Business Owners Policy

The Hingham Group offers a Business Owners Policy (BOP) designed for small to medium size commercial enterprises. We offer property and liability coverages in a package format. Eligibility for the BOP program is limited to small retail, service, and processing risks; office buildings; and residential and office rentals and condominiums. Occupancies such as contractors, manufacturers, and some service categories are ineligible, however. The following are examples of eligible businesses:

  1. Habitational, such as apartment buildings, residential condominiums, and one to four family rental units.
  2. Offices, which include office buildings and office condominiums
  3. Retail, service, and processing establishments including:
    • Auto parts stores
    • Bakeries
    • Barber Shops
    • Drugstores
    • Funeral homes
    • Optometrist
    • Shoe repair shops

What we cover

Property

Coverage A: Buildings
Coverage B: Business personal property
Coverage C: Loss of Income

Liability

Coverage L: Bodily injury liability/property damage liability
Coverage M: Medical payments
Coverage N: Products/completed work
Coverage O: Fire legal liability
Coverage P: Personal and advertising injury liability

There are various enhancements which can be added to both the property and liability sides of the policy. To discuss our BOP product, please contact a convenient agent by referring to the Agency Locator.