SMALL BUSINESS INSURANCE

Not every business requires a complex, fully customized commercial insurance package. A Business Owner’s Policy (BOP) combines property and general liability coverage into one policy, making it a practical starting point for many small to mid-sized, lower-risk businesses.In addition to protecting your building, equipment, and liability exposures, a BOP typically includes Business Interruption coverage. This helps replace lost income if your business must temporarily close or relocate due to a covered loss.Optional endorsements can be added to address specific needs, such as:

• Mechanical breakdown

• Employee dishonesty

• Money and securities

• Burglary and robbery

Who Is a BOP Designed For?

A BOP is generally appropriate for smaller, lower-risk businesses such as:

• Apartment buildings

• Office buildings (six stories or fewer, under 100,000 square feet)

• Retail, wholesale, and service businesses (under 25,000 square feet and approximately $3 million in annual revenue)

• Limited-service restaurants

• Certain convenience stores meeting carrier guidelines

Eligibility ultimately depends on the nature of your operations and carrier underwriting requirements. 

Why It Matters

A BOP can offer efficient, cost-effective protection for businesses that don’t require a complex insurance structure. However, not every business qualifies, and not every exposure fits neatly into a standard package. That’s where thoughtful evaluation and guidance become important.

Each policy will have stipulations, limits, and exclusions. Extensions, riders, and floaters are available to fill any gaps. The information on this website is an overview of the types of insurance you may be able to purchase, but does not comprise full explanations of policy types nor does it guarantee any particular coverage or policy.