What Does a Business Owners Policy Cover?

A BOP may combine several types of business insurance coverage, including:

General Liability

Coverage may help protect your business against certain third-party claims involving bodily injury, property damage, personal and advertising injury, and other covered liabilities.

Commercial Property

Coverage may help protect eligible business property, equipment, inventory, furniture, and other covered property against certain covered losses.

Business Income

Depending on the policy, coverage may be available for certain loss of business income and extra expenses following a covered property loss.

Who May Be Eligible for a BOP?

BOPs are generally designed for eligible small businesses with qualifying operations and property exposures.

They may be available for businesses such as:

• Professional service businesses
• Retail businesses
• Offices
• Fitness and wellness businesses
• Contractors
• Restaurants and food businesses
• Other eligible small businesses

Not every business qualifies for a BOP. Eligibility and available coverage depend on factors such as business type, operations, location, property, revenue, and carrier requirements.

BOP vs. Separate Business Policies

A BOP can package certain business coverages together rather than requiring separate policies for each coverage.

However, a BOP may not provide every type of insurance a business needs. Depending on your operations, you may also need coverage such as workers’ compensation, professional liability, commercial auto, or other specialized insurance.