Call Us 850-469-0880 ☰ ˟
Logo
Call Us 850-469-0880
  • Home
  • Coverage
    • Automobile
    • Business & CommercialImage of right arrow
      • BOP Insurance
      • Business Interruption
      • Commercial Auto
      • Commercial Property
      • Pensacola, Florida Commercial Property Insurance
      • Commercial Umbrella
      • Cyber Liability
      • General Liability
      • Professional Liability
      • Workers Compensation
    • Contractors Insurance
    • Employment Practices Liability
    • Homeowners
    • Flood
    • Life
    • Motorcycle
    • Recreational Vehicle
    • Restaurant
    • Trucking
    • Boat
  • Get A Quote
    • All Quote Forms
    • Auto Insurance Quote
    • Business Quote
    • Commercial Auto Insurance Quote
    • Commercial Property Insurance Quote
    • Commercial Umbrella Insurance Quote
    • Contractors Insurance Quote Form
    • Employment Practices Liability Insurance Quote
    • Flood Insurance Quote
    • General Liability Quote Form
    • Homeowners Insurance Quote
    • Life Insurance Quote
    • Motorcycle Insurance Quote
    • Trucking Insurance Quote
    • Recreational Vehicle Insurance Quote
    • Restaurant Insurance quote
    • Workers Compensation Quote
    • Watercraft Insurance Quote
  • Claims/Payments
  • Google Reviews
  • Blog
  • Contact
    • Contact Us
    • Our Location
    • Privacy Policy
Business & Commercial Icon

Business & Commercial

We browse through a wide variety of coverages and find the right one for you.

Learn More
Auto Icon

Auto

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home Icon

Home

We browse through a wide variety of coverages and find the right one for you.

Learn More
Life Icon

Life

We browse through a wide variety of coverages and find the right one for you.

Learn More
RV, Boat & Motorcycle Icon

RV, Boat & Motorcycle

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Blog > Does a Business Owners Policy Cover Professional Liability?
FRIDAY, AUGUST 4, 2023

Does a Business Owners Policy Cover Professional Liability?

If you have a small business, it is likely that you have a business owners policy. A business owners policy (BOP) covers various forms of insurance for small businesses in low-risk industries. 

A basic BOP includes: People talking business

  • General Liability: General liability insurance covers incidents involving bodily injury or property damage to a third party that occurs as a result of normal business operations. This can include faulty installations and products. 
  • Property Insurance: Property insurance covers the physical buildings and their contents in case of fire, smoke, lightning, wind, hail, theft, vandalism and more. 
  • Business Interruption Insurance: In case a disaster makes it impossible to operate, business interruption insurance helps cover the income lost while business operations are put on hold. It can also help with the cost of moving the business to a temporary location. 

On its own, a BOP does not generally include coverage for professional liability insurance. Professional liability refers to claims against your business regarding professional negligence that may cause your client to lose money. You can typically add this to your business owners policy. 

Also known as errors and omissions insurance or medical malpractice insurance, this coverage is crucial for certain industries and professions that face high risks of professional negligence. 

What Does a Business Owners Policy Not Cover? 
BOPs don’t cover: 

  • Auto Accidents: If your business operates with the use of owned or borrowed vehicles, you will need <commercial auto insurance.> Commercial auto insurance provides coverage for a range of accidents for work vehicles. It typically includes comprehensive, collision, personal injury protection, uninsured/underinsured motorist and liability coverage. 
  • Workers Compensation: Workers compensation steps in if an employee is injured while on the job. It can provide compensation for medical expenses, disability, lost income and more.

Small businesses often invest in BOPs because, while not very flexible, they’re often affordable and provide crucial coverage. The average cost for a BOP is about $1,200 a year, which is only about $100 a month. On its own, the average cost of general liability insurance can be as much as $2,758 a year. 

Costs for a BOP depend on a variety of factors, such as: 

  • Size of the business 
  • Credit score 
  • Claims history 
  • Coverage limits 
  • Location 
  • Business experience 

Shop around and compare quotes in order to find an affordable business owners policy that covers professional insurance. Speak with an insurance agent about your BOP needs today. 

Posted 3:55 AM

Tags: bop insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021

  • business insurance(8)
  • workers compensation insurance(6)
  • bop insurance(6)
  • general liability insurance(6)
  • commercial property insurance(5)
  • commercial auto insurance(5)
  • auto insurance(4)
  • home insurance(2)
  • general liability(2)
  • employment practice liability insurance(1)
  • cyber liability insurance(1)
  • workers’ compensation(1)
  • restaurant insurance(1)
  • bop(1)

View Mobile Version

Contact Us Today!
850-469-0880

At Advance Insurance of Northwest Florida, our mission is to help you insure yourself and your belongings at the lowest cost, quickly and easily!

Contact Us
Social Social

Resources

  • Products
  • Payment Options
  • Report a Claim
  • About Us
  • Refer A Friend
  • Our Carriers
  • Insurance Glossary
  • Blog
  • Contact Us

Contact Us

105 Beverly Parkway
Pensacola, Florida 32505

Ph: 850-469-0880 | Fx: 850-469-0883 | info@goadvanceinsurance.com
© Copyright. All rights reserved. | Powered by Insurance Website Builder