It's important to note that a standard BOP does not include coverage for catastrophic risks such as floods or earthquakes. Additionally, it does not cover business vehicles, worker injuries, or equipment frequently moved to different job sites, as these specific risks require separate policies like Commercial Auto, Workers Compensation, or Inland Marine Insurance.
Learn more about California's new minimum auto insurance requirements.
Protecting Your Business From Every Angle
A Business Owner’s Policy (BOP) is the easiest and most affordable way to get the insurance protection most small to medium-sized businesses need. Instead of purchasing three policies separately, the BOP bundles your most essential protections, like General Liability, Commercial Property, and Business Interruption into one convenient package. This means less paperwork, a simpler plan, and usually a much lower price than buying all that coverage on its own. It’s the smart, simple solution and ultimate financial foundation for your business.
Who Needs a Business Owners Policy?
A BOP is ideal for small and medium-sized businesses with fewer than 100 employees and under $5 million in sales. If your business owns property, equipment, or inventory that needs protection, and you host clients or customers, this policy is your essential first step.
How Much Does a BOP Cost?
Your BOP cost depends on factors such as your industry's risk level, location, the value of your property and equipment, the number of employees, and the coverage limits you select. Most small businesses typically pay between $500 and $2,000 annually.
What Does Business Owners Policy (BOP) Cover?
Think of a Business Owner's Policy (BOP) as the Swiss Army Knife of small business insurance. It conveniently packages the three most crucial protections—including liability, property, and business income coverage—into one simple, smart purchase. Here are the core coverages that make up this robust financial safety net:
This crucial coverage defends your company if a third party is injured on your premises or if your business causes damage to someone else's property, and your company is found liable. It handles the legal costs, settlements, or judgments, protecting your business savings and stability.
This coverage is your shield against unexpected damage to your physical assets from events like fire, severe weather, theft, or vandalism. Whether you own a commercial building or run an office, BOP covers what you own: your equipment, inventory, furniture, and computers. Even if you work from home, this policy covers your business assets, separate from your home insurance.
If a covered loss, like a fire or major storm, forces you to close your doors temporarily for repairs, this coverage will help replace the income your business loses during that downtime. It also covers your continued operating expenses, like rent and utilities, to ensure you can pay your bills and keep your finances stable while the property is being fixed.
Business Insurance Made Simple: Why Choose AIS
Your business is a major investment, and it deserves more than a standard, one-size-fits-all liability policy. At AIS Insurance, our experienced Business Insurance Specialists are driven by one goal: protecting your hard work and assets. We work quickly to understand the specific risks of your industry, allowing us to find and fix the dangerous gaps in coverage that leave businesses vulnerable, ensuring you get true financial peace of mind.
Stop settling for confusing policies. We make commercial insurance clear, fast, and highly effective. Call us today to speak with our experts who are ready to tailor a Business Owners Insurance policy to your needs.
Additional Insurance Coverages to Bundle
It would be great if you could save money on insuring your business and all of its assets under one roof. AIS is the insurance house that finds affordable coverage for a wide variety of businesses. We compare the best rates from multiple trusted carriers partners, so you know you’re getting the best protection for the best price.
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