Category Archives: Business Owners Policy (BOP)

For home and business owners throughout Florida, Texas, and many small islands in the Caribbean, 2017 will be a year not easily forgotten.

After an above average hurricane season that witnessed the formation of some of the largest storms on record— Harvey, Irma, and Maria; the staggering amounts of damage and sheer devastation are still being felt months later in some of these most affected areas.

At the midpoint of the 2017 hurricane season Bob Henson, a meteorologist for Weather Underground, went on record with the Tampa Bay Times saying “This season has been an overachiever by almost every index… We’ve had more than a year’s worth of named storms when you look at the long-term average, and that’s being just past the midpoint of the season.”

But what does this say about the future 2018 season? According to Palm Beach Post and by association, Colorado State University, research is showing “60 percent probability that a more active season will unfold, giving a below-average season only a 20 percent probability of occurring.”

Luckily, for homeowners, there is Home Insurance, and for business owners, there is the Business Owners Policy— otherwise referred to as “BOP.”