Business Owners Policy Insurance

BOP Insurance Coverage for Liability and Property

Business owners policy insurance (BOP insurance) combines essential coverages into one affordable package for small and mid-sized companies. With protection against both property damage and general liability risks, insurance BOP solutions help business owners safeguard their assets, clients, and operations. Whether you manage a retail shop, office, or growing service company, a tailored business owners policy insurance plan provides peace of mind and keeps your business resilient in the face of unexpected challenges. 

What Does BOP Insurance Cover?

A finger with a bandage showing physical injury covered by Business Owner's Policy Insurance.
Physical injury to others
A broken computer showing coverage with a Business Owner's Policy Insurance.
Damage to others’ property
A speech bubble with an ! mark showing advertising injury coverage with Business Owner's Policy Insurance.
Advertising injury
A broken laptop showing an ability to repair or replace damaged property with Business Owner's Policy Insurance.
Repair or replace damaged property
A building on fire showing an ability to replace or repair destroyed property with Business Owner's Policy Insurance.
Replace or repair destroyed property
A square and a dotted square connected by arrows showing the ability to repair and replace stolen property with Business Owner's Policy Insurance.
Repair or replace stolen property

BOP insurance bundles general liability and commercial property coverages into one convenient policy. A BOP 1is an affordable way for small businesses to get the coverage they need. 

  • Property insurance: Shields your business property from damage or loss due to events like fire or theft.
  • Liability insurance: Protects against claims of bodily injury.

What Is Not Covered By BOP Insurance?

BOP insurance provides essential coverage for small businesses, but it does not cover every risk. Common BOP insurance exclusions include: 

  • Professional errors: Negligence or mistakes in the services you provide are covered by professional liability insurance (E&O). 
  • Employee injuries: Injuries or illnesses to your employees are typically covered by workers compensation insurance. 
  • Commercial auto accidents: Company-owned or business-use vehicles require a separate commercial auto insurance policy. 
  • Cyber risks: Data breaches, hacking, or cyberattacks are covered under a cyber insurance policy or endorsement. 

Who Is Eligible For BOP Insurance?

Business owners policy insurance is typically designed for small businesses that meet the  following criteria:

  • Business size: Fewer than 100 employees 
  • Revenue: Less than $5 million in annual sales 
  • Industry: Lower-risk industries like retail, lawn care, or restaurants  
  • Location: Own or rent a physical workspace  
  • Business property: Have equipment, tools, or inventory to protect 

Insurance BOP Common Optional Coverages

In addition to its core protections, an insurance BOP can be customized with optional coverages, such as: 

  • Business income interruption coverage: Helps replace lost income and pay expenses if your business must temporarily close due to a covered event. 
  • Data breach coverage2: Covers costs tied to a cyber incident, including customer notification, credit monitoring, and investigation expenses. 
  • Hired and non owned auto insurance:  Protects your business if employees use personal or rented vehicles for work purposes. 
  • Equipment breakdown coverage: Provides protection against mechanical or electrical failure of essential business equipment. 

How Much Does a Business Owners Policy  Insurance Cost?

Generally, Gild Insurance customers spend about $500 annually on a business owners policy insurance. Key factors that influence the cost of your business owners policy insurance include: 

  • Location: Businesses in high-risk areas face higher premiums. 
  • Business revenue: More revenue often means more customers, more transactions, and more opportunities for something to go wrong. 
  • Number of Employees: The more employees a business has, the higher the risk of liability claims, which raises premiums.. 
  • Property Value: Businesses with more valuable equipment, or inventory pay higher premiums because the insurer must cover higher replacement or repair costs. 
  • Claims History: A track record of frequent or severe claims signals higher risk to insurers, and can directly impact your premium rates. 
  • Optional Coverage Selections: Adding coverages like cyber liability, equipment breakdown, or hired non owned auto insurance increases protection but also raises the overall cost of the policy. 

The best way to find your BOP insurance cost is to get a free, online quote in minutes!

Get a BOP Insurance Quote

Your Gild Insurance Agent is here to understand your business and find the right coverage tailored to your needs.

For a free, online quote in minutes, try out Gildber! The fast, hassle-free option for a business insurance. 

1 Insurance Information Institute, Understanding Business Owners Policies 

2 National Conference of State Legislatures, Security Breach Notification Laws