Independent agency in Peoria, Arizona. Strategic Insurance Agency Alliance member.
Independent agency in Peoria, Arizona. Strategic Insurance Agency Alliance member.
A business owners policy packages general liability and commercial property into a single contract, usually for less than buying the two separately. For a shop, an office or a small warehouse it is the natural starting point.
At a glance
Business owners policy
Includes
General liability, commercial property, and usually business interruption.
Does not include
Commercial auto, workers compensation, professional liability or cyber.
Who it fits
Shops, offices, small warehouses, professional services and many light contractors.
Why it is cheaper
One package policy instead of two, priced for a class of business the carrier wants.
The number to get right
The property limit. Replacement cost of contents and equipment, not the book value.
5.0 on Google and Facebook
A growing list of carriers
SIAA member agency
A local agent who picks up
Start here
A BOP is a package. It contains general liability, which covers harm you do to other people, and commercial property, which covers your own building, contents, inventory and equipment. Most BOPs also include business interruption, which is the coverage that pays your ongoing bills while a covered loss keeps you closed.
Business interruption is the part people underrate. If a fire closes a shop for two months, the property claim rebuilds the shop and business interruption is what keeps the rent, the payroll and the lost income from finishing the business off first.
BOPs are designed for small and medium businesses in lower-hazard classes: offices, shops, restaurants under certain conditions, professional services, small warehouses, and many light contractors. If your operation falls outside the eligibility rules, the same coverages get built as a package instead.
A BOP does not include commercial auto and does not include workers compensation. Those remain separate policies alongside it.
For an eligible business the package is normally the better answer. Not always.
Separate policies
Necessary when the business falls outside BOP eligibility rules.
Each policy can be placed with a different carrier for a difficult exposure.
Two renewals, two bills and two sets of terms to keep aligned.
Usually more expensive in total for a business that qualifies for a package.
A business owners policy
Liability and property in one contract at one renewal.
Business interruption commonly included rather than bought separately.
Typically less than the two policies purchased individually.
Endorsements let it stretch to fit most small operations.
The three parts
Two coverages you would otherwise buy separately, plus a third that is easy to overlook and hard to do without.
602-480-6453Business owners policy
Declarations
General liability
Bodily injury and property damage to other people, plus personal and advertising injury, with defense costs.
The same coverage you would buy on its own.
Commercial property
Your building if you own it, your improvements if you lease, plus contents, inventory, equipment and furniture.
Insured at replacement cost where the carrier offers it.
Business interruption
Pays lost income and ongoing expenses while a covered loss keeps you from trading.
Frequently the difference between reopening and not.
Endorsements worth asking about
Equipment breakdown, spoilage, data and cyber, employee dishonesty, and signage.
Small additions that match a BOP to a real business.
Illustration of how a declarations page is laid out. Not a real policy.
Your shop or office holds years of work under one roof. As an independent agency we have more commercial markets open to us than most owners expect, and the list keeps growing, so we can compare packages instead of handing you the only one we have.
Most BOPs are underinsured on the property side, because the number was set when the business was smaller and nobody revisited it. Equipment gets added, inventory grows, a build-out happens, and the limit stays where it was.
What we will ask about your space
Own or lease, and what the lease makes you responsible for insuring
What it would cost to replace the contents and equipment today, all at once
How much of the revenue would stop if the doors closed for two months
Whether anything in the operation needs an endorsement: spoilage, equipment breakdown, cyber
Whether there is a commercial auto or workers comp policy that should sit alongside
The Hartford and Travelers are both established small commercial markets and both are appointed here, alongside Nationwide, and the commercial list grows as new appointments come through.
In their words
5.0 stars across Google and Facebook
“
Great experience with this insurance agent! He helped me find a good price for my car insurance and made the whole process easy and stress-free. Very helpful, honest, and professional. Highly recommend!
RY
Ramez Y.
I had a great experience with Shield of Faith Insurance! Mena took the time to understand our family's needs and explained each part of the coverage clearly. He helped us set up a home insurance policy with stronger protection and bundled it with our auto insurance for a package at a lower cost. What stood out most was his honesty and patience, he focused only on what truly benefited us, making the whole process simple and stress-free. We now have better coverage and peace of mind thanks to Mena. Highly recommend!
Hanna K. · Google and Facebook
Shield of Faith Insurance made getting renters insurance simple and affordable, after talking to a few other brokers, they were the ones who helped me get the best coverage with no stress!
Ahmad F. · Google and Facebook
I had a really good experience working with Shield of Faith Insurance. I needed new rental insurance as I was moving apartments. I got sent details on the policy next day and all I had to do was sign the forms. I ended up with a really good deal and saved about 20% compared to my old policy. I reached out to him again about auto insurance as well. I have had Geico for over 5 years and my premiums had only gotten more expensive. He somehow ended up getting me more coverage for half the price I was paying before. The entire process was easy and Mena was very responsive to email and text. Would highly encourage you to take a look and see what type of deals he can make for your insurance policies.
David G. · Google
I had a fantastic experience with Shield of Faith Insurance! Mena was incredibly patient and took the time to walk me through every detail of the coverage options. He made sure I understood the benefits clearly and only recommended what truly made sense for my specific situation. Thanks to Mena, I now have an auto policy that provides much better coverage at a significantly lower cost than what I was paying before. The entire process was smooth and efficient. He handled most of the backend work, which saved me a lot of time and hassle. If you're looking for an honest, knowledgeable, and helpful insurance agent, I highly recommend Mena at Shield of Faith Insurance!
Sara Z. · Google
Every review above is quoted in full from Google or Facebook. Read all of them.
What is a business owners policy?
A BOP is a package policy that combines general liability and commercial property, usually with business interruption included. It is designed for small and medium businesses in lower-hazard classes and is normally cheaper than buying the two coverages separately.
Does a BOP include workers compensation?
No. Workers compensation is always a separate policy, and Arizona requires it once you employ anyone. Commercial auto is also separate.
I lease my space. Do I still need property coverage?
Yes. Your landlord insures the building; you insure your contents, inventory, equipment and any improvements you made to the space. Your lease usually spells out exactly what you are responsible for, and it is worth reading before setting the limit.
What is business interruption coverage?
It pays lost income and continuing expenses such as rent and payroll while a covered loss keeps you from operating. It is frequently the most valuable part of the policy and the part people forget they have.
Is my business eligible for a BOP?
Eligibility depends on the class of business, the size, the building and the operations. Many offices, shops, professional services and light contractors qualify. If yours does not, the same coverages can be assembled as a package instead, which we will tell you upfront rather than after a declined submission.
Free and no obligation
At Shield of Faith Insurance, we make it easy to compare options for your business. Commercial auto, general liability, workers comp and a business owners policy can all sit with one local agent in Peoria, AZ.
Contact our Peoria office today to request your free, no-obligation insurance quote and discover how we can help you protect what matters most.
Call or text anytime during the business week. Evenings and Saturdays by appointment.
What happens next
1
Tell us about your business: the work, the vehicles and the crew.2
We compare several carriers for the whole package: auto, liability and workers comp.3
A real person from our office calls you back with options. No robo-dialers.Service area
We write a business owners policy in Arizona for shops, offices and light contractors, including a business owners policy in Peoria, AZ. BOP insurance in Arizona packages liability and property into one contract, and business owners insurance written this way is normally cheaper than buying the two separately.
Get a commercial quote
Tell us about the business. We compare several carriers and call you back with options.
No robo-dialers and no spam calls. A local agent follows up personally. Sending this does not bind coverage.
Tell us what it would cost to replace your contents and equipment today. That number moves more than owners expect.
