Business Owner’s Policy
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What is a business owner’s policy?

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Business owner’s policy

A business owner’s policy, or BOP, combines general liability insurance with commercial property insurance, typically at a lower rate than if the policies were purchased separately.

When do businesses need a BOP?

All small businesses that want protection from unexpected financial losses should consider a business owner’s policy. Many companies only purchase general liability insurance, which does not protect business property. A BOP bundles general liability insurance with commercial property insurance for more complete coverage.

A business owner's policy bundles these two insurance policies at a discount:

General liability insurance

General liability insurance protects against common business risks, such as customer injury or damage to client property. It’s often required when signing a commercial lease or a client contract.

Commercial property insurance

Commercial property insurance protects your building, equipment, and inventory from damage or loss.

A BOP is ideal for a small business that wants protection against common lawsuits and coverage for valuable business property, such as a building or specialized equipment. Read more about business owner’s policy coverage.

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Business owner's policy eligibility requirements

Not all businesses are eligible for a business owner’s policy. Businesses that are eligible for a BOP typically have:

  • Low industry risk
  • Fewer than 100 employees
  • Less than $1 million in annual revenue
  • A small commercial space

Business owner's policy protections

Home business
Liability protection
You want to guard against business-related bodily injury and property damage lawsuits, such as a customer tripping at your home.
Advertising injury protection
You create a social media page for your business, which opens you to accusations of libel and copyright infringement.
Business property protection
You keep inventory at your home and are concerned about theft, fire, and similar risks.
Freelancers
Liability protection
Clients may ask you to provide a certificate of insurance in case you damage equipment at their office.
Advertising injury protection
You want reassurance that someone involved with a project cannot damage your business with an accusation of libel or slander.
Business property protection
You own a valuable computer system or specialized equipment and are concerned it could be stolen or damaged.
Small business
Liability protection
Your commercial lease requires general liability insurance.
Advertising injury protection
You launch an advertising campaign and want protection against accusations of defamation or copyright infringement.
Business property protection
You invest in state-of-the-art equipment and want to make sure it's covered in case of damage or loss.

Business owner’s policy costs

Man with his arm in a sling thinking about costs.

A business owner’s policy is an affordable option for small businesses that need liability and property insurance. Several factors affect policy costs, including:

  • Industry and risk
  • Value of business property
  • Coverage limits
  • Location
  • Number of employees
View Costs

Customize a BOP to fit your business

One of the best aspects of a business owner's policy is its flexibility. You can add endorsements to your business owner’s policy that cover specific risks, for example:

Talk to an Insureon agent to discuss tailoring a BOP to match your business.

Learn more about a business owner’s policy

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