Understanding the coverages offered by insurance policies can help your small business survive in the event of an accident. In a time when every penny counts due to inflation and shrinkflation, there is an unexpected bonus. An essential insurance fact for small business is there are two types of policies an insured may see, the BOP and the CPP.
Small businesses can have two different types of property insurance offered, the Businessowners Policy (BOP) and the Commercial Property Policy (CPP). Understanding the distinctions between them is crucial, as they protect your business against risks in different ways. Which policy you choose could be the deciding factor between having to lay off your employees after a loss, to possessing the necessary resources to reconstruct and move forward post-accident.
