Business Owner’s Policies (BOP) are a packed policy that typically combines business property and business liability insurance into one business insurance policy. BOP Insurance helps cover your business from a variety of covered claims like fire and theft. Business owner’s insurance also helps cover claims that could arise from your business’s operation such as claims of bodily injury or property damage. They also include claims related to personal and advertising injury. A BOP policy is especially helpful because it can be custom-made to fit industry-specific businesses. This means it’s often great for businesses of any size, especially small businesses. By purchasing a packaged policy, you often can receive more coverages at less cost than buying these separately. We can help you determine if this type of policy makes sense for your business. Once you know, we can shop for the right carrier that offers competitive rates for your industry and needs.
Business Owner’s Policy (BOP) – Frequently Asked Questions
- What is a Business Owner’s Policy (BOP)?
A Business Owner’s Policy bundles several essential types of business insurance into one convenient and cost-effective package, typically including general liability, commercial property, and business interruption coverage. - Who is eligible for a BOP?
BOPs are designed for small to mid-sized businesses with relatively low risk. Eligibility is based on industry, location, revenue, number of employees, and business operations. Retail stores, offices, restaurants, and contractors often qualify. - What’s included in a standard BOP?
Most BOPs include:
- General liability – for bodily injury and property damage
- Commercial property – for buildings, inventory, and equipment
- Business interruption insurance – for lost income if your business is temporarily shut down due to a covered event
- What types of businesses typically purchase a BOP?
Small businesses with physical locations or customer interactions—such as accountants, consultants, cafés, hair salons, IT services, and small retailers—commonly purchase BOPs for basic protection. - What’s not included in a BOP?
A standard BOP does not include:
- Workers’ compensation
- Professional liability (E&O)
- Commercial auto
- Cyber liability
- Employment practices liability
However, many insurers offer endorsements to add these coverages.
- Can I customize my BOP with additional coverage?
Yes! Common BOP add-ons include:
- Cyber liability
- Hired and non-owned auto
- Equipment breakdown
- Employee dishonesty/crime
- Outdoor signage
- Data breach coverage
- How is a BOP different from buying separate policies?
A BOP simplifies coverage by combining essential policies into one package, typically at a lower cost than buying each policy individually. It also ensures compatibility and helps prevent coverage gaps. - Is a BOP cheaper than separate policies?
Usually, yes. Insurance companies offer discounted pricing for bundled coverage. This makes BOPs a smart, affordable option for small businesses seeking broad protection. - How much coverage does a BOP provide?
Typical coverage limits start at:
- $1 million per occurrence / $2 million aggregate for liability
- Customizable limits for property coverage based on the value of your assets Work with your agent to determine appropriate coverage levels for your business.
- How do I know if a BOP is right for my business?
If your business has a physical location, owns property or equipment, interacts with the public, or would suffer income loss due to a temporary closure, a BOP may be a great fit. A licensed agent can assess your risk and determine eligibility.
