BOP bundled insurance is a comprehensive package including General Liability Insurance, and Property Insurance

Foodservice business owners have a lot to be proud of. You give your patrons a safe and comfortable place to celebrate or relax, and you create delicious treats that nourish their bodies and their spirits. Your café, deli, or restaurant is about more than food; it’s about community.

While building your customer base is exciting and rewarding, it can also bring logistics challenges and elevated risk. Every person who enters your shop is an accident waiting to happen. Even the most carefully crafted food, the cleanest dining floor, and the most conscientious staff cannot offer 100% accident protection. Luckily, you can purchase a Business Owner’s Policy bundle (BOP) for coverage when and where you need it most.

What is a Business Owner’s Policy Bundle?

Business Owners Policy bundled insurance is a comprehensive package including General Liability Insurance, and Property Insurance – two broad coverage policies designed to cover daily operations. From natural disasters and property damage to injury claims and lawsuits, a BOP can help you deal with any unavoidable catastrophes, accidents and injuries as they arise.

Bundling your general liability and property insurance can yield considerable savings, but there are some eligibility requirements for bundling. Contact us today to find out if your business qualifies.

How a Business Owner’s Policy (BOP) Protects You

Combining your General Liability Insurance and Property Insurance allows you to protect your food service business from the most common risks facing your industry. You’ll know you have coverage for incidents like property damage to your business or other people’s property, lawsuits and claims as a result of injury, and business interruptions.

For most foodservice businesses, a standard Business Owners Policy is not all the coverage they need, and in that instance, you’ll be happy to know you can add on additional coverage and tailor your policy to fit your unique needs. You can add on all kinds of commercial policies including Liquor Liability coverage and Business Interruption Insurance.

Why Do You Need a BOP?

Without adequate business insurance, you would be stuck paying the expenses of everything from legal fees in the event of a lawsuit (whether or not you’re at fault) to replacing a malfunctioning piece of kitchen equipment in your slowest season. It’s just not worth going without proper coverage when you can protect your livelihood with a bundled policy. Contact us to get a customized BOP quote today.

What Does Your Business Owner’s Policy Cover?

Your Business Owners Policy does a lot of heavy lifting in terms of protecting your food service business from some of the most unfortunate and common incidents. Read on to learn more about the specific protections offered by BOPs.

Property Damage Claims

For day-to-day operations, the Property Insurance portion of your BOP will keep you covered in the event one of your computer systems, signs, credit card machines, furnishings, or critical equipment is damaged or broken. Anyone who’s ever had to replace a commercial refrigerator or custom cold case knows, that’s not an easy expense to cover at a moment’s notice.

General Liability Claims

General liability coverage is the workhorse of commercial insurance. It protects your food service business if someone sues you, files an injury claim, damages your property, or if you accidentally damage another person’s property on or offsite. For a complete understanding of how General Liability Insurance protects your business.

Liquor Liability Claims

Most states require that companies selling or serving alcohol carry Liquor Liability Insurance. Anytime you’re serving alcohol to patrons, your risk of accidents and injury is higher. Unfortunately, General Liability does not cover liquor-related accidents, lawsuits or injuries, so it’s important you add on this additional coverage if you sell alcohol.

Business Interruption Insurance

It’s one thing to have coverage for immediate needs – which your standard BOP policy usually covers (things like replacing equipment and battling lawsuits), but sometimes that’s not enough. Often the primary issue is not the only issue and in the event you can’t operate your food service business as you normally would, you could be losing significant income.

Instead of hoping your savings account will cover you in the event you have an interruption in service, you can purchase Business Interruption Insurance and know you’re covered up to the policy limits.

Call for Your Tailored BOP Quote Today

Our team of insurance specialists are ready to walk you through creating a customized Business Owner’s Policy with the right amount of coverage to adequately protect your food service business. Contact us today to find out how much you could save by bundling and if you qualify.

Protect your food service business with Commercial Property Insurance that’s customized to fit your unique needs. For a comprehensive review of your current coverage or to find out more about how Commercial Property insurance can help you protect your business, contact our experts today.