Business Owner's Policy
If your contracting and construction business is looking for broad, reliable coverage as part of your business protection plan, a Business Owner's Policy may be the policy for you. A Business Owner's Policy bundles Property Insurance and General Liability Insurance under one plan, and if your contracting and construction business is considered low-risk, you may be eligible for this specialized policy.
Though most contractors & construction professionals typically do not work out of a storefront (which is usually what Property Insurance would protect), a Business Owner's Policy may provide coverage for the most vital components of your business: your equipment and tools. Your contracting and construction B.O.P. may also offer business interruption coverage — a safeguard against natural disasters, unexpected events, or covered property loss. In the case of such events, your B.O.P. would provide income and help cover the expenses you incur while unable to operate.
Combining General Liability Insurance and Property Insurance, a B.O.P. will cover your contracting and construction business in the event of property damage, interrupted operations, or lawsuits resulting from bodily injury or property damage to others.
The benefit of a Business Owner's Policy is that if your business qualifies for this bundled coverage, you can tailor your policy to add on endorsements for your specific needs and remove other coverages that don't pertain to your business.
Though most contractors & construction professionals typically do not work out of a storefront (which is usually what Property Insurance would protect), a Business Owner's Policy may provide coverage for the most vital components of your business: your equipment and tools. Your contracting and construction B.O.P. may also offer business interruption coverage — a safeguard against natural disasters, unexpected events, or covered property loss. In the case of such events, your B.O.P. would provide income and help cover the expenses you incur while unable to operate.
Combining General Liability Insurance and Property Insurance, a B.O.P. will cover your contracting and construction business in the event of property damage, interrupted operations, or lawsuits resulting from bodily injury or property damage to others.
The benefit of a Business Owner's Policy is that if your business qualifies for this bundled coverage, you can tailor your policy to add on endorsements for your specific needs and remove other coverages that don't pertain to your business.
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Policies Tailored for Contractors & Construction Professionals
As you shop around for business insurance for contractors and construction professionals, you may want to ask if a Business Owner's Policy is appropriate for your coverage needs. When you complete Buckner's hassle-free online quote application, we'll help you find the policies that provide the coverage your business needs — no extras or hidden fees. If you still have questions, contact a Buckner agent today to find out if your contracting & construction business qualifies for a Business Owner's Policy. |
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