Business Owners’ Insurance
What Is A Business Owners Policy (BOP)?
A BOP is a bundled insurance policy that combines general liability coverage and property insurance into one package, designed specifically for small to midsize businesses.
What types of businesses are eligible for a BOP?
Eligibility depends on your industry, size, and operations. Most retailers, offices, service businesses, and small restaurants qualify. Businesses with large footprints, high-risk operations, or heavy manufacturing may need a custom commercial package instead.
What does a BOP typically cover?
A standard BOP includes property coverage for your building and contents, business interruption coverage for lost income due to covered damage, and general liability for bodily injury or property damage to others.
What’s not covered under a BOP?
BOPs do not include workers’ compensation, professional liability, flood or earthquake damage, or commercial auto coverage. All of these may be purchased separately or as add-ons.
Can I customize my BOP coverage?
Yes, common add-ons include cyber liability, equipment breakdown, data compromise, outdoor signage, and employee practices liability coverage.
Why is a BOP better than buying separate policies?
A BOP is typically more cost-effective than buying standalone policies, while still providing sound coverage. It also simplifies your insurance by consolidating key protections into one plan.
Is business interruption included in a BOP?
Yes, most BOPs include business income coverage, which helps replace lost revenue if your business is temporarily shut down due to a covered loss, like a fire or a storm.
How do I get a quote and see if I’m eligible?
Contact our team directly or fill out our quick form online. We’ll review your business details, check for BOP eligibility, and customize a policy that fits your coverage needs and budget.
Do I need a BOP if I work from home or lease my space?
Yes, even if you work from home or rent a space, you’re still responsible for your business equipment, client interactions, and any damage or injury related to your operations. A BOP helps protect against these risks, regardless of where you run your business.