A Partnership Built For Small Business Owners

A Businessowners Policy (BOP) simplifies insurance by merging property and general liability coverage into a single policy package, designed specifically for small to medium-sized businesses. This type of policy offers a practical and often budget-friendly way to address common business risks, such as property damage or liability claims. 

By paying a regular premium—either monthly or annually—business owners secure protection from an insurance provider, who agrees to pay for covered claims up to a business owner’s limits and less applicable deductibles. You can request a quote today and we’d be happy to review your current policy to ensure you are properly covered.

BOP insurance typically provides coverage for a wide range of situations, such as property damage, bodily injury, and claims related to advertising errors or defamation. 

Beyond these essentials, BOP insurance may also include additional coverage, such as income loss due to unexpected business interruptions, equipment breakdown, and crime. 

To ensure your business is properly protected, review you policy and speak with your insurance provider to make sure it meets your business’s unique needs.

The cost of a Businessowners Policy (BOP) will vary depending on several factors, such as the size and type of your business, the level of risk involved, and the amount of coverage needed. Some common elements that go into pricing include: 

• Annual sales 

• Number of employees 

• Where your business is located 

• Equipment and inventory

Absolutely! A BOP can be customized by adjusting coverage limits and deductibles, and by adding optional coverages to meet your business’s unique needs. 

Additional coverage options can vary depending on the insurance provider, but common options include cyber liability insurance, employment practices liability insurance, professional liability insurance, and umbrella insurance—all available through our partnership with Berkley Small Business.

A Businessowners Policy can provide comprehensive coverage for a wide range of risks at a cost-effective price, making it a popular choice for small-to-midsize businesses. 

Having a Businessowners Policy is not required by law, but it can be an important risk management tool for many businesses, and acts as a risk transfer to limit out of pocket expenses in the event of a covered claim. 

Additionally, many landlords, vendors, and other business partners commonly require proof of business insurance before contracting with a small business.

A Micro-Businessowners Policy is for small, home-based businesses that need commercial insurance, and offers contents, business liability, and other coverages for businesses with revenue under $500,000.