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 BOP bundles these two 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


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Business owner’s policy costs

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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 BOP 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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