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Business Owner Policy (BOP)

A Business Owners Policy, or BOP, protects your small business from a variety of risks, usually through a combination of general liability, property, and workers' compensation insurance.

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.

What's In a BOP?

A simple 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. *Eligible contractors can get General Liability as a standalone coverage.
  • • Property - Provides replacement cost coverage for buildings and most business owners' personal property.
  • • Workers' compensation - Protects you and your employees from financial hardships caused by accidents or illnesses related to the job.

But you might be exposed to other risks. Additional BOP coverages might include:

  • • Professional Liability
  • • Employment Practices Liability
  • • Identity Theft
  • • 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
  • • And more!

Situations vary. You might have simple needs when you start out, but you might realize you need to fill in a few gaps as your situation changes. We'll help you decide what you need, when you need it.