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.

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