Business Owners

Tomlinson & O’Neil’s Business Owners policy is designed for the needs of small businesses. “Small Business” for the BOP is defined as a business with less than $5,000,000 in annual revenue. This represents 95% of all business in the US economy.

The BOP is a simple package policy, with multiple coverage parts, designed to fulfill the insurance needs of small business owners. The BOP has more depth and flexibility than the traditional Business Owners Policy (BOP). It gives the small business owner the flexibility of purchasing a combination of insurance coverage’s on one policy.

The Tomlinson & O’Neil BOP is a single cost-efficient policy with five available coverage parts:

  • Property Coverage
  • General Liability (GL)
  • Umbrella Liability (UL)
  • Professional Liability (E&O)
  • Employment Practices Liability Insurance (EPLI)

Damage to your property can cause losses beyond the physical damage. For example, if a fire causes you to temporarily close your business, you would have lost earnings. Business interruption insurance, or time element coverage, provides insurance for your loss of income or extra expenses you incur if your property is damaged and your operations are shut down for a period of time.