A Business Owners Policy, commonly called a BOP, packages several commercial insurance coverages together. It commonly combines general liability and commercial property coverage and may include business income and other protections depending on the policy.

BOPs are generally designed for qualifying small and medium-sized businesses, although eligibility thresholds for revenue, payroll, property values, square footage, and business type vary by insurance company.

Qualifying retail stores, offices, salons, restaurants, service businesses, small commercial-property owners, and many other operations may be eligible depending on insurance company underwriting guidelines.

General liability is commonly one of the main components of a BOP and may help with qualifying bodily injury, property damage, personal and advertising injury, and defense costs.

Commercial property coverage is commonly included and may protect qualifying business furniture, equipment, inventory, improvements, and other insured property.

Possibly. A qualifying business-owned building may be included when the property meets the insurance company’s underwriting requirements and appropriate building coverage is selected.

A tenant may still need coverage for furniture, inventory, equipment, signs, improvements, liability, business income, and other business property even when the landlord insures the building.

Generally, a commercial landlord’s policy is designed around the landlord’s property and liability exposures. Your inventory, equipment, furniture, tenant improvements, and business income generally require your own business insurance.

Business income coverage may help replace qualifying lost income and certain continuing expenses when operations are suspended because of a covered property loss, subject to the policy’s terms and time periods.

Qualifying inventory may be covered under commercial property coverage when properly reported and insured within the applicable limits and policy terms.

Qualifying computers, office equipment, machinery, appliances, and other business property may be covered under the commercial property portion of the policy, subject to applicable limits and exclusions.

Qualifying fire and smoke damage to insured business property may be covered subject to the deductible, limits, conditions, exclusions, and other policy provisions.

Certain sudden and accidental water losses may be covered depending on the source and policy. Flood, long-term leakage, repeated seepage, sewer backup, maintenance, and other water-related losses may require different coverage or may be excluded.

Workers’ compensation is generally separate from a BOP and may be required when a business has employees, depending on applicable state law.

Commercial auto insurance is generally separate. Business-owned or commercially used vehicles should be reviewed under appropriate auto coverage.

Professional liability is not automatically included in every BOP. Businesses providing professional advice or specialized services may need separate errors and omissions or professional liability coverage.

Cyber coverage should not automatically be assumed to be included. Some insurers offer limited endorsements while others offer separate cyber insurance policies.

Certain restaurants, cafés, bakeries, and food-service businesses may qualify depending on cooking operations, alcohol sales, delivery, revenue, seating, property characteristics, and insurance company guidelines.

Many qualifying retail businesses may be eligible. Insurance companies generally review the products sold, sales volume, inventory values, location, building, security, claims history, and other business characteristics.

Many qualifying office-based businesses may be eligible, although professional services may also create errors-and-omissions exposures that should be reviewed separately.

Qualifying salons, barbershops, and beauty businesses may have BOP options depending on services performed, products sold, employees, revenue, property, and insurance company guidelines.

Yes. Commercial leases commonly include insurance requirements such as general liability limits, property coverage, certificates of insurance, and additional-insured requirements.

Information may include the business name, address, operations, years in business, annual revenue, payroll, number of employees, property values, inventory, equipment, building information, prior claims, current insurance, and requested coverage.

Pricing may depend on business type, location, sales, payroll, property values, building characteristics, liability limits, deductibles, number of employees, claims history, optional coverages, and insurance company underwriting guidelines.