If you have a classified low risk music store you may be eligible for bundled property and general liability insurance coverage. This is a specialized, affordable, policy known as a Business Owner’s Policy, or BOP.
A BOP may offer business interruption coverage. This helps cover some of the expenses, and lost income, you may incur if you must close temporarily because of necessary repairs or a covered loss to your business.
The general liability insurance coverage included in a BOP protects your financial reserves by helping you cover expenses related to property damage, injury, theft, and accidents. Such cases tend to be very stressful and costly, even if your business is not at fault.
The property coverage included in your BOP protects your business property against loss or damage. It also protects property in your care, control, or custody, even if it belongs to your clients, associates, or others. If your covered property is lost, damaged, or stolen, your BOP policy can provide funds at the property’s replacement value, rather than its depreciated value.
With a BOP in place, you can protect your business and recover from accidents easily, so you can get back to work quickly.