A businessowners 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:
Additional BOP coverage options include:
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.
Whether you own an auto repair shop, a retail store, an accounting office, or many other types of small business, a businessowners policy can be tailored to your needs. A BOP may make sense if your business: