BUSINESS OWNERS POLICY (BOP)
Business Owners
Policy Insurance
A simple, affordable way for small businesses to help
protect what you’ve built. Compare Business Owners
Policy (BOP) options that may include liability,
property, and more, all in one policy.
BUSINESS OWNERS POLICY (BOP)
Business Owners Policy Insurance
A simple, affordable way for small businesses to help protect what you’ve built. Compare Business Owners Policy (BOP) options that may include liability, property, and more, all in one policy.
Business Owners Policy Coverage Options
A Business Owners Policy, or BOP, combines common small business insurance coverages into one convenient policy. A BOP typically includes general liability and commercial property protection, with additional coverage options available depending on your business and insurance carrier.
General Liability Coverage
Helps protect your business from certain third-party claims
General liability coverage may help with claims involving bodily injury, property damage, personal injury, or advertising injury. It may also help with eligible legal defense costs, settlements, or judgments.
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Business Property Coverage
Helps protect your building, equipment, inventory, and other business property
Commercial property coverage may help repair or replace covered business property after losses such as fire, theft, vandalism, or certain weather events. Depending on the policy, coverage may apply to buildings, furniture, equipment, inventory, and other business personal property. Business income coverage may also help replace lost income if a covered property loss temporarily interrupts your business.
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Tools & Equipment Coverage
Additional protection for business tools and portable equipment
Certain businesses, including contractors and service professionals, may be able to add coverage for tools and equipment used away from the primary business location. Eligibility and covered property vary by insurance carrier and endorsement.
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Equipment Breakdown Coverage
Helps protect certain mechanical and electrical equipment
Equipment breakdown coverage may help pay to repair or replace covered equipment damaged by certain mechanical, electrical, or pressure-system failures. Coverage may apply to business machinery, appliances, electrical systems, and other eligible equipment.
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Spoilage Coverage
May help protect temperature-sensitive inventory
Businesses that store food or other perishable inventory may be able to add spoilage coverage. Depending on the endorsement, coverage may apply to certain losses caused by power interruption, contamination, or equipment failure.
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Professional Liability Coverage
May help protect against certain claims involving professional services
Some eligible businesses may be able to add professional liability protection for claims involving alleged errors, omissions, negligence, or mistakes in professional services. Availability varies significantly by profession, carrier, and policy.
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Business Owners Policy coverage, eligibility, endorsements, limits, deductibles, exclusions, and benefits vary by business type, insurance carrier, location, and policy.
Business Owners Policy (BOP) FAQs
Find answers to common business owners policy questions.
What is a Business Owners Policy (BOP)?
A Business Owners Policy, commonly called a BOP, combines several important types of small business insurance into one policy. It typically includes general liability, commercial property and business income coverage, subject to policy terms.
What does a Business Owners Policy cover?
A BOP typically helps protect against covered liability claims, damage to business property and lost income following certain covered interruptions. Coverage varies by insurer, business type and policy.
Who needs a Business Owners Policy?
A BOP may be a good fit for many small and midsize businesses, including retailers, offices, contractors, restaurants and service businesses that have property to protect or face liability risks.
How much does a Business Owners Policy cost?
BOP pricing can depend on factors such as your industry, business location, property value, revenue, number of employees, coverage limits, claims history and other risk factors.
What is the difference between a BOP and general liability insurance?
General liability insurance primarily helps cover certain third-party bodily injury, property damage and personal or advertising injury claims. A BOP usually combines general liability with commercial property and business income coverage for broader protection.
Does a BOP include business income coverage?
Many BOPs include business income coverage, sometimes called business interruption coverage. It may help replace lost income and certain continuing expenses when a covered loss temporarily disrupts business operations.
Does a BOP cover business property and equipment?
Commercial property coverage within a BOP may help protect buildings, furniture, inventory, equipment and other business-owned property from covered losses. Coverage depends on the policy and selected limits.
Can I customize a Business Owners Policy?
Yes. Depending on the insurer and your business, endorsements or additional coverages may be available for risks such as cyber liability, equipment breakdown, tools and equipment, spoilage or other specialized exposures.
