Business Owners Policy (BOP) Insurance
One simple package for the coverage most small and mid-sized businesses need. A Business Owners Policy combines general liability, commercial property, and business interruption insurance to help protect against customer injuries, property damage, and income loss after a covered event.
Connect to Carrier
Business Owners Policy (BOP) Insurance
What is Business Owners Policy Insurance?
A Business Owners Policy bundles three core coverages into one policy and one bill. Most businesses need these protections regardless of industry or size. With a BOP, you can cover common risks, keep premiums predictable, and add endorsements as your operations grow.
Connect to Carrier
What is Business Owners Policy Insurance?
What Are the Policies Included in BOP Insurance?
Each coverage in a BOP responds to a different type of loss. Together they help pay legal, medical, repair, and recovery costs after a covered incident.
GENERAL LIABILITY
Helps protect your business when a third party is injured or their property is damaged due to your operations. It can pay for medical bills, legal defense, settlements, and judgments.
COMMERCIAL PROPERTY
Covers your owned business property, including buildings, furniture, equipment, inventory, and fixtures. It helps pay to repair or replace covered property after events like fire, theft, or certain weather incidents, subject to policy terms.
BUSINESS INTERRUPTION
Replaces lost income and helps cover ongoing expenses when a covered property loss forces you to temporarily close or reduce operations. It can also include extra expense coverage to speed up reopening.
What’s not covered?
Some risks fall outside a standard BOP and require separate policies or endorsements. For example:
DAMAGE TO OR BY COMPANY VEHICLES
Vehicles are not covered by commercial property insurance. Protection for owned or hired autos requires a commercial auto policy.
DAMAGE CAUSED BY EARTHQUAKES OR FLOODS
Earthquake and flood losses are typically excluded. If you operate in a higher risk area, consider separate earthquake or flood coverage.
LAWSUITS CAUSED BY COMPANY ERRORS
Claims tied to professional mistakes, advice, or omissions are not covered by general liability. You need professional liability insurance for that exposure.
Who is Workers’ Comp Insurance for?
SMALL BUSINESS OWNERS
A BOP streamlines protection for the most common risks in a single, affordable package. It is a practical starting point for retailers, offices, restaurants, and many service businesses.
SMALL BUSINESS OWNERS
A BOP streamlines protection for the most common risks in a single, affordable package. It is a practical starting point for retailers, offices, restaurants, and many service businesses.
SOLO ENTREPRENEURS
Even without a storefront, you can face third-party injuries, property damage claims, or income loss after a covered event. A BOP helps safeguard your work and cash flow.
SOLO ENTREPRENEURS
Even without a storefront, you can face third-party injuries, property damage claims, or income loss after a covered event. A BOP helps safeguard your work and cash flow.
GROWTH-STAGE COMPANIES
As operations expand, exposures change. Start with a BOP for core coverage, then add endorsements or additional policies as you hire, add locations, or purchase more equipment.
GROWTH-STAGE COMPANIES
As operations expand, exposures change. Start with a BOP for core coverage, then add endorsements or additional policies as you hire, add locations, or purchase more equipment.
Frequently Asked Questions
To put it simply: yes. The only reason a business should ever forego workers’ comp is if it legitimately has no employees. In most states, companies with even one employee must have workers’ comp insurance. However, some states require it only when you have three to five employees. Although not legally required in Texas, obtaining it is still a prudent decision.
The amount that a workers’ compensation policy pays out to the injured party varies depending on the state you’re in and how much you were making before you were injured. In most states, workers’ comp will replace up to two-thirds of the amount you were making before you were hurt.
Yes, workers’ comp recipients can work light or modified jobs while they’re injured. In this case, it is especially important for employees to comply with their doctor’s instructions in order to avoid violating the terms of their workers’ comp policy.
GET YOUR QUOTE NOW
Answer a few quick questions and compare carriers side by side. PolicyApe makes it easy to find the right BOP for your business and connect to a provider in minutes.
Connect to Carrier