Business Owners Policy (BOP)
Combining essential property and liability protection in one convenient policy for eligible businesses.
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What Is a Business Owners Policy (BOP)?
A Business Owners Policy (BOP) combines commercial general liability and commercial property insurance into one package designed for eligible small and midsize businesses. It can provide a convenient way to protect business operations, property, and income against certain covered risks.
General Liability Protection
A BOP typically includes general liability coverage for certain third-party bodily injury, property damage, and personal or advertising injury claims. It may also help cover eligible legal defense costs associated with covered claims.
Commercial Property Coverage
Helps protect covered business property, such as buildings, equipment, furniture, inventory, and supplies, against insured causes of loss. Coverage depends on the property insured, policy terms, and applicable exclusions.
Business Income & Extra Expense
May help replace lost business income and pay certain additional expenses when operations are interrupted by covered physical damage to insured property. Waiting periods and coverage limitations may apply.
Equipment Breakdown
Many insurers offer equipment breakdown coverage as an optional endorsement or included feature. It may help cover qualifying damage to certain mechanical, electrical, or electronic equipment caused by a covered breakdown.
Optional Coverage Enhancements
Depending on the insurer, businesses may be able to add protections such as cyber liability, employee dishonesty, hired and non-owned auto liability, or additional property coverage. Available endorsements and limits vary by policy.
Business Eligibility & Coverage Considerations
BOP eligibility depends on factors such as business operations, industry classification, property characteristics, revenue, and insurer underwriting guidelines. Certain higher-risk operations may require separate commercial policies instead of a standard BOP.
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