Business Owners’ Policy Insurance

General liability, property insurance, and more all in one convenient package.

Get Started

Insuring over 1 million small business owners worldwide.

This block is configured using JavaScript. A preview is not available in the editor.

Business Owner’s Policy (BOP)

Multiple coverages in one convenient solution.

A BOP is a package policy that typically bundles three types of small business insurance together:

General liability insurance

If business insurance were a house, general liability insurance could be the foundation. It can help cover costs from third-party accidents and third-party bodily injury, as well as damage to someone else’s property.

A GL policy can also cover personal or advertising injury claims, which can include claims of stolen ideas, invasion of privacy, libel, slander, and copyright infringement related to advertising.

Commercial property insurance

If you have a storefront, office space, or other building for your business, commercial property insurance can cover damages caused by fire, theft, weather, or other similar events. It can also cover damage to physical assets such as inventory, supplies, equipment, tools, and machinery.

Business interruption insurance

If your business is forced to close for a period of time, business interruption coverage can help pay for lost income which can help get your small business back up and running sooner. This is also known as business income coverage.

Depending on your specific business, you can add optional coverage to your business owner’s policy to make it an even better fit. For example:

Cyber insurance

Employee theft coverage

Spoiled merchandise coverage

Forgery coverage

Equipment breakdown coverage

How Much Does a Business Owner’s Policy Usually Cost?

Looking for a quick estimate? Just answer these 3 questions.

Do I Need Business Owner’s Policy Insurance?

Brick-and-mortar businesses with inventory and equipment, such as restaurants and retail stores, often can benefit from a BOP. A business owner’s policy could make sense for many small business owners who don’t have a lot of time to search for different coverages, prices, and providers.

Restaurants

Health & Wellness

Bakeries

Retail Shops

Cafes & Coffee Shops

Professional Services

Beauty & Cosmetology

Ice Cream Shops

Other Types of Businesses

Answers To More Business Owner’s Policy Questions

What determines the cost of business owner’s policy insurance?

Since BOP insurance bundles together different policies, it often can be less expensive than buying all those policies separately. As with most types of insurance, your cost will depend on a number of factors, such as your type of business, the services you provide, and where your business is located

Some other factors can include the number of employees you have and your estimated revenue.

We can help find BOP insurance quotes for your business in just 10 minutes right here.

How does a general liability policy compare to a business owner’s policy?

A general liability policy may be required if you’re leasing or renting space for your business, but it usually doesn’t cover the building or your business property.

A BOP typically includes general liability insurance, along with commercial property and business interruption insurance.

What endorsements can and cannot be added to a BOP insurance policy?

Depending on your specific business, you also can add optional coverages to your BOP insurance to make it an even better fit. For example:

Can be included:

Cyber insurance
Employee theft coverage
Spoiled merchandise (perishable goods) coverage
Forgery coverage
Equipment breakdown coverage

Can’t be included:

Workers’ compensation insurance
Professional liability insurance
Commercial auto insurance
Health and disability insurance

Why work with Simply Business?

We provide customized coverage options and quotes from top-rated small business insurers – all in just 10 minutes. More than 1 million small business owners worldwide trust us with their insurance, and we consistently earn high customer ratings and reviews.

We have more business owner’s policy FAQs here.

Business Owner’s Policy Insurance

A one-minute explanation

Find out what a business owner’s policy covers, why you might need it, and how we can help – All in just 60 seconds.

So what’s on your to-do list today? That’s a lot, which is why you may need a BOP. A BOP is a Business Owner’s Policy. It typically combines different coverages like property and general liability insurance into a single policy and that can be a great option for certain businesses. With a BOP you make one purchase instead of multiple purchases to get most of the coverage you need, plus as your needs change you can typically add or drop coverages and it can often be cheaper than buying all those policies separately. So whether you put together a signature look for your clients or a signature dish for your customers, we can put together a Business Owner’s Policy that’s right for you.