Business Owners Policy (BOP)

A Business Owners Policy (BOP) is a policy that combines liability and property coverages into one policy. With a BOP you can bundle other coverages (such as commercial auto, workers comp, umbrella, etc.) into one Business Owners Policy.

What Does It Do?  It protects small to mid-sized businesses from losses related to liability and property damage claims, and may be endorsed to also include coverage for:

• Advertising Injury
• Business Interruption
• Customer Injury
• Product Liability

When Is It Needed?  A BOP is needed when a business owns or rents property and has potential liability exposures from customers, clients or third-parties. A BOP is great for a business that would like to combine multiple types of insurance coverages into one bundled policy. Bundling insurance coverages can be more cost effective than purchasing separate policies.

Businesses who need a BOP are usually small to mid-sized workplaces with less than 100 employees. To qualify it will depend on the industry you work in, your location, size of business and income.