were responsible, such as the following: 

  • Medical expenses
  • Lost earnings
  • Replacing or repairing property
  • Legal costs



Commercial property—This coverage can help to repair or replace property used to operate your business, including the following: 

  • Structures
  • Equipment
  • Inventory
  • Signage
  • Landscaping
  • Furniture



Business interruption—This coverage, also known as business income insurance, may provide financial assistance for damages and expenses resulting from a temporary pause in your normal operations, such as the following: 

  • Rent
  • Mortgage payments
  • Lost income
  • Employee wages



Although your BOP may provide the aforementioned trio of crucial coverages, there may still be gaps in your insurance portfolio that must be filled. Your company should analyze its operations and circumstances to determine needs, such as the following: 

  • Workers’ compensation insurance
  • Cyber liability insurance
  • Commercial auto insurance
  • Employment practices liability insurance
  • Professional liability insurance




Who Is Not Eligible for a BOP? 

BOPs are generally intended for small- and medium-sized businesses, but eligibility may vary among insurance providers. Qualification for this type of arrangement may depend on the size of your workforce and your annual revenue. In addition, it’s possible that certain businesses will not be eligible for a BOP, including restaurants or those that are home-based. 

Get the Right Coverage 


Given your significant financial stake in your business, protecting it and yourself with optimal insurance solutions is critical. Without sufficient coverage, even a small error or single incident could lead to devastating out-of-pocket costs that could derail the functions of your business and jeopardize its future. Furthermore, as an owner, there could also be repercussions for your personal financial situation. 

Vista Insurance is here to help. An integral part of our mission is helping individuals, families and businesses in the Waco area assess and address their coverage needs. We will work with you to build optimal policies to secure your finances and future. Contact us today to get started.  
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2800 West Waco Dr. | Waco Tx, 76710
P: 254-235-8000 | E: info@vistainsuranceagency.com
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