Business Owners Policy

What is a Business Owners Policy? 

A business owners policy or "BOP" for short, is designed for small to medium sized businesses that do not engage in high-risk operations. It is a package policy that combines property and liability coverages. Some carriers even offer professional liability for eligible businesses. This is a more cost-effective approach than purchasing them on separate policies and covers the risks associated with running a smaller "mom and pop" business.

Additional coverages that may be provided under a BOP 

Like most coverages, every carrier is a little different but the most common additional coverages a BOP may include are:

• Debris Removal
• Forgery or Alteration
• Increased Cost of Construction
• Business income from Dependent Properties
• Glass Expenses
• Electronic Data
• Interruption of Computer Operations
• Limited Fungi, Wet Rot, and Dry Rot Coverage
• Money Orders and Counterfeit Paper Currency
• Preservation of Property
• Fire Department Service Charges
• Collapse
• Water Damage
• Loss of Business Income due to covered loss
• Extra Expense Coverage
• Pollution Cleanup and Removal