What is a Business Owners Policy (BOP)?

What is a Business Owners Policy (BOP)?

What is a Business Owners Policy (BOP)?

A Business Owners Policy, or BOP, is a commercial insurance policy that offers protection against a wide range of risks, including property damage, liability, and business interruption. A BOP can be customized to meet the specific needs of a business and is often less expensive than purchasing separate policies for each type of coverage. While a BOP does not cover every possible risk, it can provide comprehensive protection for many businesses. For this reason, a BOP is an important consideration for any business owner.


Not only will you save money by bundling multiple types of coverage together with a business owner’s policy, but you’ll also be covered more comprehensively. It’s a win/win! Now that you know a little more about business owners’ policies let’s take a look at what types of coverage are typically included.

General liability Insurance

General liability insurance is one of those expenses you hope you never have to use, but it’s always there in the back of your mind if something goes wrong. Whether it’s a slip and fall in your store or a lawsuit alleging that you damaged someone’s property, general liability insurance can help to protect your business from financial ruin. Of course, the best way to avoid a costly lawsuit is to take precautions to prevent accidents from happening in the first place. But even the most safety-conscious businesses can’t always avoid accidents, which is why General Liability insurance is an essential part of doing business.

Property coverage

Business personal property includes furniture, fixtures, equipment, inventory, and other items used in the day-to-day operations of your business. Unfortunately, if any of these items are damaged or destroyed in a covered event, such as a fire or theft, your business insurance policy will not provide any compensation. That’s why it’s important to make sure you have business personal property on your current insurance policy to protect your business assets. Although it may cost a little extra, peace of mind is priceless.


How can you get the best rates on a BOP policy for your business?

Freedom Coverage Insurance is the best place to get a BOP policy for your business. We find some of the most competitive rates around. You can get a free quote online. Freedom Coverage Insurance also offers a variety of other insurance products for businesses so that you can find the right coverage for your needs.


Freedom Coverage Insurance – New York, Suffolk County, Nassau County, Long Island.


Josh Mitchell
CEO Freedom Coverage Insurance