Illinois Business Owner’s Policy

Insurance Policy for Small Business Owners in the Prairie State

Why Should You Purchase BOP Insurance?

While not required by the State of Illinois, Business Owner’s Policy (BOP) coverage is highly recommended for small companies. You may think you are safe without such coverage, but what will you do if your property is damaged, your business is sued or a customer has an accident at your site? Don’t risk your livelihood and those of your employees! Be sure to protect your Illinois business with cost-effective Business Owner’s Policy insurance from B2Z Insurance.

What, Exactly, Is a Business Owner’s Policy?

A BOP combines liability and property insurance into one convenient, easy-to-manage bundle. Here is a summary of what is generally covered:

  1. Liability.

    A BOP offers protection in the event of customer injuries and property damage, and it also covers advertising and product-related claims. It does not cover your employees if they are injured or become ill on the job; a Workers’ Compensation policy is required for those liabilities.

  2. Property.

    This part of the BOP covers your building and business personal property, which is movable property owned and used by the business. It also reimburses you for expenses related to loss of income and cleanup as well as construction costs incurred following a covered event.

Have additional questions? Get answers about Business Owner’s Policy Insurance.
  1. What Is Excluded from a Business Owner’s Policy?

    A number of items are not covered by your Illinois BOP insurance policy, including data breaches, damage to commercial autos and watercraft, and losses caused by pollution, flooding and war. Be sure you understand what is specifically excluded from your BOP coverage; you may be able to purchase additional insurance policies or add endorsements to your BOP to cover these risks.

  2. How Much Insurance Do I Need? What Does It Cost?

    B2Z offers affordable insurance to small business owners in Illinois. We cannot provide the exact cost here because it depends upon your specific coverage needs, risks due to location and type of business, number of employees and the amount of additional coverage(s), if any, that you wish to add to your policy. We work with you to understand your requirements and provide the best options to meet them. 

How much will a B2Z policy cost your business? Answer a few questions and find out ASAP!