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Best business owner’s policy (BOP) for small businesses
A business owner's policy bundles general liability coverage with commercial property insurance at a discount, but not all packages are the same. Find the best insurance provider for a BOP that matches your business's risks, size, and budget.
What are some of the best companies selling business owner's policies in 2026?
Not every business owner's policy offers the same coverage, and they can differ in terms of which businesses are eligible. That's why there's no one insurance company that we recommend when buying a BOP.
Insureon is the #1 digital agency for small business insurance, partnering with 40+ U.S. insurance providers to find the best insurance coverage for your needs. We've helped over 450,000 small businesses get protected with more than 1.8 million policies.
When you compare quotes with our free application, we do the work for you by retrieving quotes from the companies that best match your business needs. The most important factors are:
- Best-rated BOP insurance companies, in terms of financial strength
- Best providers for your industry
- Best providers for your business's location
Some providers offer business owner's policies only for certain professions, and others operate in specific regions of the country. All of our insurance partners are rated excellent or superior by AM Best, a global credit rating agency specializing in the insurance industry.
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Best-rated BOP insurance companies
When buying a business owner's policy with Insureon, you'll get quotes from some of the biggest names in the industry. We do the research for you, providing customized quotes only from those carriers who match your risks.
Keep in mind, the cheapest policy isn't always the best choice, as coverage options differ by more than price alone.
Based on financial strength and overall rating, our top carriers for BOPs include:
The Hartford
Acuity
- AM Best rating: A+
- Customer rating: 96% claims satisfaction
- Coverage area: 30+ states, based in the Midwest
Chubb
- AM Best rating: A++
- Customer rating: 98% satisfaction rate
- Coverage area: Nationwide
Travelers
- AM Best rating: A++
- Customer rating: 98% satisfaction rate
- Coverage area: Nationwide
The Hanover
- AM Best rating: A (Excellent)
- Customer rating: 92% satisfaction rate
- Coverage area: Not available in all states
Liberty Mutual
- AM Best rating: A (Excellent)
- Customer rating: 90% highly satisfied with claims process
- Coverage area: Nationwide
How much does a BOP cost?
The average cost of a business owner's policy is $83 per month for Insureon's small business customers.
Several factors affect business insurance premiums, including:
- Business property and equipment
- Type of business
- Business operations
- Location
- Number of employees
- Deductibles and coverage limits
- Coverage options and exclusions
- Claims history
Verified BOP coverage reviews
Hear from business owners like you who purchased a BOP.
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View video transcript.
[video: an animated header displays the Insureon logo. Underneath it, a subheading displays the text: "What is a business owner's policy (BOP)?"]
MALE VOICEOVER: One of the most common commercial insurance policies, a business owner's policy or BOP is not only customizable to your unique business needs, it can often be more affordable than buying each coverage separately.
[video: an illustrated header displays the text: "A BOP is:"]
[video: Under above header, three bullet points display the text: "Affordable"; "Customizable"; "Great for small businesses"]
A BOP typically bundles general liability and commercial property insurance together, but you can also add endorsements to meet your business's coverage needs. Let's take a look at why a BOP is a smart choice for small business owners.
[video: an illustrated header displays the text: "A business owner's policy bundles:"]
[video: Under above header, two bullet points display the text: "General liability insurance" and "Commercial property insurance"]
General liability insurance protects your business from third-party lawsuits over bodily injuries and property damage. Should a customer slip and fall in your store and sustain an injury, you are covered.
[video: an illustrated header displays the text: "General liability protects against:"]
[video: Under above header, three bullet points display the text: "Customer or client injuries"; "Third-party property damage"; "Advertising & personal injuries"]
Commercial property insurance compensates your business if your assets are lost or damaged by incidents, such as fire and theft.
[video: an illustrated header displays the text: "Commercial property covers:"]
[video: Under above header, three bullet points display the text: "Business-owned property"; "Supplies & equipment"; "Inventory"]
These two policies are often required by landlords when signing a commercial lease and are usually the first types of insurance that small business owners will purchase. By getting both policies in a BOP, you get the coverage you need at a lower cost than buying each of them separately.
A business owner's policy can also be tailored to meet your specific insurance needs, from business interruption insurance to data breach coverage to liquor liability insurance.
[video: an illustrated header displays the text: "A BOP can include endorsements for:"]
[video: Under above header, four bullet points display the text: "Business interruption"; "Contractor's tools & equipment"; "Data breaches"; "And more..."]
To qualify for BOP savings, businesses typically must operate in a low-risk industry, have fewer than 100 employees, make less than $1 million in annual revenue, and maintain a small commercial space.
[video: an illustrated header displays the text: "To qualify for a BOP, you must have:"]
[video: Under above header, four bullet points display the text: "A lower-risk industry"; "Less than $1M in annual revenue"; "A small commercial space"; "Fewer than 100 employees"]
While it's not often required by law, a business owner's policy is a wise choice for small businesses that work with the public and own valuable business property.
Get free business owner's policy quotes with Insureon today.
[video: an illustrated white header displays the text: "Insureon is your #1 agency for small business insurance"]
Click the link to get started.
[video: an animated header displays the Insureon logo]
Best business owner's policy providers by industry
Your profession is one of the most important factors when choosing a business owner's policy. An insurance provider who specializes in your industry knows the relevant risks and can help you find the right endorsements.
For instance, your BOP should include business interruption insurance, also called business income insurance, if you depend on a physical location to earn profits. This policy covers lost income and day-to-day expenses when damage from a storm, fire, or other covered loss forces your business to close.
Here are the recommended providers of a business owner's policy for our top industries:
Food and beverage
Owners of small food and beverage businesses often rely on The Hartford, AmTrust, and Chubb for a business owner's policy and other business insurance policies.
Depending on the specifics of your profession, you may need additional liability coverage, such as liquor liability insurance if you offer beer or other alcoholic beverages. You can often add this and data breach insurance to your BOP, in case your customer information is exposed.
You should also make sure your BOP includes business interruption insurance, as a restaurant or bar could face a tremendous loss of income if you're forced to close.
Healthcare
Healthcare professionals and healthcare facilities can choose from a wide range of carriers when buying a business owner's policy, including The Hartford, The Hanover, Chubb, Travelers, and CNA.
Carriers who specialize in healthcare offer insurance products for your specific needs, which you can add to a BOP. For example, The Hartford offers coverage for:
- Biomedical hazardous waste
- Accidental damage to a patient or visitor’s personal property
- Research animals
- Equipment breakdown of MRIs, CAT scans, and other diagnostic equipment
- Perishable goods spoilage
Construction
Construction companies and contractors can depend on several companies for a business owner's policy, including Acuity, The Hartford, Chubb, and Liberty Mutual.
Working at different jobsites and transporting equipment and tools increases your risks, especially since a standard property policy only covers items at your business location. That's why it's important to choose a carrier with expertise in your profession.
These carriers offer specialized types of business insurance you can add to your BOP, including:
- Contractor's tools and equipment insurance covers newer hand tools and business equipment valued at under $10,000.
- Builder's risk insurance covers structures in progress and on-site construction materials.
- Inland marine insurance provides property coverage for expensive equipment that could be damaged in transit or at a worksite.
- Contractors pollution liability insurance (CPL) pays for accidental pollution caused by your construction company.
You might also need an additional insured endorsement for your policy. This extends protection beyond the policyholder to include subcontractors and others who work with you on a project.
Retail
Retailers often look to The Hartford, Chubb, The Hanover, and Liberty Mutual for a BOP. These carriers can help you find the right protection against customer lawsuits, stolen or damaged inventory, and other top risks in retail.
Common endorsements include:
- Business personal property (BPP) insurance to protect your inventory in the event of a burglary or fire.
- Inland marine insurance for vending machine operators and others with business property stored off-site.
- Commercial crime insurance to protect against employee theft of expensive or high-risk inventory, such as jewelry, clothing, or liquor.
Auto services
Acuity, Travelers, Liberty Mutual, and The Hanover are popular options for a business owner's policy for automotive professionals.
These companies offer specialized coverages that mechanics, car detailers, and other automotive businesses can add to their BOP. That includes:
- Garage keepers insurance, which covers costs if a customer's car is damaged or stolen while in your care.
- Garage liability insurance, which extends general liability's protection against customer accidents to the increased risk of operating a garage.
Top industries we insure
Best business owner's policy providers by state
Many insurance carriers are national, but some are regional, which is why your state matters when shopping for a business owner's policy. State requirements can also affect the amount and type of coverage you need.
Here are the most popular small business insurance companies for BOPs in our top five states, based on the number of policies sold:
| State | Top 3 BOP insurance companies |
|---|---|
The Hartford Acuity Chubb | |
The Hartford The Hanover Travelers | |
The Hartford Chubb Nationwide | |
The Hartford Chubb The Hanover | |
The Hartford Chubb Liberty Mutual |
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What are the risks of not having liability or property insurance?
Without business insurance coverage, out-of-pocket expenses from a single accident or destructive incident could sink your business. A BOP policy pays for financial losses from the most common sources.
That includes liability claims, such as:
- Accidents that cause a customer's bodily injury
- Accidental damage to a customer's property
- Accusations of slander and libel
- Advertising injuries, such as copyright infringement
It also covers property claims, including:
- Theft of computers, inventory, and other business property
- Vandalism of a shop, office, or other building
- Fires, natural disasters, and burst pipes
General liability insurance covers accidents that injure a customer or damage their property. It's often required to sign a contract, get licensed, or rent a commercial space such as a storefront or office.
However, a general liability policy on its own won't cover your business property. That's why you need commercial property insurance, which covers theft, fires, storms, and burst pipes. Both types of coverage are included in a business owner's policy at a lower cost than buying them separately.
Workers’ compensation insurance
Workers’ compensation insurance covers medical costs and lost wages for work-related injuries and illnesses. This policy is required in almost every state for businesses that have employees.
Professional liability insurance
Professional liability insurance, also called errors and omissions insurance, protects small businesses against the costs of client lawsuits over unsatisfactory work.
Commercial auto insurance
Commercial auto insurance covers legal bills, medical expenses, and property damage if a business vehicle is involved in an accident.
Cyber insurance
Cyber liability insurance, also called cybersecurity insurance, protects small businesses from the high costs of a data breach or malicious software attack. It covers expenses such as customer notification, credit monitoring, legal fees, and fines.
Commercial umbrella insurance
Once a policy’s limit is reached, commercial umbrella insurance provides additional coverage for liability claims made on general liability, commercial auto, or employer’s liability insurance.
How do I find the right business owner's policy?
Insureon helps you find the best small business insurance for your needs in one place, with policies from the nation's leading carriers.
Fill out our easy online application to get business insurance quotes customized for your unique risks. Our expert insurance agents can answer any questions you might have. They'll make sure your business owner's policy is the right match for your profession, your budget, and your location.
Most small business owners can get insured within 24 hours of applying for quotes. Policyholders can download a certificate of insurance (COI) at any time for proof of coverage.
You may also like
How to apply for a BOP and get proof of coverage
Applying for a business owner's policy is similar to applying for general liability insurance and commercial property insurance separately. A BOP bundles these policies at a discount, but not all businesses are eligible.
Updated: March 3, 2026
The figures on this page are the median cost of policies purchased by 40,000 of Insureon's customers. The median offers a better estimate of what your business is likely to pay because it excludes high and low outliers. Most of our customers have five years or less in business, fewer than five employees, and annual revenue ranging from around $50,000 to more than $200,000.
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