Contractor Businessowner’s Policy
More Than Liability Insurance
Why a BOP May Make Sense for Your Contracting Business
General liability focuses mainly on claims made by other people. A Business Owner’s Policy can add protection for your own business property and certain income losses, creating a more complete foundation for eligible contractors.
Your Office and Administrative Property
Computers, printers, desks, project files, communication equipment, and other covered business property may need protection.
Your Shop or Business Location
A contractor operating from an office, shop, warehouse, or leased space may face risks beyond the active jobsite.
Your Ability to Continue Operating
A covered fire, theft, or other insured property loss could interrupt scheduling, billing, customer communication, and project management.
Property Behind the Projects
Business Property a Contractor May Need to Insure
Coverage depends on the policy, location, property classification, limits, and whether the item qualifies as covered business personal property.
Computers and Electronics
Desktop computers, laptops, monitors, printers, phones, networking equipment, and office electronics.
Office Furniture
Desks, chairs, cabinets, shelving, conference furniture, and administrative workstations.
Materials and Supplies
Certain stored materials, project supplies, office supplies, and eligible inventory at an insured location.
Tenant Improvements
Certain improvements, fixtures, or alterations made to an office, shop, or leased business space.
Signs and Displays
Certain business signs, interior displays, branding materials, and customer-facing property.
Records and Documents
Certain expenses related to restoring covered business records may be available, subject to policy terms.
Important: Tools and equipment that travel between jobsites may need separate inland marine or tools and equipment coverage rather than relying only on a standard BOP.
Contractor Business Scenarios
How a BOP Could Respond to a Covered Loss
Office Fire
A covered fire damages office furniture, computers, project records, and the contractor’s administrative workspace.
Customer Injury at the Shop
A customer visits the contractor’s office, slips on the premises, and alleges that the business was responsible for the injury.
Theft at the Business Location
A break-in results in covered damage to the premises and theft of eligible office equipment and business property.
Temporary Business Shutdown
A covered property loss prevents normal operations, creating lost income and continuing business expenses during restoration.
Build Beyond the Basic Package
Coverage Options Contractors May Add
A BOP can provide a valuable starting point, but contractors often need additional policies or endorsements based on their trade and operations.
Tools and Equipment
Coverage for eligible tools and mobile equipment that move between your shop, vehicle, and jobsites.
Commercial Auto
Coverage for business vehicles used to transport employees, tools, supplies, materials, and equipment.
Workers’ Compensation
Coverage designed for employee work-related injuries and applicable employer obligations.
Cyber Insurance
Coverage for certain data breaches, cyber incidents, fraudulent transfers, and digital business interruptions.
Professional Liability
Coverage for certain allegations involving design, consulting, advice, project management, or professional services.
Excess or Umbrella
Additional liability limits that may be required for larger projects, contracts, or business relationships.
Prepare for Your Quote
Information We May Request
Accurate information helps determine whether your contracting business qualifies for a BOP and which additional coverages may be needed.
Business name and address
Exact contractor trade
Annual revenue
Payroll and employee count
Business property values
Building or lease information
Tools and equipment values
Prior claims history
Current insurance documents
Requested limits
Contractor Insurance Review
Build a Stronger Insurance Package
Tell us about your contracting business, location, property, tools, vehicles, employees, and project requirements.
Contractor BOP Questions
Business Owner’s Policy FAQs
Review common questions contractors ask about BOP coverage, property, liability, tools, vehicles, and business interruptions.
Protect More Than the Jobsite
Protect the Business Behind Every Project
Best Formula Insurance can help contractors evaluate liability, property, income, tools, vehicles, employees, and contract requirements as part of a coordinated insurance strategy.
Important: This page provides general insurance information and does not modify, expand, or guarantee coverage. Business Owner’s Policy eligibility, coverage, limits, exclusions, deductibles, classifications, endorsements, and pricing vary by carrier, state, trade, location, and individual risk. All coverage is subject to the terms and conditions of the issued policy.