Simplified Coverage

Business Owners’ Policies

Managing multiple insurance policies can be overwhelming. Wright Risk Consultants simplifies it with Business Owners’ Policies (BOPs), which combine essential coverages into one convenient plan. Tailored for Tennessee businesses, our BOPs protect your operations while saving you time and money.

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Tailored Solutions

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Cost Savings

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Expert Support

Why BOPs Work

Comprehensive Coverage, One Policy

A BOP combines general liability, property insurance, and other essential protections into one policy, simplifying management and lowering costs. With Wright Risk, you gain the peace of mind of comprehensive protection, customized for your unique business needs, all in one efficient package.

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Streamlined Coverage Management

With a BOP, you manage one policy instead of juggling multiple coverages. This saves time and reduces the risk of gaps in protection, ensuring your business remains fully safeguarded without added complexity.

Tailored to Your Needs

Our BOPs are customized to fit the unique risks of your business, from small retail operations to larger professional services. We prioritize flexibility and affordability without compromising on essential protection.

Common Questions

Business Owners’ FAQs

A Business Owners’ Policy is a versatile solution for many businesses. Below, we answer the most common questions to help you understand how a BOP can benefit your operations.

  • What does a Business Owners’ Policy include?

    A BOP typically includes general liability insurance, commercial property insurance, and business interruption coverage. Liability protects against third-party claims, property insurance safeguards physical assets, and business interruption coverage ensures income continuity during unforeseen disruptions. Wright Risk tailors each BOP to include additional coverages, like cybersecurity or equipment breakdown insurance, based on your unique needs, ensuring comprehensive protection for your business.

  • Is a Business Owners’ Policy suitable for all businesses?

    While a BOP is ideal for small to medium-sized businesses, it may not meet the needs of larger companies with complex risks. BOPs work best for businesses with physical assets or customer interactions, such as retailers, restaurants, and professional services. Wright Risk evaluates your specific needs and recommends whether a BOP or a more customized policy solution is the right fit for you.

  • How does a BOP save money?

    Bundling coverages into a single BOP policy often lowers premiums compared to purchasing individual policies separately. Additionally, simplifying management reduces administrative costs and minimizes the risk of duplicate coverage. At Wright Risk, we help you identify cost-saving opportunities without sacrificing essential protections, ensuring your business remains financially secure and well-insured.

  • Can I customize my Business Owners’ Policy?

    Yes, BOPs are highly customizable. You can add coverage for risks specific to your industry, such as data breaches, equipment breakdowns, or outdoor signage. At Wright Risk, we tailor each BOP to address your business’s unique challenges, creating a comprehensive package that meets your needs without unnecessary extras or hidden costs.

  • Does a BOP include workers’ compensation coverage?

    No, workers’ compensation is a separate policy and not typically included in a BOP. However, we can help bundle workers’ comp with your BOP for seamless management. Wright Risk ensures all your policies work together to protect your employees, assets, and operations effectively, saving you time and hassle.

  • What industries are best suited for a BOP?

    BOPs are ideal for industries like retail, healthcare, professional services, restaurants, and small manufacturers. These businesses benefit from bundled protections that address their unique risks. Wright Risk specializes in crafting industry-specific BOPs, ensuring you get robust coverage tailored to your operations and aligned with industry standards.

  • How do I file a claim with a BOP?

    Filing a claim under a BOP is simple. Contact our team directly with details of the incident, and we’ll handle the rest. Our claims experts guide you through the process, ensuring timely resolutions and minimal disruptions to your business. With Wright Risk, you can focus on running your business while we take care of the complexities.

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