A business owners policy or â€œBOPâ€ for short, is designed for small to medium â€“ 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 â€œmom and popâ€ business.
Like most coverages, every carrier is a little different but the most common additional coverages a BOP may include are: