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BUSINESS OWNERS POLICY

Business Owners Policy (BOP) bundles property and liability for small businesses.

A Business Owners Policy combines commercial property and general liability into a single policy. For most small businesses with a physical location or business property, a BOP is the most cost-effective way to get the basics in place.

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WHAT'S COVERED

What a BOP includes.

Commercial property

Building coverage if you own the building, plus business personal property, inventory, equipment, and improvements you have made to a leased space. Replacement cost coverage is the default.

General liability

Pays when your business operations cause bodily injury or property damage to a third party, including incidents at your location, off-site work, and product or completed-operations claims.

Business income and extra expense

If a covered property loss interrupts your operations, this pays lost net income and continuing expenses while you rebuild, plus reasonable extra expense to keep operating during the interruption.

Common endorsements that matter

Most BOPs can add cyber liability, employment practices liability, hired and non-owned auto, equipment breakdown, and data restoration. These are often the gaps that turn into denied claims.

IMPORTANT LIMITATIONS

What a BOP does not cover.

Workers compensation

BOPs do not include workers compensation. Almost every state requires WC for businesses with employees. WC is a separate policy.

Commercial auto

Vehicles owned by the business need a commercial auto policy. A BOP can include hired and non-owned auto for occasional rentals or employee personal vehicle use, but not owned vehicles.

Professional liability

Errors and omissions claims arising from professional advice or services are excluded under general liability. Professional services need a separate professional liability policy.

High-revenue or high-risk operations

Carriers cap BOP eligibility by revenue, square footage, and class code. Larger operations and certain industries do not qualify and need separate property and liability placements instead.

OUR CARRIER PANEL

Carriers We Use for This Coverage

All carriers are A-rated by AM Best and appointed in the state. We compare them and recommend the right fit.

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CLAIMS TIPS

If You Need to File a Claim

Practical guidance for the first 24 hours, what to document, common mistakes to avoid, and when to call us.

Common questions

Can my insurance carrier deny my claim?

Yes, for specific policy reasons that must be in writing. You can challenge a denial.

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What is a recorded statement and should I give one?

An on-record interview the carrier uses for the file. Give one, but prepare first and never speculate.

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What happens after I report a claim to my insurance carrier?

Acknowledge, assign adjuster, investigate, decide. Most carriers move within 7-30 days for routine claims.

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Do I have to use the carrier's preferred contractor?

Usually no. Most policies let you choose any licensed contractor, though preferred shops have their own benefits.

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GET STARTED

Running a small business without commercial insurance?

A BOP is the most efficient starting point for most small businesses. Send us your business details and we will compare BOP carriers and tell you what fits.

Varies by industry, revenue, location, property values, and claims history. Most small businesses pay between $500 and $3,500 per year for a typical BOP.

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