Business Owners

BOP Coverage Options

A business owners policy (BOP), combines various insurance coverages – such as commercial property insurance, general liability and business income – into one convenient policy.

A basic businessowners policy typically includes three or four key coverages:

• Commercial property insurance, which protects your building, equipment and inventory.
• General liability insurance, which helps cover any medical expenses and bodily injury/property damages you and your employees are legally responsible for. 
• Business income, which helps you pay bills and employees if your business has to temporarily close. 
• Crime insurance, which helps protect your business from fraud, theft and forgery.

Additional BOP coverage options include:

• Accounts receivable, which protects against losses from unpaid invoices.
• Cyber liability, which covers attacks and damages to computer systems or electronic data.
• Equipment breakdown, which covers your equipment, including computers.
• Personal and advertising injury, which covers copyright infringement, libel and slander.
• Rented vehicles, which provides liability coverage for vehicles you lease, hire or borrow. 
• Employment Practices Liability, which covers liability of wrongful acts arising from the employment process. 

When considering a BOP, keep in mind that it often makes sense to choose coverage specific to your industry and that some coverages aren’t available in a BOP, such as business auto, workers' compensation, and employee benefits.