Insuring Your Champaign Apartment Association

Insuring Your Apartment Association With a Business Owners Policy

Save Time and Money by Insuring Your Champaign Apartment Association With a Business Owners Policy  

If you are the owner or manager of an apartment building, you know how vital it is to adequately insure the property. Because it can be complicated and expensive to stitch together a new policy from scratch, many property owners opt to use a comprehensive business owners policy (BOP) instead. If you are looking for apartment association insurance in Champaign IL, a BOP may be the perfect solution for you.

 

What is a BOP?    

A BOP bundles major liability and property risks into one policy. It includes all basic coverage types that a business requires, and will usually cost less than purchasing the coverage individually. Buying your business insurance as a BOP package can save you time and money when it comes to paying for premiums and maintaining adequate coverage.

 

What Does a BOP Include?

Coverage will vary based on the business sector; a hotel would not have the same BOP as a restaurant. As a general starting point, however, a standard BOP will probably include basic business protections against:

  • Property damage
  • Business interruption
  • Crime
  • Liability

 

Depending on your business, a BOP may be a great solution for you. However, it is important to remember that no matter what type of policy you need, you must discuss all your options with an experienced agent before committing to apartment association insurance in Champaign IL.

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