Virginia Farm Bureau insurance can help business owners simplify, save and get back to business.

A Businessowner Policy offers packaged business insurance coverage without the need for multiple policies. Businessowner Policies or BOPs, combine property coverage, liability and business income into one flexible package that can be customized to cover the needs of small to mid-size businesses.

The total cost of a BOP is often lower than having individual policies.

“The new Businessowner Policy rolled out Jan. 1 and replaced the old (product), which was over 25 years old,” explained Lisa Whitus, personal and commercial lines underwriting manager for Virginia Farm Bureau Mutual Insurance Co. “The new policy is much more robust. It’s a really customizable new product and allows us to be able to compete in the marketplace for pricing and coverages.”

BOP can provide coverage for hospitality, community nonprofit, offices, corner markets, personal services, retail, or specialty contractor businesses.

“BOP provides extensive coverage for today’s business needs,” Whitus added. “It’s really a comprehensive, flexible product.”
The new BOP can accommodate general business upgrades and offers installment plans and may include multiple discounts, including claims-free, loyalty and multiple policy discounts.

Plans include:

• Business property: Protect your business inside and out, including inventory, furniture, landscaping and outdoor signs.
• General liability: This helps cover legal expenses, medical costs and other financial obligations if you are responsible for bodily injury or property damage to a third party.
• Loss of income: Recover quickly if your business can’t operate normally due to a covered disaster.

Additional coverages, offered in partnership with Hartford Steam Boiler, include:

• Commercial equipment breakdown: Helps cover replacement or repair of critical machinery and electronics for your business, including HVAC equipment and sensitive electrical systems and components. 
• Cyber Suite: Includes a full list of services and resources if your business or customer data is stolen or lost. It includes public relations fees, data recovery and identity monitoring costs after a breach occurs.
• Employment Practices Liability: Equal employment laws prohibit discrimination or harassment of protected groups. EPL helps provide liability coverage if an owner or employee is accused of discrimination or harassment.

For a full list of what’s covered with BOP and to find out more, contact a county Farm Bureau office near you, and visit vafb.com/insurance/business-owners.