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Home > Blog > L Squared Insurance Agency Blog: bop
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L Squared Insurance Agency Blog: bop

View the latest blog posts from L Squared Insurance Agency.

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Wednesday, December 15, 2021

What a Business Owner’s Policy Does For You

ess must have no more than 100 employees and no more than $1 million in revenue. Bigger companies will likely have to buy insurance policies a la carte.  A BOP bundles several coverages into a package for comprehensive protection, as well as lower premiums in many cases. READ MORE >>

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Friday, July 16, 2021

BOPs Can Protect Your Company Assets and Save You Money

By buying business insurance, you take a big step to secure your finances and create a strong risk management strategy. After all, you never know when a single incident like a fire or break-in could devastate your business and cost you a fortune.  READ MORE >>

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Wednesday, May 29, 2019

The Business Owners Policy (BOP) for Accounting and Law Firms

Whether a Law or Accounting firm rents, owns a building or works out of their house; a Business Owners Policy (BOP) is essential insurance coverage.  While most firms understand how important malpractice insurance is.  Professional liability insurance only covers the errors and omissions. READ MORE >>

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Monday, October 15, 2018

BOPs Help Fill the Professional Insurance Protection Puzzle

Law Firms, Accounting Firms and Title Agencies know that they need professional liability insurance for their malpractice or errors and omissions coverage.  But many firms neglect the business side of their practice.  BOP stands for Business Owners Policy is sometimes also referred to as Business Insurance. READ MORE >>

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Wednesday, August 29, 2018

Attorney Malpractice Insurance not covering IOLTA Accounts?

Many Law Firms carry large balances in Escrow Trust and IOLTA accounts.  What would happen if those funds disappear?  Law firms may rely on a “trusted” employee to manage the funds, balance the accounts, deposit funds and write checks.  Unfortunately this “trusted” employee is a leading cause of loss. READ MORE >>

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Thursday, July 26, 2018

Anatomy of a Law Firm Cyber Claim

In the past we have blogged about attorney malpractice policies not answering cyber claims and that even though a business owner’s policy (BOP) may contain some cyber coverage, it likely will not provide all of the coverage and limits that a true cyber policy provides. READ MORE >>

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Tuesday, November 1, 2016

The forgotten coverage for Law and Accounting Firms, the lowly Business Owners Policy (BOP)

Whether a Law or Accounting Firm rents or owns a building, a Business Owners Policy (BOP) is essential insurance coverage.  While most Firms understand how important Malpractice Insurance is.  Professional Liability Insurance only covers the errors and omissions or malpractice claims. READ MORE >>

Thursday, August 4, 2016

Risks Associated with In Home Based Law Practices

Starting your own Law Practice can be stressful. There are a lot of important choices you have to make to get your practice up and running to become successful.  One of those to minimize up front expenses until the revenue starts to flow is starting the law practice in your home. READ MORE >>

Wednesday, August 3, 2016

Business Owners Coverage is for managing the business side of your law practice’s liability

It should come as no surprise to you that general liability is a major issue for law firms. General liability lawsuits can bankrupt a firm just as easily as a attorney malpractice claim.  As with making sure that you take care of the practice of law it is just as important to protect yoursel... READ MORE >>

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Wednesday, July 20, 2016

What is a BOP?

Many law firms and accounting firms know that they need professional liability insurance to protect them for malpractice.  But many firms neglect the business side of their practice.  BOP stands for Business Owners Policy.  It is a prepackaged policy specifically designed to meet the needs of small to medium sized businesses. READ MORE >>

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