Business Owner’s Insurance Policy (BOP)
Comprehensive protection for your business, all in one policy.
A Business Owner’s Policy (BOP) combines two key types of insurance—general liability and commercial property—into one simple, affordable package. It’s designed for small to mid-sized businesses that want all-around protection from common risks like customer injuries, property damage, or unexpected closures.
Whether you run a retail shop, restaurant, office, or online business, a BOP helps safeguard both your physical space and financial stability—so you can focus on growth with confidence.
What’s included in a BOP?
A BOP includes two foundational types of coverage that work together to protect your business:
General Liability Coverage
Protects you from claims involving:Bodily injury or property damage — if someone is injured at your business or you damage their property.
Personal and advertising injury — for claims like slander or copyright infringement in your marketing.
Legal defense costs — covers attorney fees and settlements related to covered claims.Commercial Property Coverage
Protects your business assets, including:
Your building or leased space
Furniture, inventory, and equipment
Business interruption — helps replace lost income and cover relocation or rebuilding costs after a covered loss.
What’s not covered?
A BOP doesn’t cover every type of risk. It typically excludes:
Professional liability (for advice-based businesses)
Workers’ compensation (required separately if you have employees)
Commercial auto insurance (for business-owned vehicles)
Flood and earthquake damage (can be added separately)
Your broker can help you add these coverages to create a more complete protection plan.
Why combine coverage into one policy?
Managing multiple policies can be confusing and expensive. A BOP simplifies things by combining essential protections into one streamlined plan—usually at a lower premium than buying each policy separately.
Plus, you’ll have a single renewal date, a unified carrier, and peace of mind knowing your coverage is coordinated.
Who should get a BOP?
A Business Owner’s Policy is a great fit if your business:
• Has a physical location, even if it’s a home office or leased space
• Owns equipment, tools, or inventory
• Works directly with customers, clients, or vendors
Industries that often benefit from a BOP include:
• Retail and e-commerce
• Restaurants and cafes
• Professional services (consultants, designers, accountants)
• Trades and contractors
• Wellness and personal care studios