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The Benefits of a Business Ownership Policy | Cover Link insurance

Kelli Young

1 August 2020

As an entrepreneur, there is no shortage of things you need to deal with on a daily basis. Whether it's monitoring employees, connecting with new customers or something in between, there's just so much time in the day. With that said, it is nice to have peace of mind that you and your company are covered in the event that an insurance claim is made against you.

A business owner policy (BOP) is a good option for SMEs, and it can bring you many benefits, including:

  • Broad coverage. BOPs threw a wide network of protection by tying a number of different types of coverage into a plane. In general, BOPs provide commercial real estate, general liability and business interruption coverage in a policy.
  • Cost savings. Every dollar counts for SMEs and BOPs can provide cost savings by combining the above policies so you do not have to go out and buy each one separately.
  • Adaptation. While BOPs cover several types of risks for your business, you do not have to worry about buying something you do not need. These policies can be customized to suit your business needs with additional coverage for risks such as cyber liability, equipment breakdown, personal injury and advertising damage and more.

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There is no shortage of responsibilities or risks that come with being an entrepreneur, so make sure the product from all your hard work and long hours are protected. Contact CoverLink today to learn more about keeping your business safe with a BOP.

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