Business Owners Policy (BOP)

A Business Owners Policy (BOP) is a package policy that typically combines general liability and property insurance, along with other optional coverage, for small- to medium-sized businesses in lower-risk business classes. A BOP may be available depending on the type of business, annual sales, number of employees, and other factors.  General liability covers your commercial liability and property insurance for physical assets, such as contents that are leased or owned. The package insurance policy may also cover loss of business income and extra expenses resulting from a covered loss. The general liability insurance coverage of a BOP is comparable to a typical commercial general liability (CGL) policy and provides protection against claims of bodily injury or property damage for which your business may be liable.