Business Owner’s Policy
Save money with an insurance bundle that covers common lawsuits and property damage.
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Business owner’s policy requirements

Insureon’s licensed agents typically recommend a business owner’s policy for its coverage and affordability. Learn which businesses are eligible, how to take advantage of a BOP's flexibility, and when a business needs one.

What are the eligibility requirements for a BOP?

Businesses in low-risk industries with a small footprint often qualify for a business owner’s policy, which combines general liability insurance with property insurance at a discount. The typical business that is eligible for a BOP:

  • Has fewer than 100 employees
  • Has a small office, workplace, or other premises
  • Makes less than $1 million in annual revenue
  • Operates in a low-risk industry
  • Needs less than 12 months of business interruption insurance

Business interruption insurance protects against forced closure

Part of the property insurance portion of your BOP, business interruption insurance protects against unexpected closure caused by a covered event. For example, if a storm damages a bakery storefront and the repairs take a month, business interruption insurance reimburses the bakery for its lost income.

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What do you need in a business owner’s policy?

A BOP protects against common lawsuits, such as damage to customer property or a client slipping in your office. It also protects your own business property. Your policy limits and endorsements determine the extent of your coverage.

Your policy limits should match your needs

A BOP has a cap on policy limits, which is why it is appropriate only for smaller businesses. The limit is the maximum amount that your insurer will pay on a claim or during the policy period.

Your general liability insurance should be able to cover the cost of a potential lawsuit. Your property insurance should have limits that match the value of your business personal property so you can get reimbursed appropriately after a fire or other loss.

Add endorsements for more complete coverage

To customize your BOP so that it meets your specific needs, you can add endorsements. Contact a licensed Insureon agent who specializes in your industry to discuss endorsements that match your business.


A contractor who transports tools and equipment to different job sites might need inland marine insurance to protect property in transit.

A restaurant owner might include a liquor liability endorsement to protect against the actions of intoxicated customers.

A tax preparer who stores sensitive client information on his computer might add cyber liability insurance to protect against a data breach or cyberattack.

When does a business need a BOP?

A client contract or commercial lease may require a business to obtain the general liability insurance included in a business owner’s policy. Though property insurance isn’t required, it's highly recommended for a business that owns a building or valuable equipment.

General liability insurance may be needed for a lease or contract

A client might require general liability insurance in the terms of a contract, or a landlord might include it as a requirement in a commercial lease.

The general liability insurance portion of a BOP covers:

  • Slip-and-fall accidents
  • Product liability
  • Third-party property damage
  • Advertising injuries, such as copyright infringement

This coverage proves you can run your business and pay your bills – even in the midst of a lawsuit.

Property insurance protects your building and equipment

Property insurance isn't required by law unless you have a loan secured on a piece of commercial real estate. Still, it's an important coverage, even for businesses that run out of the owner's home. Property insurance covers the tools, computers, and buildings owned by a business. This policy is vital for protecting against fires and thefts, preventing one accident from destroying your investment.

Compare multiple quotes with one free application

You can compare quotes for a business owner’s policy by filling out Insureon’s free online application. After you complete the application, a licensed Insureon agent will get back to you quickly with quotes for policies that fit your business.

Updated: June 30, 2022
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