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Business Owners Policy (BOP) - Coverage for Multiple Locations Hazard KY

Be sure to check on your jurisdictions requirements for workers compensation coverage when you buy your insurance for your business. The bad news: A BOP doesn't include workers compensation, health or disability insurance. If you have employees, you'll need separate policies for these coverages.

Erich Castillo
1008 South Broadway
Lexington, KY
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Company: Cornerstone Wealth Management
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Investment Advisor Rep: Yes
Education
University of Kentucky
Bachelor of Arts in Education
Bachelor of Business Administration
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Disability Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Business Income Tax Planning,Fee-Only Comprehensive Financial Planning,Fee Only Portfolio Management,Wealth Engineering,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Medicaid,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Business Succession & Liquidatio

Data Provided by:
Allstate Insurance Companies
(270) 247-2919
302 Broadway St
Paducah, KY
 
Duff Insurance Agency Inc
(270) 769-5547
110 N Main St
Elizabethtown, KY
 
Glasgow Insurance Agency
(270) 651-8824
318 S Green St
Glasgow, KY
 
State Farm Insurance
(270) 651-6025
308 S Broadway St
Glasgow, KY
 
Allstate Insurance Companies Sales Office Glasgow
(270) 651-6655
103 W Public Sq
Glasgow, KY
 
Kentucky Farm Bureau Insurance Companies
(270) 442-7179
1600 Broadway St
Paducah, KY
 
Durrett Insurance Agency
(502) 345-9558
6004 Brownsboro Park Blvd Ste C
Louisville, KY
 
Homra Kim Insurance Agency
(270) 554-1697
2715 Olivet Church Rd
Paducah, KY
 
Anderson Group
(270) 683-9831
1925 Frederica St
Owensboro, KY
 
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Business Owners Policy (BOP) - Coverage for Multiple Locations

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Business Owners Policy (BOP)

Does your 'home' business operate from more than one location? Maybe your kitchen and your Grandma's kitchen? The Business Owners' Policy (BOP) has been created specifically for small to mid-sized businesses and it will cover multiple locations.

A BOP, like the in-home business policy, covers business property and equipment, loss of income, extra expense and liability. However, these coverages are on a much broader scale than the in-home business policy.

If you need a business insurance policy, you should try to buy business insurance that offers inexpensive, but good, quality coverage for your business, including all of the premises and contents, as well as any moving assets such as company automobiles, from damage or theft.

You will have two ways to get the full coverage that you need:

  • Arrange to cover your contents (work equipment, furniture, etc.) separately from your established building property (walls, roof what you would call the building itself).
  • Buy a single policy that covers your contents and fixed property together.

If you purchase property protection, make sure that it includes personal injury protection for guests or anyone who works for your business. This will cover health expenses regardless of whether incidents are accidental. With this coverage, you can feel comfortable that your employees are covered and you will not lose your business due to a work related accident.

Another important entity in the biz insurance world is workers compensation coverage. This may be legally required in the state where your business is located. It covers your employees in case anything adverse happens that prevents them from being able to work for you. Be sure to check on your jurisdictions requirements for workers compensation coverage when you buy your insurance for your business. The bad news: A BOP doesn't include workers compensation, health or disability insurance. If you have employees, you'...

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