Business Owner Policy

Who needs a business owners policy?

All small businesses such as retail stores, restaurants, and independent contractors typically need a BOP to safeguard against unexpected financial losses beyond general liability claims. BOP protects your small business.

What’s in a business owners policy (BOP)?

A simple definition of BOP might contain only a few coverages, such as:

  • General Liability – Provides protection if you cause bodily injury, property damage, personal injury or advertising injury.
  • Property – Provides replacement cost coverage for buildings and most business owners’ personal property.
  • Professional Liability – Do you give professional advice or provide a professional service? If so, you should probably carry professional liability insurance. This can be endorsed to your BOP.
Should I get additional business owner policy coverage? 

To mitigate your risks of being exposed, you may be interested in learning more about additional coverage. Additional BOP coverages might include:

  • Identity theft
  • Employment Practices Liability
  • Electronic Data and Equipment
  • Personal Property of Other
  • Valuable Papers and Records
  • Blanket Additional Insured
  • Limited Property of Others Liability
  • Short-Term Pollution from Pollutants at Job Site
  • Building & Business Personal Property
  • Business Income and Extra Expense