3-in-1 Bundled Coverage
A Business Owner’s Policy (BOP) conveniently combines General Liability, Commercial Property, and Business Interruption coverage into one package designed for small to mid-sized businesses.
Potential Savings Compared to Separate Policies
A BOP may provide cost efficiencies compared to purchasing individual liability and property policies, offering broad protection in a single, streamlined package. Actual savings vary by carrier and coverage selections.
Simplified Management
Enjoy the convenience of one policy, one renewal, and one payment helping business owners manage coverage more efficiently with support from licensed insurance professionals.
Managing Multiple Policies
- Higher costs buying General Liability and Property separately
- Multiple renewal dates to track and manage
- Different insurance companies and agents
- Potential coverage gaps between policies
- More paperwork and administrative burden
- Coordinating claims across multiple insurers
With a Business Owner’s Policy
- Save 20-30% compared to separate policies
- Single renewal date and payment
- One insurance company, one relationship
- Complete coverage with no gaps
- Simplified paperwork and management
- Streamlined claims process with one carrier
What’s Included in a BOP?
Three essential coverages bundled into one convenient policy designed to help protect your business from common risks.
General Liability Insurance
✓ INCLUDED IN BOPProtects against third-party bodily injury, property damage, and personal injury claims. The foundation of business protection.
- Customer slip-and-fall accidents
- Property damage you cause to others
- Advertising injury and copyright claims
- Legal defense costs included
- Typical limits: $1M per occurrence
- Required by most leases and contracts
Commercial Property Insurance
✓ INCLUDED IN BOPCovers your building, equipment, inventory, and furniture against fire, theft, vandalism, and covered perils.
- Building and leasehold improvements
- Business equipment and computers
- Inventory and supplies
- Furniture and fixtures
- Fire, theft, vandalism protection
- Replacement cost coverage available
Business Interruption Insurance
✓ INCLUDED IN BOPCovers lost income and operating expenses when your business is forced to close temporarily due to covered property damage.
- Lost revenue during closure
- Continuing operating expenses
- Employee payroll costs
- Rent or mortgage payments
- Temporary relocation expenses
- Helps keep business afloat during recovery
Equipment Breakdown Coverage
✓ OFTEN INCLUDED IN BOPProtects against equipment failures from electrical issues, mechanical breakdown, or operator error not covered by standard property insurance.
- HVAC system failures
- Computer and server breakdowns
- Kitchen equipment malfunctions
- Manufacturing machinery repairs
- Electrical system damage
- Lost income from equipment failure
Why Choose a Business Owner’s Policy?
Cost Savings
BOPs typically cost 20-30% less than purchasing General Liability and Commercial Property separately. More coverage for less money.
Complete Protection
Covers your most common risks in one policy: lawsuits, property damage, lost income, and equipment breakdowns. No coverage gaps.
Simplified Management
One policy means one renewal date, one payment, one insurance company. Less paperwork and administrative hassle.
Fast Claims Process
When multiple coverages are needed, having one carrier handles everything faster than coordinating between multiple insurers.
Business Continuity
Business Interruption coverage ensures you can pay bills and employees even when forced to close temporarily due to covered damage.
Easy to Customize
Add cyber liability, professional liability, commercial auto, or umbrella coverage to your BOP as your business grows.
Perfect for Small Businesses
Specifically designed for businesses with less than 100 employees and under $10M in revenue. Ideal for offices, retail, and services.
Quick & Easy Application
Streamlined underwriting process gets you coverage fast. Most BOPs can be issued within 24-48 hours of application.
BOP vs Separate Policies
Business Owner’s Policy FAQs
Common questions about BOP coverage
Who is eligible for a Business Owner’s Policy?
+BOPs are designed for small to mid-sized businesses with less than 100 employees and under $10 million in annual revenue. Eligible businesses include offices, retail stores, restaurants, salons, small manufacturers, and service providers.
Ineligible businesses typically include banks, auto dealers, bars (in some cases), and businesses with high liability risks. Your agent can confirm eligibility based on your specific business type and operations.
How much does a BOP cost?
+BOP costs typically range from $1,000 to $3,000 annually for most small businesses, depending on industry, location, revenue, and coverage limits. This is significantly less expensive than buying General Liability and Commercial Property separately.
Factors affecting cost include: business type, location, building value, annual revenue, number of employees, claims history, and chosen coverage limits. Low-risk office businesses pay less than higher-risk operations.
What’s NOT covered by a BOP?
+BOPs don’t cover: employee injuries (need Workers’ Compensation), auto accidents (need Commercial Auto), professional errors (need Professional Liability/E&O), cyber attacks (need Cyber Liability), flood or earthquake damage (need separate policies).
You can typically add these coverages as endorsements or purchase separate policies to complement your BOP for complete protection.
Can I customize my BOP coverage?
+Yes! While BOPs have standard coverages, you can customize limits and add endorsements for specific needs. Common add-ons include: professional liability, cyber liability, employment practices liability, hired/non-owned auto, employee dishonesty, and accounts receivable coverage.
You can also adjust property limits, liability limits, deductibles, and add special coverage for valuable equipment, signs, or outdoor property to match your business needs.
What’s the difference between a BOP and General Liability?
+General Liability is a single policy covering only third-party lawsuits (bodily injury and property damage). A BOP includes General Liability PLUS Commercial Property and Business Interruption coverage in one bundled package.
If you rent office space with minimal property, you might only need GL. If you own equipment, inventory, or a building, a BOP provides better value by bundling multiple coverages at a lower total cost.
Does my landlord require a BOP?
+Most commercial leases require General Liability insurance, which is included in a BOP. Landlords typically require $1-2 million in liability coverage and may require you to name them as an “additional insured” on your policy.
A BOP satisfies lease requirements while also protecting your business property and income. Review your lease to confirm specific insurance requirements and coverage amounts needed.
How quickly can I get a BOP?
+Most BOPs can be issued within 24-48 hours of completing the application and payment. The application process is streamlined for small businesses you’ll need basic info about your business, location, revenue, and property values.
Once approved, you’ll receive a Certificate of Insurance immediately that you can provide to landlords, clients, or vendors as proof of coverage.
Should I get a BOP or buy separate policies?
+Choose a BOP if you’re a small business (under 100 employees) with property to protect. You’ll save 20-30% versus separate policies, get Complete coverage, and simplify management with one policy.
Buy separate policies if you’re a large business, need highly customized coverage, operate in an industry ineligible for BOPs, or only need liability coverage without property insurance. Consult with an agent to determine the best option.