Business owner's policy

Find out how commercial insurance policies differ and which ones will benefit your business.

Liability insurance and property insurance provide different forms of protection, and both types of coverage are necessary to protect a small business.

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.

Both general liability insurance and a business owner's policy provide basic protection for your small business, so which one is right for you? Find out which policy fits best by taking a closer look at their benefits and differences.

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.

Employee dishonesty coverage insures business owners or their clients against employee theft.