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What is a Business Owners Policy (BOP)?

A Business Owners Policy (BOP) is one of the most popular insurance coverages available – built around some of the largest insurance needs of a Small Business Owner including commercial property and liability coverages. This type of commercial insurance combines property and liability coverage into one policy, making it a more cost-effective way for small businesses to protect themselves from a variety of risks.

What does a BOP cover?

The coverage included in a BOP can vary and depend on which insurance provider you use to secure the coverage. Most BOP policies would include the following:

  • Property insurance: This coverage protects your business’s property from damage or destruction caused by a variety of perils such as fire and theft.
  • Liability insurance: This coverage protects you from claims arising from bodily injury or damage to a property that is caused by your business or its employees.
  • Business interruption insurance: This coverage pays for your lost income and expenses if your business is forced to close due to a covered loss.

Why do you need a BOP?

If your business is ever damaged or if you are sued for liability, a BOP can help you cover the costs and help get you and your business back to business. A BOP policy is one of the most popular coverages for Small Business Owners for a reason and generally is coverage that should be considered through a conversation with an insurance provider.

How much does a BOP cost?

The cost of a BOP will vary depending on the size of your business, the type of property you own, and the amount of coverage you need. It is important to get quotes from several different insurers to get the best possible rate.  According to The Hartford, a recognized leader in the Small Business Insurance space, their customers on average pay $261 per month[1] for their BOP coverage with them.

How to choose a BOP

When choosing a BOP, it’s important to consider the following factors:

  • The type of business you own
  • The size of your business
  • The amount of property you own
  • The level of coverage you need
  • The cost of the policy

It’s equally important to read the policy carefully to understand the specific coverages that are included and the exclusions that apply.

Get a BOP Quote

It is important to work with an insurance expert to make sure you get the right liability insurance for your business. At, we’ve ranked the best BOP insurance providers to help you find the best coverage for your Small Business.


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