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Business Owners Policy
A business owners policy packages liability and property into one policy, often for less than buying them separately, but it isn't the right fit for every business. We check whether a BOP fits yours or separate policies fit better, compare both, and tell you up front. Then we review it as you add space, equipment or revenue. Not sure which fits? Call or text and get a straight answer.
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What It Covers
What Business Owners Policy Includes
Exact coverage depends on the policy and the insurance company. We walk you through yours before you buy.
- General liability
- Your building if you own it, plus equipment, furniture and inventory
- Business income and extra expense after a covered loss
- Add-ons like equipment breakdown and data breach
Good to Know
Before You Buy
A BOP bundles the essentials, but eligibility and add-ons vary by insurance company. We go through each piece with you before you sign.
- Eligibility. Insurance companies set eligibility by business type, size and revenue, so not every business qualifies.
- What's not included. A BOP doesn't include workers comp, commercial auto or professional liability. Each needs its own policy.
- Business income. Business income coverage can help pay ongoing bills and payroll while you recover from a covered loss. Check how long the policy pays.
- Flood and earthquake. Flood and earthquake are usually excluded and need separate coverage.
- Property values. Insure your building and equipment for what they would cost to replace today. Low values can shrink a claim payment.
- Liability limits. Most BOPs carry a per-claim limit and a yearly total, commonly $1 million and $2 million. Leases and contracts may ask for more.
Pair It With
Gaps a BOP Often Leaves Out
A BOP packages property and liability, but these need their own coverage. We check for each one when we quote.
Workers Comp Isn't Part of a BOP
Employee injuries need a separate workers comp policy, which most states require once you have employees.
Business Vehicles Aren't Part of a BOP
Vehicles used for your business need commercial auto.
Professional Mistakes Aren't Covered
If clients pay for your advice or expertise, you likely need professional liability too.
Cyber Is Often Small or Left Out
Some BOPs include a small cyber add-on. Many businesses need more.
Contracts Often Ask for Higher Limits
A commercial umbrella adds a layer above your liability, auto and employers liability, often for less than raising each limit.
Flood Isn't Part of a BOP
Business buildings and contents need a separate commercial flood policy.
More Business Insurance
Other Business Options
Let's Look at Your Business.
Final approval and pricing are set by the insurance company.