Business Owner's Policy (BOP)

What is a Business Owner's Policy (BOP)?

A Business Owner's Policy (BOP) is a bundled insurance package that combines General Liability Insurance, Commercial Property Insurance, and Business Interruption Insurance into a single policy. This package is designed for small to medium-sized businesses, offering broad coverage at a lower cost than purchasing each policy separately.

What Does a Business Owner's Policy (BOP) Cover?

A BOP typically includes the following coverages:

• General Liability: Covers third-party claims for bodily injury, property damage, and personal injury that occur on your business premises or as a result of your business operations.
• Commercial Property: Protects your business's physical assets, including buildings, equipment, and inventory, from risks like fire, theft, and natural disasters.
• Business Interruption: Provides coverage for lost income and operating expenses if your business is temporarily unable to operate due to a covered loss.

Who Needs a Business Owner's Policy (BOP)?

Small to medium-sized businesses, particularly those with physical locations, inventory, or customer traffic, should consider a BOP. This policy is ideal for retail stores, restaurants, professional offices, and other businesses that need comprehensive coverage in a cost-effective package.