Is Business Liability the Same as General Liability?

Is a Business Owner’s Policy the Same as a General Liability Policy?

To run a successful business, you need to have the proper insurance. The business owner’s policy (BOP) was created with the small business owner in mind. Many business owners choose to purchase general liability insurance instead, but is a business owner’s policy the same as a general liability policy? No!

What is a Business Owner’s Policy?

BOP policies combine commercial property insurance and general liability insurance.  Property coverage can include your building, equipment, inventory, furniture and tenant improvements.  General liability insurance provides coverage if you are sued for accidentally harming a third party and/or damaging their property.  It also helps cover the cost of your defense.  Crime, business interruption, equipment breakdown are generally included in a BOP policy.

Well Then, What is General Liability Insurance?

General liability insurance provides coverage for damage or injuries that your business causes to a third party. It will not cover damage to your business or employees. General Liability Insurance is often the go-to for business owners with limited needs, but unfortunately, it does not provide any property coverage. Additional coverage should be reviewed with a business insurance agent, to help protect your business.

The Best Decision for You

Purchasing the right insurance all depends on the kind of business you have and what assets you want to protect. Many insurance policies do not have everything you are looking for all bundled into one policy. If you have many employees, expensive commercial equipment, and business property, you should definitely talk with one of our Representatives at Metrowest – Northeast Insurance Agency so we can find the best solution for you at the right cost.

If you are trying to decide between purchasing a business owner’s policy or general liability insurance, it will come down to your business-specific needs.

Contact NE Insure Today!

At Metrowest – Northeast Insurance Agency, we are insurance experts and we know how to find the policy that is right for you. Whether you are looking for personal insurance or business insurance, our team of insurance experts know how to protect your assets so you can feel safe. Click here or give us a call at 800-443-7007. We look forward to working with you..

Leave a Reply

Your email address will not be published. Required fields are marked *