ZOLOFRA INSURANCE AGENCY

Ready to protect you today for what matters tomorrow.

Business Owners Policy

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ABOUT BUSINESS OWNERS POLICIES (BOPs)

Many small business owners buy a type of insurance coverage called a Business Owner's Policy. This is a package policy that covers major property and liability exposures as well as a loss of income if your business cannot operate for a period of time.

For example, if your accounting firm's roof is damaged during a thunderstorm, causing your office to flood and your business to close for two months, a BOP would provide coverage in several ways.

The policy would cover the cost of repairing the roof, cleaning up water damage and repairing or replacing your furniture, computers and supplies. A BOP also would cover your payroll and taxes for the two months the business was closed. And if one of your clients was in your office during the storm and was injured by falling debris, a BOP would cover your customer's medical bills.

Buying a BOP can be a good deal for a business owner. The policies often provide more complete coverage at a lower price than separate policies would for each kind of coverage.

What's Covered?

A BOP covers major property exposures, liability exposures and business interruption.

Property coverage generally includes owned or leased buildings; the contents of buildings, such as furniture, supplies, fixtures, machinery, equipment, inventory and building improvements; glass and signs; and some property off of the premises.

Property insurance can be bought based on the property's actual cash value (its replacement cost minus depreciation), its current replacement cost or another agreed-upon amount, such as an appraisal.

Liability insurance covers your business if it is sued for something the business did or failed to do that caused injury or property damage to someone else. Liability insurance covers damages and settlements stemming from a lawsuit, up to the policy limits. Many liability policies also cover attorneys' fees and other costs associated with defending against a lawsuit.

Business interruption coverage can pay for your business' fixed costs, such as rent, payroll and taxes, if your enterprise suffers a property loss that causes it to close or slow down for a period of time while repairs are made.

What Isn't Covered?

Usually a BOP doesn't cover damage due to earthquakes or floods; workers' compensation; group health, life or disability insurance; insurance for company-owned vehicles; and specialized liability risks such as professional liability, director's and officers, employment practices and malpractice.

Please complete the form below to get your free quote now!

 

*Do you currently have insurance for your business?
Yes
No
Regarding your building location(s), are you the:
owner
tenant
both

Is there a boiler on your premises?
Yes
No
Do you have a smoke alarm in the building?
Yes
No
Do you have a burglar alarm in the building?
Yes
No

*Do you use high power lighting for Photo or Video work?
Yes
No
Not applicable
*Do you use any toxic or flammable materials in your business?
Yes
No
Not applicable
*Is the computer equipment protected by fire protection & suppression device?
Yes
No
Not applicable
*How often do you back up all computer data?
Daily
Weekly
Monthly
Quarterly
No backup necessary
*Is back up stored off premises?
Yes
No
Not applicable
Is computer equipment & media located above ground level?
Yes
No
Not applicable


*Do you have any operations other than the business operations described?
Yes
No

*Do you have any other additional locations?
Yes
No

*Would you like the vehicles used in your business to be covered under the same policy, if possible?
Yes
No


*Have you have any claims the last 5 years?
Yes
No

If yes, how high of a limit in excess of the primary insurance limit are you seeking?
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
more than $5,000,000 excess of the primary insurance
*Would you like a quick quote for Employment Practices Liability?
Yes
No

 

* indicates a required field.

Disclaimer Notice - The premiums quoted are estimates based on information you provided. This quotation does not constitute a contract of insurance, nor does it provide coverage for any loss or claim. Coverage can only be bound by an agent with a signed application and a down payment.

Please utilize the "Submit" Button to send your form to our office.  If the website does not allow you to submit the form, please print the page and fax it to 732.334.0405 or scan it into your computer and send it to ben@zolofrainsurance.com.  Do not "Refresh" the page because all data entered onto the form will be lost.