Business Owners Policy Insurance

Business Owner's Policy (BOP) combines two critical business insurance coverages: business property and business liability. With one convenient policy, you're protected against fire, theft, lawsuits, and more.

In addition, you can purchase optional coverages allowing you to tailor a policy that meets the unique needs of your business.

Larger companies might purchase a commercial package policy to meet the special risks they face.

BOPs include:

1. Property insurance protects the property your business owns or leases including buildings, equipment, inventory, furniture and fixtures.
2. Business interruption insurance covers the loss of income resulting from a fire or other catastrophe that disrupts the operation of the business. It can also include the extra expense of operating out of a temporary location.
3. Business Liability Coverage insurance provides business liability insurance that covers your business in the event your business is responsible for causing harm to a person and/or damage to property. It also helps cover the cost of your defense.

BOPs do NOT cover professional liability, auto insurance, worker’s compensation or health and disability insurance. You’ll need separate insurance policies to cover professional services, vehicles, and your employees.