Click to Call
Hall Insurance

13510 A Hutchison Blvd
Panama City Beach, FL 32407

Get Directions
Florida Insurance Blog

What is a BOP?

Commercial insurance is not mandatory in Panama City Beach, FL except with regard to workers’ compensation which protects individual employees in the event they are sickened or injured at work. For business owners who protect their companies with commercial insurance, a BOP, or business owners policy is what they often opt for. 

Business Owners Policy: The Basics

Entrepreneurs typically run into common perils that befall others in the same industry as them. For this reason, insurance companies will often bundle these indemnifications together conveniently into a BOP. Your Hall Insurance agent can confirm what covered perils are named in your BOP. 

Something as simple as a slippery floor causing a fall can spiral into medical costs and lost wages that can bankrupt a business. This is why a BOP will frequently include such hazards as injuries that occur on your premises that are sustained by a customer. You may also find yourself the target of a lawsuit for such occurrences. 

Your BOP likely contains coverage that will offer payment in the event that your business inventory suffers damage from a variety of causes. This can happen due to fire or windstorms or mechanical malfunction due to power surges. Raw materials may also be affected, causing your income to be endangered. 

Certain dangers may arise due to advertising mistakes in the form of typographical errors or unintentionally misleading statements. Additionally, your products, services, or employees may inadvertently cause property damage to your clients, resulting in the need for financial remedy or repairs. 

Hall Insurance Is Here To Help

Our knowledgeable insurance representatives can help you choose the insurance package that will be most appropriate for you, and we invite you to reach out to us. We service those who live in and around the Panama City Beach, FL area. 

Our Partners

  • Appalachian
  • Auto Owners
  • Bankers
  • Citizens
  • First Comp
  • Lexington
  • National Flood Insurance Program
  • National Flood Services
  • Olympus
  • Progressive
  • Safeco
  • The Hartford
  • United
  • Universal