Business Owners Policy

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Business Owners Policy (BOP)

A business can buy a separate policy for each class of risk that they want to insure. Insurance companies that sell these products ofen bundle commercial property and liability policies togehter into one policy that covers everything.

Businesses can tailor a Business Owner’s Policy (BOP) to help meet their unique needs by adding optional coverages like data breach, business income for off-premises utility services and other specialized coverages to their BOP.

Business Owners Policy Texas

Who needs a Business Owner’s Policy?

You should consider a business owner’s insurance policy if:


  • Your business has a physical location, whether it’s out of your home or a rented or owned office, store or other work place.
  • There’s a possibility of you being sued – for example, by a customer who was injured at your work place.
  • You have assets that could be stolen or damaged – whether they’re digital assets, customer data, equipment, furniture, cash or inventory.
Advantages of Business Owners Policy

What’s the advantage of a Business Owner’s Policy?

Purchasing a BOP is smart and convenient. It simplifies coverage needs by including business property and business liability, two important coverages that most businesses need, in one policy. Compared to purchasing separate policies for business property and business liability, a BOP offers businesses a way to save money while getting broad coverage for things like fire, theft, lawsuits and loss of income. It’s an even smarter and more convenient choice because other important coverages can be added to it. Businesses with specific needs can tailor their business owner’s policy (BOP) by adding additional coverages like business income for off-premises utility services, data breach and more, to suit the particular needs of their company.

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What is in a BOP?

Business Owners Policy includes:

  • Property insurance for buildings and contents owned by the company -- there are two different forms, standard and special, which provides more comprehensive coverage.
  • Business interruption insurance, which 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.
  • Liability protection, which covers your company's legal responsibility for the harm it may cause to others. This harm is a result of things that you and your employees do or fail to do in your business operations that may cause bodily injury or property damage due to defective products, faulty installations and errors in services provided.

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.
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