Business Owners Policy
Bundle the coverages most small and mid-sized businesses need into a single, more affordable package.
Protect Your Business With One Streamlined Policy
Running a business means managing risk on multiple fronts — property damage, liability claims, and lost income after an unexpected event.
Just like businesses come in all shapes and sizes, so do their insurance needs. But selecting the right coverages can be a daunting task, even for seasoned entrepreneurs. That’s why we’ve designed a Business Owner’s Policy (BOP) that makes the insurance buying process easier.
With a BOP we create a policy that fits your needs with coverages that can include:
- General Liability
- Professional Liability
- Property Coverage
- Cyber Liability
Simple. Streamlined. Complete.
By bundling property and liability protection into one policy with optional “Add-Ons” and endorsements pre-designed for specific industry groups, we will create an insurance solution that is both simple and tailored to fit your needs.
Factors That Affect Your BOP Cost
- Industry and type of work performed
- Annual revenue and payroll
- Number of employees and locations
- Value of your building and business contents
- Claims history
- Coverage limits and deductible chosen
Because every business’s risk profile is different, the best way to know your actual cost is to get a personalized quote. Contact us today for a BOP designed specifically for the needs of your business.
Frequently Asked Questions
What Is a Business Owners Policy (BOP)?
A Business Owners Policy combines general liability insurance and commercial property insurance into a single, bundled policy, typically at a lower combined cost than buying each coverage separately. It’s designed for small to mid-sized businesses with straightforward risk profiles.
Why Do You Need a BOP?
Most businesses face at least two core risks: someone getting hurt or property being damaged because of your operations (liability), and damage to your own building, equipment, or inventory (property). A BOP addresses both in one policy, is often required by landlords or client contracts, and can be more cost-effective than purchasing separate liability and property policies.
What Does a Typical BOP Cover?
Coverage Type | What It Protects |
|---|---|
General Liability | Bodily injury or property damage claims against your business from third parties. |
Commercial Property | Your building (if owned), equipment, furniture, and inventory. |
Business Interruption / Loss of Income | Lost income and ongoing expenses if a covered event forces you to temporarily close. |
Equipment Breakdown | Optional add-on covering mechanical or electrical equipment failure. |
Crime / Theft Coverage | Optional add-on for employee theft or crime-related losses. |
What’s Usually NOT Covered?
- Professional errors or omissions – mistakes in professional services or advice require a separate Errors & Omissions (E&O) policy.
- Employee injuries – workplace injuries require workers’ compensation insurance, which is separate from a BOP.
- Commercial vehicle accidents – business vehicles need a commercial auto policy.
- Cyber incidents – data breaches and cyberattacks typically require a separate cyber liability policy.
- Flood and earthquake damage – generally excluded and available as separate coverage.
What size businesses qualify for a BOP?
BOPs are generally designed for small to mid-sized businesses with lower-risk operations — think retail shops, offices, restaurants, and service businesses. Larger or higher-risk operations may need separate, more customized policies.
What's the difference between a BOP and general liability alone?
General liability alone only covers third-party injury and property damage claims. A BOP adds commercial property and business interruption coverage on top of that liability protection, in one combined policy.
Can I add cyber liability to my BOP?
Many carriers offer cyber liability as an endorsement to a BOP, or as a standalone policy. This is recommended if your business handles customer data or takes online payments.
Does a BOP cover business interruption?
Yes, most BOPs include business interruption (loss of income) coverage, which helps pay ongoing expenses and lost income if a covered property loss forces you to temporarily close or relocate.
Do I still need workers' comp if I have a BOP?
Yes. A BOP does not include workers’ compensation coverage. If you have employees, workers’ comp is typically required separately and, in most states, by law.
How is my BOP premium calculated?
Insurers typically look at your industry classification, revenue, payroll, location, building value, and claims history to determine your premium.