Business owner's policy
Equipment breakdown coverage is a form of insurance that provides funds to repair or replace damaged machinery or equipment that has suffered a mechanical or electrical failure.
A business owner’s policy (BOP) is defined as the combination of two important forms of insurance – commercial property and general liability – into one convenient package. Business owner’s policies usually cost less than buying the two coverages separately.
Find out how commercial insurance policies differ and which ones will benefit your business.
A BOP bundles general liability and commercial property insurance at a discount. Your level of risk, the value of your business property, and your policy limits will affect your costs.
A business owner’s policy is one of the most common commercial insurance policies. It’s highly customizable, so the specifics depend on your business. Find out how to get a policy, which businesses are eligible, and the answers to other frequently asked questions below.