Business Owners Policy — Two Essential Coverages in One
A BOP bundles General Liability and Commercial Property into a single, discounted policy — the most common starting point for small and mid-sized businesses. We work with businesses across every industry to find the right BOP for their needs.
What is a Business Owners Policy?
A BOP bundles two essential coverages — Commercial General Liability and Commercial Property — into a single, discounted package designed for small and mid-sized businesses. It simplifies your insurance program and typically costs less than buying each policy separately.
General Liability (GL)
Covers third-party bodily injury, property damage, and advertising injury claims. If a customer slips in your office or you accidentally damage a client's property, GL responds.
Commercial Property
Covers your building (if owned), business personal property, equipment, inventory, and improvements to leased space — against fire, theft, vandalism, and most weather events.
Business Income / Extra Expense
If a covered loss forces you to temporarily close, business income coverage replaces lost revenue. Extra expense coverage pays the additional costs to stay operational while repairs are made.
What's Not in a BOP
A BOP does not include commercial auto, workers' compensation, professional liability (E&O), or cyber liability. These are typically added as separate policies or endorsements based on your specific needs.
Our most common commercial package product
A BOP is the starting point for the majority of small and mid-sized businesses we work with — and we have strong carrier relationships across all major BOP markets.
Is a BOP right for your business?
A BOP is typically the right fit if you operate out of a fixed location, have business property to protect, and need general liability. It's designed for lower-hazard businesses — retailers, offices, service firms, light manufacturers, and restaurants.
- Office-based businesses
- Retail stores and boutiques
- Restaurants and food service
- Healthcare and professional practices
- Light manufacturing and trades
- Technology and service companies
What a BOP Typically Covers
Coverage varies by carrier and form, but most BOP policies include these core protections — often with optional endorsements to expand coverage.
Premises Liability
Bodily injury and property damage claims arising from your business location — slip and fall, customer injuries, and damage caused during your operations.
- Slip and fall on your premises
- Customer or visitor bodily injury
- Property damage to others
- Products and completed operations
Building Coverage
The physical structure of your owned building — or your improvements and betterments to a leased space — against fire, wind, vandalism, and other covered perils.
- Owned building replacement cost
- Tenant improvements and betterments
- Outdoor signs and fixtures
- Glass breakage
Business Personal Property
Your furniture, equipment, computers, inventory, and other business contents — whether damaged by a covered peril or stolen.
- Office furniture and equipment
- Computers and technology
- Inventory and stock
- Accounts receivable records
Business Income
Lost revenue and continuing expenses (rent, payroll, loan payments) when a covered loss forces a temporary closure or slowdown.
- Lost net income
- Continuing normal expenses
- Extra expense to speed recovery
- Extended period of indemnity options
Personal & Advertising Injury
Claims of libel, slander, copyright infringement, or false advertising arising from your business communications and marketing.
- Libel and slander claims
- Copyright infringement
- False advertising allegations
- Right of privacy violations
Equipment Breakdown
Covers sudden mechanical or electrical breakdown of covered equipment — boilers, HVAC, computers — including repair costs and lost income during downtime.
- Boiler and HVAC systems
- Electrical panels and wiring
- Computer and phone systems
- Food spoilage (for restaurants)
BOP vs. Commercial Package Policy — What's the Difference?
Both bundle multiple coverages, but they serve different business needs.
Business Owners Policy (BOP)
Pre-packaged for small to mid-sized, lower-hazard businesses. Carrier determines the coverage combination — limited customization, but faster and typically less expensive.
- Designed for lower-hazard businesses
- Single policy, single premium
- Often includes business income automatically
- Typically the best value for eligible businesses
Commercial Package Policy (CPP)
Fully customizable — you choose which coverage parts to include. Better suited for larger, more complex, or higher-hazard businesses that outgrow a BOP.
- Customized coverage selection
- Higher-hazard classes eligible
- Higher property limits available
- Better for multi-location businesses
Common Questions
-
Most small to mid-sized businesses with a physical location can qualify — offices, retail stores, restaurants, service businesses, light manufacturers, and healthcare practices. Higher-hazard industries (heavy manufacturing, contractors with large fleets, businesses with significant professional liability) typically need a Commercial Package Policy instead. We'll help you determine which fits.
-
A BOP does not include commercial auto insurance, workers' compensation, professional liability (E&O), cyber liability, or flood coverage. Most businesses need at least one or two of these added separately. We'll help you identify the gaps and build a complete program.
-
Yes — most carriers offer endorsements that expand BOP coverage. Common additions include data breach / cyber, employment practices liability (EPLI), hired and non-owned auto, equipment breakdown, and professional liability for certain professions. We'll review what's available for your industry and carrier.
-
BOP premiums are based on your industry, business size, location, years in operation, claims history, and the amount of property coverage you need. Most small businesses find a BOP to be very cost-effective compared to buying GL and property separately.
-
Homeowners and renters insurance policies typically exclude business activities and property. If you run a business from home — even part-time — you likely have gaps that a BOP or home-based business policy can fill. This is especially important if clients visit your home or you have business equipment worth protecting.