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Business Owner's Policy (BOP) Guide
A Business Owner's Policy bundles general liability and commercial property coverage into a single discounted package, designed specifically for small and medium-sized businesses.
Why BOPs Are Popular for Small Business
Bundling typically costs 10-25% less than purchasing GL and property coverage separately, while simplifying management to a single policy and renewal date.
BOP Costs
| Business Size | Typical Annual Cost |
|---|---|
| Small business | $600-$2,000 |
| Mid-size business | $2,000-$8,000 |
What's Included in a Standard BOP
General liability, commercial property coverage, and often business interruption insurance — with optional endorsements available for cyber liability, equipment breakdown, and professional liability.
Who Qualifies for a BOP
Typically small to medium businesses with a physical location, moderate revenue, and lower-risk operations — larger or higher-risk businesses may need separate, more customized policies instead.
Customizing With Endorsements
Adding specific endorsements (cyber, equipment breakdown) to your BOP is often cheaper than purchasing entirely separate standalone policies for the same coverage.
Choosing the Right BOP
Compare coverage limits, included endorsements, and exclusions across providers — not just price, since BOP packages can vary meaningfully in what's actually included.
Common Mistakes
Assuming a standard BOP covers everything your business needs without reviewing exclusions — professional liability and workers comp, for example, are typically NOT included and require separate coverage.
Frequently Asked Questions
No — workers comp is typically a separate, required policy in most states. A BOP covers general liability and property, not employee injuries.
Generally yes — bundling GL and property into a BOP typically costs 10-25% less than purchasing the equivalent coverage as separate standalone policies.