Business Insurance
Business Owners Policy
A packaged policy combining property and liability for eligible small businesses.
Coverage overview
A Business Owners Policy (BOP) generally packages commercial property, general liability, and often business income coverage into one policy for eligible small and mid-sized businesses.
Bundling these coverages can be convenient and cost-effective, though eligibility depends on the carrier and your industry classification.
Who may need this coverage
- Eligible small and mid-sized businesses
- Businesses with property, inventory, or equipment to protect
- Companies that also need general liability coverage
- Owners who prefer a packaged, streamlined policy
Common coverage considerations
- Property limits for building and business personal property
- General liability limits included in the package
- Business income and extra expense coverage
- Optional endorsements such as data compromise or equipment breakdown
- Eligibility for your specific industry and size
What may not be covered
- Employee injuries (workers' compensation)
- Business-owned vehicles (commercial auto)
- Professional errors (professional liability)
- Risks outside the policy's eligibility or terms
Factors that may affect price or eligibility
- Your industry classification and eligibility
- Property values and coverage limits
- Liability limits and endorsements
- Location, claims history, and protective features
Information commonly needed for a quote
- A description of your business and industry
- Property, equipment, and inventory values
- Annual revenue
- Any existing coverage and claims history
A practical example
A storm damages a bakery's building and spoils inventory, forcing a temporary closure. A BOP may help repair covered property, replace covered inventory, and — through business income coverage — help offset lost income during the closure, each subject to limits and terms.
Questions to ask a licensed professional
- Is my business eligible for a BOP?
- Are my property limits enough to rebuild and restock?
- Is business income coverage included, and for how long?
- Which endorsements should I consider?
Frequently asked questions
This page is a general educational summary and does not change, replace, or create insurance coverage. Coverage terms, conditions, limits, exclusions, eligibility, and availability vary by policy, carrier, state, and underwriting requirements. Coverage is not effective unless confirmed in writing by an authorized insurance carrier or properly licensed insurance professional.
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