Business Owners Policy (BOP)
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Business Owners Policy (BOP) Guide
Bundled coverage combining property and liability for small businesses
Not sure what coverage you need? Take our free 2-minute quiz to get personalized insurance recommendations.
What is Business Owners Policy (BOP)?
Business Owners Policy (BOP) provides essential protection for you and your family. Understanding how it works helps you make better coverage decisions.
Key Features
- Coverage details and benefits
- What’s typically included
- Common exclusions to be aware of
- Cost factors that affect premiums
Who Needs Business Owners Policy (BOP)?
Learn whether this type of coverage is right for your situation and how to determine the appropriate coverage amount.
How to Choose a Policy
Tips for comparing policies, understanding terms, and finding the best value for your needs.
Frequently Asked Questions
Common questions about business owners policy (bop) answered.
Related Checklists
- Starting a Business Checklist - Essential coverage when launching
- Going Freelance Checklist - When to upgrade to business coverage
Related Insurance Types
- General Liability Insurance - Standalone liability coverage
- Professional Liability Insurance - E&O coverage for services
- Cyber Liability Insurance - Data breach protection
Related Guides
- Insurance for Small Business Owners - Complete small business coverage guide
- Small Business Insurance Types - Coverage options explained
Frequently Asked Questions
What's included in a Business Owner's Policy (BOP)?
A BOP typically bundles general liability insurance, commercial property insurance, and business interruption coverage. Many BOPs also include basic coverage for equipment breakdown, electronic data loss, and employee dishonesty. It’s designed for small to medium businesses and costs less than buying coverages separately.
Who qualifies for a Business Owner's Policy?
BOPs are designed for small businesses meeting certain criteria: typically under $5 million in revenue, fewer than 100 employees, and operating in lower-risk industries. Retail stores, offices, restaurants, contractors, and professional services commonly qualify. High-risk businesses may need standalone policies.
What's not covered by a BOP?
BOPs exclude professional liability/E&O, workers’ compensation, commercial auto, employment practices liability, and health/disability insurance for employees. They also exclude specialized risks like flood, earthquake, and cybercrime (though cyber coverage can sometimes be added). Higher-risk activities may be excluded.
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Business by State
Business requirements and costs vary significantly by state. Select your state for specific regulations, average premiums, and local resources.