Business Owner’s Policy (BOP) for Bookkeepers in Washington
Bookkeepers in Washington often juggle multiple responsibilities—tracking expenses, preparing financial reports, managing payroll, and advising on compliance. To streamline your insurance needs while ensuring thorough protection, a Business Owner’s Policy (BOP) can be the ideal solution. Designed specifically for small businesses, a BOP combines key coverages into one convenient, cost-effective package.
What Is a Business Owner’s Policy (BOP)? A BOP bundles general liability and commercial property insurance into a single policy, and often includes optional add-ons like business interruption insurance. For bookkeepers, this type of policy simplifies your insurance strategy without compromising on protection.
Core Coverages in a BOP:
- General Liability: Covers third-party injuries, property damage, and advertising injury
- Commercial Property Insurance: Protects your office, equipment, and furnishings from fire, theft, or vandalism
- Business Interruption Insurance (optional): Replaces lost income if you can’t operate due to a covered event like a fire or storm
Why It’s Smart for Washington Bookkeepers
- Flexible office setups: Whether you work from a home office in Spokane or lease space in Bellevue, your equipment and records need protection
- Cost-effective coverage: Bundling policies usually reduces premiums compared to purchasing each policy individually
- Growing small business community: With more entrepreneurs and startups needing bookkeeping services, coverage demands are increasing
What’s Typically Not Covered:
- Professional mistakes (requires professional liability insurance)
- Employee injuries (covered by workers’ compensation)
- Cyber threats (requires separate cyber liability insurance)
Real-World Examples:
- A fire damages your home office and equipment, disrupting your business for a week
- A client is injured after tripping over a cord in your leased office
- Vandalism at your Tacoma office destroys your computer and client files
Add-On Options to Consider:
- Business interruption coverage
- Equipment breakdown insurance
- Data breach or cyber protection endorsements
How Much Does a BOP Cost? The cost of a BOP for bookkeepers in Washington depends on factors like:
- Your location and the size of your office
- The value of your business property
- The number of clients you serve
Why Bookkeepers Trust Insurance Alliance At Insurance Alliance, we work with bookkeepers from Olympia to Redmond to create tailored BOPs that balance affordability with complete protection. We:
- Help you evaluate your coverage needs
- Offer quotes from multiple carriers
- Make policy changes easy as your business grows
Simplify and Strengthen Your Insurance Strategy With a Business Owner’s Policy, you can consolidate your essential coverage and gain peace of mind—so you can focus on helping your clients stay financially organized.
Contact Insurance Alliance today for a customized BOP quote tailored for Washington bookkeepers.
