Business Owner's Policy
The following is a general overview of the Business Owner's Policy (BOP) coverage available through HPSO.
Click here to read about APTA MEMBERs Exclusive BOP Program.
To receive a rate quote, call 1-866-283-7128 or use our online quote process.
When requesting a quote you must select the following:
- Building Coverage Limit (if you own your building)
- Business Personal Property Amount
- Deductible
- Liability Limit
The BOP automatically includes the remaining package coverages at no additional charge.
Property Coverage
| Building - Standard Form (Named Peril) or Special Form (All Risk) | Your building amount |
| Business Personal Property | Your contents amount |
| Property Deductible | $250, $500 or $1,000 |
| Business Income & Extra Expense | Actual loss sustained - 12 months |
| Appurtenant Structures | $50,000 |
| Accounts Receivable | $25,000 |
| Money & Securities-Inside Premises | $10,000 |
| Money & Securities-Outside Premises | $5,000 |
| Valuable Papers | $25,000 |
| Ordinance or Law Coverage | $25,000 |
| Fire Department Service Charge | $25,000 |
| Newly Acquired Building | $500,000 |
| Personal Property at Newly Acquired Building | $250,000 |
| Tenant's Glass | $25,000 |
| Identity Recovery | $15,000 |
| Equipment Breakdown | Included |
| Terrorism | Included |
Liability Coverage
| Premises Liability (BI/PD single limit) | $1,000,000 or $2,000,000 |
| Products/Completed Operations (BI/PD single limit) | $1,000,000 or $2,000,000 |
| Personal and Advertising Injury | $1,000,000 or $2,000,000 |
| Damage to Premises Rented to You | $1,000,000 or $2,000,000 |
| Medical Expenses | $10,000 |
| Legal Expenses for Court or Review Boards | $5,000 |
| Hired & Non-Owned Aut | $Optional |
Healthcare Providers Endorsement (Optional)
(This is only a brief overview of the coverages provided by this endorsement.)
Blanket Coverage Limit can be used for: Medical Supplies |
$150,000 |
| Brands & Labels | Up to Business Personal Property limit |
| Claims Expense | $10,000 |
| Computer Fraud | $5,000 |
| Employee Dishonesty | $25,000 |
| Forgery | $25,000 |
| Fine Arts | $25,000 |
| Outdoor Signs | Full value |
| Salesperson's Samples | $5,000 |
| Sump Pump Overflow or Failure | $50,000 |
| Sewer & Drain Back Up | Up to Business Personal Property limit |
| Personal Effects | $25,000 |
|
Receive a 5% package discount when you place both your Business Owner's Policy and Workers' Compensation with the same carrier through HPSO. |
Workers' Compensation coverage is governed by your state's Workers' Compensation laws. In general, it provides:
- Medical Coverage: pays for employee work-related accidents, injuries or illnesses
- Wage Loss Benefits: pays for employee work-related accidents, injuries or illnesses
- Employers Liability: protects you from lawsuits made by your employees for work-related accidents, injuries or illnesses
To receive a rate quote, call 1-866-283-7128 or use our online quote process.
Other available coverages include:
- Commercial Liability Umbrella
- Commercial Auto Coverage
- Employment Practices Liability (EPL)
- International Coverages for International Businesses
- Kidnap, Ransom and Extortion Coverage
|
To Request a Quote today, contact us toll-free at 1-866-283-7128 or Click here to complete a Request for Quotation form. PLEASE NOTE: At the present time, Staffing Firms and Home Health Care Services are not eligible for the Workers' Compensation program. |
Questions about HPSO's Business Insurance Products? Click here
Coverage availability may vary by state.
A variety of options, limits and deductibles let you customize the coverage to your firm's needs and budget.
To receive a rate quote call 1-866-283-7128 or use our online quote
Contact Us:
159 E. County Line Road
Hatboro, PA 19040-1218
Phone: 1-866-283-7128
Fax: 1-800-567-4028
Email: businessinsurance@hpso.com
