Business owners policy
One policy for the place
and the work inside it
A BOP brings property and liability together for eligible businesses. The value is not the bundle itself. It is making sure the bundle understands how your company earns its living.
What it combines
The core of a business owners policy
A BOP can protect the business property, the liability created by operations, and the income that depends on both. The endorsements around that core are what make it fit one company instead of an industry label.
- 01
Business property
Can cover the building, tenant improvements, furniture, inventory, equipment, and other insured property at scheduled locations.
- 02
General liability
Helps with covered claims alleging bodily injury, property damage, and certain personal or advertising injuries arising from the business.
- 03
Business income
Can replace covered income and continuing expenses when insured damage interrupts operations during the restoration period.
- 04
Extra expense
Can help pay reasonable added costs that keep the business operating or shorten a covered interruption.
- 05
Equipment breakdown
Optional or included protection may cover qualifying mechanical, electrical, or pressure-system breakdowns beyond ordinary property causes of loss.
- 06
Business-specific additions
Data compromise, hired and non-owned auto, professional services, spoilage, or other endorsements may be available based on the operation.
Where policies differ
A package still needs to fit
Two BOPs can share the same headline coverages while treating property valuation, interruptions, off-site equipment, professional work, and business-specific exposures differently.
Six details that determine whether the package follows the operation.
- 01
Who qualifies
A BOP is designed for eligible small and midsize operations. Revenue, payroll, building size, industry, and loss history influence eligibility.
- 02
Property valuation
Replacement cost and actual cash value can produce different payments for damaged equipment, inventory, finishes, and the building itself.
- 03
Business-income period
The limit and restoration period determine how long the policy can support income and continuing expenses after covered damage.
- 04
Off-premises property
Tools, equipment, inventory, and property in transit may need inland marine or other coverage beyond the primary location.
- 05
Professional work
General liability does not automatically cover errors in advice, design, or professional services. Some businesses need a separate policy.
- 06
Vehicles and employees
A BOP does not replace commercial auto or workers compensation. Those policies should be coordinated with the package.
Common BOP questions
What is a business owners policy?
A business owners policy, commonly called a BOP, combines commercial property and general liability coverage for eligible businesses. It often includes business income and extra expense as well. The package is designed for qualifying operations, with endorsements added for the company’s actual work and property.
Which businesses qualify for a BOP?
Eligibility depends on the insurer, industry, revenue, payroll, location, building size, property values, and loss history. Many offices, retailers, service businesses, and smaller contractors qualify, while more complex operations may need a commercial package policy. We check the operation rather than assuming from the business name.
Does a BOP include workers compensation or commercial auto?
A standard BOP does not include workers compensation or full commercial auto insurance. Those are written separately and coordinated with the property and liability package. Hired and non-owned auto coverage may be added for certain exposures, but it does not replace insurance for company-owned vehicles.
Does a BOP cover lost income after a fire or storm?
Business income coverage can replace covered income and continuing expenses when insured property damage interrupts operations. Extra expense can help the business continue elsewhere or reopen sooner. The cause of loss, waiting period, limit, restoration period, and policy terms determine how the coverage responds.
Build the package around the business.
We will look at the property, operations, revenue, employees, and contracts, then compare the BOP options that actually fit.