Businessowners Policy (BOP) for Small Businesses

Cost-effective and comprehensive insurance coverage for small and mid-sized businesses.

If a pipe bursts and destroys your storage room and client records, a lightning strike damages your building and forces you to close your doors for several months, or a customer trips and falls in your shop and decides to sue, will your business insurance adequately protect you?

If you are unsure or unable to definitively answer “yes”, you are not alone. Understanding what traditional commercial insurance policies cover and what they do not is nothing if not complicated. And perhaps even more challenging, is knowing what business insurance policy, or policies, are right for you and your business.

With over 65 years of experience insuring local businesses in Southeastern Massachusetts, Morse, of course, knows exactly what types of insurance coverages a small to medium size business (SMB) needs to consider to remain successful.

A cost-effective and comprehensive policy for most small business owners is by far and away a businessowners policy, also known as a BOP. And that’s because it was specifically designed to protect small and mid-sized businesses from today’s most common risks, including fire, equipment theft, liability, and business interruption losses.

What does a BOP policy cover?

A BOP policy is designed to protect your business from unpredictable events that can quickly derail your operation, including damages to your building due to a small electrical fire, a mechanical breakdown of your equipment making it impossible for you to manufacture goods, or a legal claim brought against you after a customer slipped on your recently mopped lobby floor.

This critical business policy combines three traditional coverages – property insurance, liability insurance, and business interruption insurance, into one powerful package, that can be customized to meet the specific needs of you and your business.

  • Property Insurance protects your building or office space, as well as your business property, including computers, office furniture, mechanical equipment, inventory and more.
  • Liability Insurance covers the associated legal or medical costs, up to the limit of your policy, in the event someone were to sustain an injury at your business, or while using one of your products or partaking in a service you provide.
  • Business Interruption Insurance provides financial coverage should you need to temporarily close your doors in the wake of a covered loss.

Is a BOP policy right for you and your business?

If you are looking for a business policy that is cost effective, comprehensive and easy to navigate, a BOP policy is worthwhile to consider, and that’s because this particular policy was designed to cater to the unique needs and budgetary restrictions of small and medium-sized businesses. The experienced team at Morse Insurance recommends a BOP policy to a variety of businesses, including:

  • Artisan Contractors
  • Service Garages
  • Wholesalers and Manufacturers
  • Hair Salons
  • Restaurants and Bakeries
  • Coffee Shops
  • Convenience Stores
  • Home Offices
  • Accountants and Lawyers
  • Medical and Dental Offices
  • Art Galleries and Museums

What are the benefits of a BOP policy?

There are many benefits of a BOP policy, but most notably is its ability to save you time and money. Because this essential policy comes fully loaded with property, liability and business interruption insurance, it eliminates the need to review, purchase and renew multiple policies to protect your thriving business. In addition, a BOP is flexible enough to grow with you and your business. Supplementary coverages can be added quickly and economically in the form of endorsements and riders.

At Morse, of course, we want you to feel confident that everything you’ve worked so hard to build is safe and secure, which is why our knowledgeable team will take the time to understand your business, your assets, and your goals before customizing a BOP policy to fit your exact needs.

Once we learn the ins and outs of your business, including how many employees you have on staff, whether or not you have a business-owned vehicle, and if your operation is at risk for a cyber-attack, we will provide you with our professional recommendations for any additional coverages that may benefit you, above and beyond your BOP policy, including:

  • Water and Sewer Backup
  • Forgery and Fidelity Bond
  • Hired/Non-Owned Auto Coverage
  • Increased Fine Arts Coverage
  • Inland Marine Coverage
  • Terrorism Insurance
  • Workers’ Compensation

Although, our support doesn’t stop there. As a small business client of Morse Insurance, our team will not only help you find quality coverage at the most competitive rate, but we will also support you throughout the claims process to ensure you get back to business quickly and hassle-free.

If you’re interested in working with a reputable and local agent with over 65 years of experience, contact us today at 508-238-0056 or visit us at one of our four convenient Massachusetts locations.

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"The team at Morse Insurance handles all my personal and business insurance needs. I expect and receive professional insurance recommendations tailored to my particular needs and circumstances. I could not ask for a more attentive, conscientious and friendly group of people."

Steve, Morse Insurance Client

"Morse Insurance truly maximizes my insurance dollar while giving me appropriate, well thought out insurance strategies. Their continued dedication and commitment to providing the balanced combination of value and peace of mind is why I keep working with them."

Sonja, Morse Insurance Client

"Morse has handled the Professional Liability, Business General Liability, Auto, and Workers’ Comp for our company for over 10 years. Their attention to detail is what sets them apart. I've been with some agencies and you call in only to get an agent who you don't know and who doesn't know you. It's not really a personal relationship. With Morse, I call up Donna and say, 'This is Bill' and she answers my questions. They're small, but they're large at the same time. You can really trust that they'll get things done."

Bill, Morse Insurance Client

"I've been with Morse for 12 years with my Business Fleet Auto and Workers’ Comp, along with my personal Auto, Homeowner's and Multi-Family Property Insurance. Unlike national insurance companies, the Morse team works and lives in the area so they understand what coverage is suitable for this region and my needs. I love that they are locally owned and managed."

Sonja, Morse Insurance Client

"Morse handles all of our Commercial Insurance: Liability, Workers comp, Property and Casualty, and Auto. I completely trust that they have our best interest in mind when they make recommendations about what we need and don't need. Plus, they have top notch customer service, are local and accessible, so when I need something they can turn a requests around quickly. We couldn't be happier with them."

Patti, Morse Insurance Client

"Working with Morse Insurance is like working with your family, we feel like we're a part of their family and they're a part of ours. The entire team is very human and funny with great personalities. It's clear that they love what they do and that they love their customers. They're great people, wonderful neighbors, and an awesome company and I just love doing business with them."

Patti, Morse Insurance Client

"Morse Insurance has been our agency for nearly 20 years. At first they provided our Homeowner's Insurance, then we added Auto Insurance. Later, when we started our business, it was General Liability and Errors and Omissions Insurance. The team at Morse is always there to guide us through these complex products. We feel they get us the best products at a fair price and know us on a personal basis."

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