Business Owners Policy (BOP)
Bundle general liability and property insurance in one cost-effective package designed specifically for small to medium-sized businesses.
What is a Business Owners Policy?
A Business Owners Policy (BOP) bundles three essential coverages into one cost-effective package: General Liability Insurance, Property Insurance, and Business Interruption Insurance. It's designed for small to medium-sized businesses.
Cost Savings
Save 15-25% vs. buying separate policies
Simplified Coverage
One policy, one premium, one renewal date
Comprehensive Protection
Essential coverages in one package
What's Included in a BOP?
General Liability
- • Bodily injury
- • Property damage
- • Personal injury
- • Legal defense
Property Insurance
- • Building coverage
- • Business contents
- • Equipment
- • Inventory
Business Interruption
- • Lost income
- • Operating expenses
- • Temporary relocation
- • Recovery period
Who Should Get a BOP?
BOPs are ideal for low to moderate-risk businesses with:
✓ Perfect For:
- ✓Less than $1M in annual revenue
- ✓Under 100 employees
- ✓Office or retail locations
- ✓Limited property and equipment
- ✓Low to moderate risk operations
✗ Not Suitable For:
- ✗High-risk industries (restaurants, bars, construction)
- ✗Large corporations with significant assets
- ✗Manufacturing with heavy machinery
- ✗Businesses with vehicles (need commercial auto)
- ✗Professional services (need E&O coverage)
Professional Offices
Consultants, accountants, agents
Small Retail
Boutiques, gift shops, bookstores
Personal Services
Salons, spas, fitness studios
Technology
Software companies, IT firms
Creative Services
Photographers, designers, studios
Wholesalers
Small warehouse operations
BOP vs. Separate Policies
Business Owners Policy
15-25% savings vs. separate policies
One policy, one renewal, one payment
Pre-packaged protection for common risks
Often included at no extra cost
Separate Policies
Tailor each policy to specific needs
Easier to get very high coverage amounts
More expensive than bundled BOP
Multiple policies, renewals, payments
Common BOP Add-Ons & Endorsements
Customize your BOP with these optional coverages:
Equipment Breakdown
Covers repair or replacement of heating, air conditioning, refrigeration, and electrical equipment.
Employee Dishonesty
Protection against theft or fraud committed by employees.
Outdoor Signs
Coverage for outdoor business signs damaged by weather or vandalism.
Accounts Receivable
Protects your ability to collect money owed if records are destroyed.
Money & Securities
Covers theft of money, checks, or securities on or off premises.
Utility Services
Coverage for lost income due to power, water, or utility service interruptions.
Get Your BOP Quote
Fill out the form below to receive a customized Business Owners Policy quote.
Frequently Asked Questions
How much does a BOP cost?
Most small businesses pay between $500 and $3,000 annually for a BOP, depending on industry, location, revenue, and coverage limits. It's typically 15-25% cheaper than buying separate policies.
Does a BOP include workers' compensation?
No. Workers' compensation is a separate policy required by law in most states. You'll need to purchase it in addition to your BOP if you have employees.
Can I add professional liability to a BOP?
Some insurers allow you to add professional liability (E&O) as an endorsement to your BOP, but it's often purchased as a separate policy for better coverage.
What's the difference between a BOP and a Commercial Package Policy (CPP)?
A BOP is a pre-packaged policy with standard coverages for small businesses. A CPP is fully customizable for larger businesses with unique needs, but typically costs more.