Business owner's policy

What is business owner's policy insurance?

Business owner's policy insurance, also known as BOP insurance, is a packaged insurance coverage which includes general liability, commercial property and business interruption insurance. It is the most common bundled policy to have in place to provide overall protection for any sized business, across all industries. Generally, the BOP policy will cost less due to its bundled nature when compared to separate purchases of general liability and commercial property policies.

What does business owner's policy cover?

General Liability

Protects against everyday workplace risks such as bodily injury, lawsuits and other third-party risks that arise when dealing with customers. You can see additional information on what general liability covers by clicking <a href='/general-liablity' class='text-green-600 hover:underline cursor-pointer font-medium'>here</a>.

Commercial Property

If your property, inventory or equipment is damaged or stolen, a BOP policy can cover costs of repairs or replacement.

Business Interruption

In the event of a covered loss event, if your business cannot generate income, a BOP policy can pay for lost income and the costs associated with temporary relocation of your business.

Who needs business owner's policy insurance?

Every small business, regardless of size or industry, needs protection from common business risks in the event of a lawsuit, third-party injury or property damage. If your business has valuable property and equipment, you should consider a business owner’s policy. A business owner’s policy provides the same coverage as a general liability policy with the added protection of covering costs associated with damages to your property, equipment, and inventory.

See if you're covered

Freelancer

Freelancing is all about keeping things simple and focusing on what you do best.

E-Commerce Merchant

Selling online is hard enough without having to think about what else can go wrong.

Small Business Owner

Managing your own business means you have enough on your plate.