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