BOP insurance protects your business from financial loss due to liability claims or lawsuits. It also covers property damage and theft. Find out what you need to know about BOP insurance today!
Theproperty insuranceportion of a BOP is usually available as named-peril coverage, which provides coverage only for damage caused by events specifically listed in the policy (typically fire, explosion, wind damage, vandalism, smoke damage, etc.). Some BOPs offer open-peril or “all-risk” cove...
What the insurance covers will be specified in the policy. Anall-risk policy, which covers every eventuality except for specifically cited exclusions, offers more protection than anamed perils policy, which only covers specified risks. Risks that may be covered in a business owner’s policy includ...
What is a business owners policy? Business owners policies are a form of commercial insurance that combine several coverages into a single, convenient insurance policy. Most business owners policies are underwritten to meet the insurance needs of small and medium businesses. ...
Policy Inception Date and/or Annual Anniversary DateApplicable Levy RateCap Per General Insurance Policy Per Policy Year (HK$) From 1 Apr 2021 onwards (date inclusive)0.10%5,000 Underwritten By China BOCOM Insurance Co., Ltd. Please visit the website of China BOCOM Insurance Co., Ltd. (www...
aNot all risks lend themselves to being covered by insurance. Broadly speaking, the ordinary risks of business and speculation cannot be covered. The risk that buyers will not buy goods at the prices offered is not of a kind that can be statistically estimated—and risks can only be insured...
All businesses are prone to risks, which could be of any kind – security, legal, strategic, human or compliance. This makes it essential for businesses like yours to get a good insurance policy. Insurance is like a safety net for all businesses, including Small and Medium Enterprises (SMEs...
All Coverages General Liability Insurance Workers’ Compensation Insurance Commercial Property Insurance Commercial Auto Insurance Business Owner’s Policy Garage Insurance Builder’s Risk Insurance Contractor Bonds Tools & Equipment Insurance Liquor Liability Insurance ...
Why do you need BOP insurance? What does BOP insurance cost? Business Owners Policy illustrated Explore real world scenarios of how this coverage has supported businesses Woman sues McDonald's over hot coffee burn; it’s not the first case ...
The vision of the PSI Initiative is of a risk aware world, where the insurance industry is trusted and plays its full role in enabling a healthy, safe, resilient and sustainable society. In this vein, sustainable insurance is defined as “a strategic approach where all activities in the ...