BUSINESS OWNERS POLICY
BOP offers affordable, comprehensive risk protection for your small business.
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- Business Owners Policy
WHAT IS BUSINESS OWNERS POLICY?
A Business Owners Policy (BOP) combines general liability insurance with commercial property insurance. It is tailored to help small and medium-sized businesses protect against common daily risks.
WHY IS BUSINESS OWNERS POLICY IMPORTANT?
General liability insurance protects against third-party claims for bodily injury, property damage, and personal or advertising injury, but it doesn’t cover your property or lost income from business interruptions. Incidents like break-ins or accidents can lead to unexpected costs for office space, hardware, or equipment—can your small business keep running? A Business Owner’s Policy (BOP) combines both coverages, plus additional protections, in a cost-effective and convenient package, making it an excellent choice for business success. A BOP offers both types of coverage, plus additional protections, in a cost-effective and convenient package, making it a smart choice for business success.
- Business Owners Policy
WHAT DOES A BOP COVER?
- General Liability Insurance
Protects a business from third-party risks, covering investigation, defense, and settlement for claims involving non-employee bodily injury, property damage, and personal and advertising injury.
- Commercial Property Insurance
Covers a business’s property and items from accidental loss or damage. It can be split into two sub-categories: Business Building Insurance (BBI) for building damage and Business Contents Insurance (BCI) for theft or damage of property inside.
- Business Interruption Insurance
Covers income loss due to physical damage halting operations. It helps recoup lost income and pays for temporary relocation expenses during repairs.
QUESTIONS? WE HAVE ANSWERS
Explore our FAQs to learn more about Business Owners Insurance
No, a is not required by law. However, it is highly recommended for small businesses, as it provides essential coverage like general liability and property insurance in one package. Some clients, landlords, or industry regulations may require specific types of coverage.
To show proof of business owners policy, you can provide a . This document, issued by your insurance provider, verifies your coverage, including policy details like limits, effective dates, and insurer contact information.
Yes, a typically includes , which protects your store, office, or physical location from risks like fire, theft, or vandalism. It also covers equipment and inventory, helping to minimize losses from damage or theft. However, coverage may vary, so it’s important to review your specific policy details.
A is ideal for small to medium-sized businesses looking for comprehensive coverage. It’s especially useful for retailers, contractors, service providers, office-based businesses, and home-based businesses. A BOP offers property and liability protection, along with coverage for equipment, inventory, and additional risks, making it a cost-effective solution for businesses that need these types of coverage.
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