Business Owners Policy (BOP)

Combined Coverage for Special Advantages.

Owning your own business can be rewarding. However, attaching your finances to a commercial enterprise may require managing significant risks and exposures. Regardless of how experienced or diligent you may be in mitigating risk, accidents or incidents may be inevitable, meaning that appropriate loss control measures are essential. A business owners insurance policy (BOP) can make all the difference. 


What Is a BOP? 


As its name suggests, a BOP is an advisable insurance product for small- and medium-sized business owners. These arrangements typically bundle multiple types of coverage under a single policy. By purchasing and maintaining a BOP, your organization may enjoy lower total costs than it might otherwise find when purchasing each component separately. 


What Does a BOP Cover? 


ABOP’s capabilities and limitations may vary depending on your specific policy and insurance company. However, in most cases, these arrangements include the following coverages: 

• General liability insurance may help pay for third-party losses for which your organization is responsible, including bodily injuries, property damage and personal and advertising injuries (e.g., slander, libel and false advertising).

• Commercial property insurance may provide financial protection for your business’s physical assets, including structures, electronics, equipment, tools, inventory and furniture.

• Business interruption insurance may compensate your company for ongoing expenses and financial losses arising from disruptions of its normal operations, such as rent, loan payments, payroll and lost income.