Business Owner's Policy

What Is a Business Owner’s Policy?

A Business Owner’s Policy (BOP) merges two essential protections — commercial property insurance and general liability insurance — into one convenient policy.

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It’s ideal for small to medium-sized businesses that own or lease a workspace, especially when you store tools, materials, or equipment at a fixed location. With a BOP, you get broad protection covering your business premises and liability exposure under one package.

Common Business Risks a BOP Helps With

• Fire or Disaster Damage — Covers damage to buildings, inventory, or business property from fire, storms, or vandalism.
• Customer Injury & Liability — Protects against claims if someone is injured on premises or during your operations.
• Inventory & Property Loss — Helps recover losses for tools, materials, equipment, or supplies stored on-site.
• Business Interruption — Provides coverage for income loss or expenses if a covered event disrupts operations, helping your business stay afloat.
• Third-Party Claims — Protection against lawsuits or damages resulting from accidents, property damage, or customer injury connected to your business activities.

How a BOP Protects Your Business Long-Term

A BOP protects both your physical assets and your liability exposure — giving you peace of mind whether you own or rent your shop. It helps you:

• Avoid costly repair or replacement bills after fire, theft, or weather damage.
• Maintain operations after a covered loss using business interruption coverage.
• Meet contract requirements that demand proof of both property and liability coverage.
• Save money — a bundled policy is often more affordable than buying property and liability insurance separately.

With a BOP in place, you protect what you own and guard against claims that could threaten your livelihood.