Liability, property and business interruption bundled into one policy for small businesses — usually cheaper than buying the pieces separately.
A business owners policy, usually just called a BOP, packages general liability with commercial property coverage into a single policy, normally at a lower combined price than buying the two separately. Most BOPs also include business interruption coverage, which replaces lost income while you are shut down after a covered loss — often the part that actually saves a business.
The property side covers your building if you own it, plus equipment, inventory, furniture and the improvements you have made to a leased space. The liability side works the same way a standalone general liability policy does.
BOPs are designed for smaller, lower-hazard businesses. Carriers set eligibility by industry, revenue, square footage and sometimes building age or construction type. Offices, retail shops, restaurants under certain conditions, and many service businesses commonly qualify; heavier operations are usually written on a separate package policy instead.
We most often place offices, retail shops and lower-hazard service businesses on a BOP. Heavier operations — roofing, hauling and similar trades — are usually written on a package policy instead, which does the same job with more flexibility.
A BOP does not include workers compensation, commercial auto, or professional liability. Those are separate policies, and most businesses with employees or vehicles carry at least two of them alongside the BOP.
Usually yes, for businesses that qualify. Carriers bundle liability and property at a package rate because the eligible risks are relatively predictable. The savings disappear if your operation falls outside BOP eligibility and needs a custom package instead.
Often yes. You still own your equipment, inventory and the improvements you have made to the space, and your lease almost certainly requires liability coverage. The property limits are simply set around what you own rather than the building.
Most include business interruption coverage, which replaces income while you are closed after a covered loss such as a fire. The waiting period and the length of coverage vary, so it is worth checking the specifics rather than assuming.
No. Employee injuries go through workers compensation, which is a separate policy and legally required for most employers with staff.
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