Business Owners Insurance for Financial Planners | What is a BOP?
In this video, we address a common question among Financial Planners: Do you need Business Owners Insurance or a BOP policy, especially if your firm is virtual or you work from home? While E&O or Professional Liability Insurance may seem sufficient, I'll explain why a Business Owners Policy (BOP) is crucial for financial planners.
A BOP policy combines property and liability coverages into one comprehensive package, including coverage for business personal property and liability insurance. Despite having E&O insurance, General Liability coverage is essential as it protects against bodily injury or property damage claims, which are excluded from E&O policies.
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7 апр 2024
