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💡 Did You Know?
Your liability and property insurance isn't a fixed package. You can completely customize your Business Owner's Policy (BOP) by adding an endorsement—a specialized add-on that enhances or modifies your standard coverage to perfectly fit your business's unique risks!
A Business Owner's Policy (BOP) is just the starting line, not the finish line. You can and should customize your liability and property insurance to perfectly match your unique business risks. This is done by adding endorsements, which are like specialized add-ons that either enhance or modify your standard coverage.
Not sure which custom coverages you need? we can guide you here at Tans agency , but here's a look at the powerful ways you can tailor your protection:
1. Industry-Specific Endorsements
These coverages address the inherent risks unique to your type of business:
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Restaurants: Might add coverage for food spoilage if a freezer breaks down.
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Retail Stores: May cover costs from a large merchandise withdrawal (recall).
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Hotels/Motels: Could include increased limits for protecting outdoor signs and fences.
2. Risk-Specific & Increased Limit Endorsements
Go beyond standard limits to safeguard against common or growing threats:
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Increased Coverage Limits: You can often boost the dollar amounts of your standard BOP protection for even greater security.
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Specialized Risks: There are dozens of add-ons for unique situations, such as Garage Keepers Legal Liability for auto repair shops or Cyber Coverage (Data Compromise) for data breaches.
Common Custom Endorsements (Essential Add-ons)
These are some of the most frequently added endorsements that provide crucial protection for day-to-day operations and legal issues:
| Endorsement | What It Covers | Who Needs It? |
| Cyber Liability | Protects your business if a data breach occurs, including costs for regulatory action defense and notifying affected customers/employees. | Any business that stores customer or employee data. |
| Hired & Non-Owned Auto Liability | Provides protection when you or an employee uses a rented, leased, borrowed, or personal vehicle (like a delivery driver using their own car) for business purposes. | Businesses with employees making deliveries or running errands. |
| Employment Practices Liability | Protects your business against claims or lawsuits related to wrongful termination, harassment, discrimination, and other inappropriate workplace behavior. | Any business with employees. |
| Employee Benefits Liability | Covers errors or omissions in the administration of your employee benefits program (e.g., mistakenly failing to enroll an employee in medical insurance). | Businesses offering employee benefits. |
| Contractors Installation, Tools & Equipment | Protects your tools, equipment, and property while they are at a job site, in transit, temporarily stored, or during installation. | Contractors and businesses with mobile equipment. |
| Liquor Liability | Covers liability incurred from the selling, serving, or furnishing of alcoholic beverages (e.g., serving an intoxicated person who causes an accident). | Restaurants, bars, convenience, and liquor stores. |
| Equipment Breakdown (Boiler & Machinery) | Covers the repair or replacement of key systems like electrical, AC/refrigeration, computers, and boilers. Also covers lost income and food spoilage due to the breakdown. |
Any business reliant on complex machinery, HV AC, or refrigeration. |
If you’d like friendly guidance on BOP Customozation or want a quick review of your current policy, our team is here to help—just reach out!Phone: 469.269.6539
Email: sales@tansagency.com
Website: Tansagency.com
Contact Tans Agency for a policy review: 469.269.6539
