The storm
Wind damages your storefront and you close for two weeks.
Property and business income coverage can pay for repairs and lost income.
Commercial Property & Casualty
A business owner's policy, sized for your business.
A business owner's policy (BOP) packages general liability, commercial property and business income coverage into one policy for eligible small and mid-sized businesses, usually at a lower cost than buying each separately.
What a business owner's policy covers.
BOPs are designed for businesses with relatively standard risks, like offices, shops and many service businesses. If yours is straightforward, you can get an instant quote online. If it isn't, we'll tell you when a BOP is the wrong tool and what to use instead.
- General liabilityThird-party bodily injury, property damage, products-completed operations and personal and advertising injury.
- Commercial propertyYour building, if you own it, plus equipment, furniture and inventory.
- Business incomeLost income and extra expense after a covered property loss.
- Optional add-onsDepending on the carrier: equipment breakdown, hired and non-owned auto, data breach, employee dishonesty and more.
What it typically doesn’t cover
- Employee injuriesWorkers' compensation is always a separate policy. Workers' Compensation Insurance
- Owned vehiclesBusiness vehicles need commercial auto. Commercial Auto Insurance
- Professional mistakesAdvice and professional services need E&O. Professional Liability / E&O Insurance
- Larger or higher-hazard operationsBusinesses outside a carrier's BOP eligibility rules need standalone policies.
Coverage descriptions are general summaries. Actual coverage is governed by the terms, conditions and exclusions of the policy issued. Availability varies by state and carrier.
Real-world examples
What a claim can look like.
Claims rarely look dramatic at the start. They usually begin with an ordinary day, an email or a phone call.
The slip
A customer slips on a wet floor in your shop.
The liability portion of your BOP can respond to the claim.
The break-in
Thieves break in overnight and take laptops and inventory.
The property portion of your BOP can cover the stolen business property, subject to the policy's terms.
Examples are illustrative. Whether a claim is covered depends on the facts and the terms, conditions and exclusions of your policy.
Often paired with
General Liability & Products Liability InsuranceThird-party bodily injury, property damage and products-related claims.Commercial Property InsuranceBuildings, equipment, inventory, business income and extra expenses following covered property losses.Workers' Compensation InsuranceMedical care and lost wages for employees injured on the job.Hired & Non-Owned Auto Insurance (HNOA)Liability protection when employees use personal or rented vehicles for business purposes.Questions
Common questions about a business owner's policy, answered.
Who qualifies for a business owner's policy?
Carriers generally offer BOPs to small and mid-sized businesses with lower-hazard operations, such as offices, retail, service businesses and some contractors. Eligibility rules vary by carrier.
What's not included in a BOP?
BOPs don't include workers' compensation, commercial auto or professional liability. Those are separate policies, and we coordinate them with your BOP.
Can I buy a BOP online?
Yes. For straightforward small businesses, our NEXT Insurance partner portal lets you quote and buy in minutes. For anything more complex, request a tailored quote and we'll shop it across our markets.
How much does a business owner's policy cost?
BOP pricing reflects your industry, property values, location, revenue and square footage, claims history and any optional coverages you add. Because the coverages are packaged, a BOP is often less expensive than buying them separately. We compare options across our carrier relationships so you see real prices for your business, not an average.
Talk to an advisor
Let's get this fitted properly.
Tell us about your business. A principal will review your needs, shop the market and walk you through the options in plain English.