Business Owner's Policy

Business Insurance for Business Owner's Policy

A Business Owner's Policy, or BOP, combines general liability insurance and commercial property insurance into a single, convenient package. This bundled approach typically costs less than purchasing coverages separately while providing comprehensive protection for small and medium-sized businesses.

Why Your Business Needs This

• Bundling coverage saves you money compared to separate policies
• One policy simplifies your insurance management and renewals
• Business income coverage helps you survive temporary closures
• Comprehensive protection covers both liability and property exposures

What It Covers

A BOP includes general liability coverage for third-party injury and property damage claims, commercial property insurance for your building and contents, business interruption coverage to replace lost income during covered closures, and equipment breakdown protection. Additional coverages like crime, cyber liability, and professional liability can often be added to your BOP.

Is My Business Eligible for a BOP?

Most small to medium-sized businesses in retail, office, processing, and service industries qualify for BOP coverage. Restaurants, contractors, wholesale operations, and apartment buildings typically qualify. Very large businesses or those in high-risk industries may need customized coverage instead.

What About Business Interruption Coverage?

Business interruption coverage, included in most BOPs, reimburses you for lost income when a covered property loss forces you to temporarily close or reduce operations. It covers continuing expenses like rent and payroll while you recover, helping you stay afloat during the restoration period.