Business Owner's Package (BOP) Insurance

What Does a BOP Cover

A business owner’s policy (BOP) combines several types of coverage into one package that protects your small business against a variety of claims.  These usually include commercial general liability insurance in addition to a combination of property, and income-based coverages.

The general liability portion of a BOP safeguards your business in the event someone makes a claim against you or your business. General liability insurance provides protection from liability lawsuits resulting from things like a customer slipping on a wet floor, a defective product causing damage to a client’s property, or claims that the products or services you provided caused injury.

The property portion of a BOP helps protect business property you own, lease, or rent, including your buildings, equipment, furniture, and inventory. It helps cover repair or replacement costs of stolen, damaged, or destroyed property, including property that isn’t yours but was in your care.

It can also cover loss of income and cover expenses like your rent, employee payroll, and other financial responsibilities while your property is being repaired or replaced after a fire or other covered loss.

Special coverages can even include things like Hired and Non-Owned Auto, Cyber Crime, Contractor’s Equipment and Crime related losses.