Comprehensive Coverage for Your Business Needs

At Tiger Insurance Group, we understand that running a small or midsize business comes with unique challenges and risks. That’s why put together Business Owners Policies (BOP) tailored to meet the comprehensive coverage needs of businesses like yours. A BOP goes beyond the protection offered by General Liability Insurance, providing a broader range of coverage options to ensure your business is safeguarded from various risks one may encounter in the business jungle.

What is a Business Owners Policy (BOP)?

What exactly is a Business Owners Policy (BOP)? A BOP combines multiple types of insurance coverage into one convenient “package”, designed specifically for small and midsize businesses. This package not only includes the essential protection of General Liability Insurance but also offers additional coverage options to address property damage, business interruption, and more. BOPs are designed to eliminate coverage gaps that may exist when a business gets different coverages using multiple policies

Key Features of Our BOP:

General Liability Insurance:

• Bodily Injury Coverage: Protects your business from claims if someone is injured on your premises or as a result of your business operations. This includes medical expenses, legal fees, and settlements.
• Property Damage Coverage: Covers damages you or your employees cause to someone else’s property. This can include repairs, replacements, and legal costs.
• Personal and Advertising Injury: Provides protection against claims of libel, slander, and copyright infringement. This is crucial for businesses engaging in marketing and advertising.

Commercial Property Insurance:

• Building and Structures: Covers the physical structure of your business premises, including permanent fixtures, installations, and improvements.
• Business Personal Property: Protects movable property owned by your business, such as furniture, equipment, and inventory. This includes items both inside and outside your premises.
• Natural Disasters: Coverage extends to certain natural disasters like fire, storms, and vandalism, ensuring your business can recover quickly from unexpected events.

Business Interruption Insurance:

• Lost Income: Compensates for the revenue your business would have earned during a period of downtime caused by a covered event, such as a fire or natural disaster.
• Operating Expenses: Helps cover ongoing expenses like rent, utilities, and salaries while your business is temporarily closed.
• Extra Expense Coverage: Pays for additional costs that arise from trying to minimize the suspension of your business, such as renting temporary office space.

Equipment Breakdown Insurance:

• Mechanical and Electrical Breakdown: Covers the repair or replacement of equipment that breaks down due to mechanical or electrical issues. This includes HVAC systems, computers, and industrial machinery.
• Spoilage Coverage: Provides protection against the loss of perishable goods due to equipment failure, essential for businesses like restaurants and grocery stores.
• Business Income Coverage: Extends business interruption coverage to include income lost due to equipment breakdown.

Cyber Liability Insurance:

• Data Breach Response: Covers the costs associated with responding to a data breach, including customer notification, credit monitoring, and public relations efforts.
• Legal and Regulatory Fees: Provides coverage for legal expenses and fines resulting from a data breach or cyber-attack.
• Data Recovery: Ensures the cost of recovering lost or stolen data is covered, helping your business return to normal operations quickly.

Crime Insurance:

• Employee Theft: Protects against losses from dishonest acts by employees, including theft of money, securities, or other property.
• Forgery or Alteration: Covers losses resulting from forgery or alteration of checks, drafts, promissory notes, or other written promises to pay.
• Fraud and Embezzlement: Provides coverage for losses due to fraudulent activities, ensuring your business’s financial health is protected.

Why Choose Tiger Insurance Group for Your BOP?

• Customized Coverage: Our BOP can be tailored to meet the specific needs of your business, ensuring you get the right coverage for your unique risks.
• Expert Support: Our experienced insurance consultants are here to guide you through the process, helping you understand your coverage options and select the best policy for your business.
• Affordable Premiums: We offer competitive rates to help you secure comprehensive coverage without breaking the bank.
• Dedicated Service: At Tiger Insurance Group, we are committed to providing exceptional service and support, ensuring your business is always protected.

Get a Quote Today

Don’t leave your business exposed to unnecessary risks. Contact Tiger Insurance Group today to learn more about our Business Owners Policy (BOP) and get a personalized quote. Let us help you protect your business so you can focus on what you do best – running and growing your business.