Introduction to Business Owners Policy Insurance

What is a Business Owner Policy?

A business owner policy or BOP is an insurance policy that combines many property and liability risks into one. A BOP includes the basic types of coverage that a business would need. You can think of it as an all-in-one insurance policy for a small to medium sized business. Most BOPs cover general liability, property insurance, and business interruptions insurance.

Who needs a Business Owner Policy?

You should consider investing in a BOP if your business has a physical location, there is a possibility of your company being sued or the company has assets that can be stolen or damaged.

If your business has a physical location, no matter if it is an office, home or other work-place, a BOP can insure against situations that could stop business such as a natural disaster.

A Business Owner Policy can also protect a business’ valuable assets in the event that they are stolen or damaged. These assets are not limited to physical assets; digital assets and data can be included as well.

What is covered under a Business Owner Policy?

  • Property insurance, which covers buildings and their contents.
  • Business interruption insurance, which covers loss of income due to a fire or other catastrophe that disrupts business, usually for up to 1 year.
  • Liability protection, which covers the company in the case of bodily injury or property damage.
  • Additional coverage can also be purchased for crime insurance, vehicle coverage and flood insurance if the business is at greater risk and needs specific coverage.

Click here for more information on the difference between general liability insurance and business owner policy.


For a free BOP quote click here.

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