Business Owner Policy Insurance

business owner
A business owner’s policy is a special type of commercial insurance designed for small and medium-sized businesses. By bundling general liability insurance and property insurance into a single policy, Business Owner's Policy typically offer a reduced premium, often making them a more cost-effective option than separately purchased policies.
Specific coverage included in a business owner’s policy varies among insurance providers, but most policies require that businesses meet eligibility criteria to qualify. A typical business owner’s policy includes property and liability insurance.
Types of property covered by a BOP usually include:

  • Buildings: Owned or rented business premises, additions and additions in progress, outdoor fixtures.
  • Personal business property: Any items owned by the business or business owner or owned by a third party but kept temporarily in the care, custody or control of the business or business owner. To be covered by, business property must be stored or kept in specified proximity of business premises (e.g., within 100 feet of the premises).

Business owner’s policies do not include the following types of insurance:

  • Liquor liability insurance for businesses that sell or manufacture alcohol.
  • Professional liability insurance.
  • Workers’ compensation.
  • Health insurance.
  • Disability insurance.
  • Auto insurance.
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