Business Owner’s Policy (BOP) for Small Businesses
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What Does a BOP Insurance Policy Cover?
A BOP is a package policy that typically bundles three types of small business insurance together:
General liability insurance
If business insurance were a house, general liability insurance could be the foundation. It can help cover costs from accidents caused by your business to third parties, as well as damage to someone else’s property.
A GL policy can also cover personal or advertising injury claims against your business, which can include claims of stolen ideas, invasion of privacy, libel, slander, and copyright infringement related to advertising.
Commercial property insurance
If you have a storefront, office space, or other building for your business, commercial property insurance can cover damages caused by fire, theft, weather, or other similar events. It can also cover damage to physical assets such as inventory, supplies, equipment, tools, and machinery.
Business interruption insurance
If your business is forced to close for a period of time (from a covered cause), business interruption coverage can help pay for lost income which can help get your small business back up and running sooner. This is also known as business income coverage.
Depending on your specific business, you can add optional coverage to your business owner’s policy to make it an even better fit. For example:
Cyber insurance
Employee theft coverage
Spoiled merchandise coverage
Forgery coverage
Equipment breakdown coverage
What Is a Business Owner’s Policy (BOP)?
A one-minute explanation
Find out what a BOP covers, why you might need it, and how we can help – All in just 60 seconds.
Who Needs a Business Owner’s Policy?
Brick-and-mortar businesses with inventory and equipment, such as restaurants and retail stores, often can benefit from a BOP. A business owner’s policy could make sense for many small business owners who don’t have a lot of time to search for different coverages, prices, and providers.Brick-and-mortar businesses with inventory and equipment, such as restaurants and retail stores, often can benefit from a BOP. A business owner’s policy could make sense for many small business owners who don’t have a lot of time to search for different coverages, prices, and providers.
How Much is Business Owner’s Policy Insurance?
Compare prices from top carriers in under ten minutes.
What Some Customers are Paying for BOP2
California
Esthetician Services
- Corporation
- General liability coverage:
Occurrence/aggregate limits: $1M/$2M - Business personal property coverage: $40,000 limit/$500 deductible
- Quoted May 2026
$78/month
Utah
Hair Salon
- Limited Liability Company (LLC)
- General liability coverage:
Occurrence/aggregate limits: $1M/$2M - Business personal property coverage: $20,000 limit/$500 deductible
- Quoted May 2026
$39/month
Georgia
Restaurant
- Limited Liability Company (LLC)
- General liability coverage:
Occurrence/aggregate limits: $1M/$2M - Business personal property coverage: $60,000 limit/$500 deductible
- Quoted May 2026
$102/month
2These examples are real insurance quotes generated on the dates above. They are for illustration purposes only. Your coverage options and pricing may differ based on the information you provide us about your particular business, the state you operate in, the number of employees, and other factors.
How to Get a BOP Insurance Quote
You can quotes for general liability coverage in just 10 minutes with our online quote tool.
What Our Customers Say
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Business Owner’s Policy FAQs
Is a business owner’s policy the same as general liability?
No, a business owner’s policy is a bundled package combining general liability with property and business interruption insurance, providing additional protection for small businesses, whereas GL only covers third-party bodily injury and property damage.
Can I add professional liability to my BOP?
Yes, you can typically add professional liability (also known as Errors and Omissions or E&O) insurance to a BOP as an endorsement or add-on.
Adding this coverage helps protect against claims of negligence, oversights, or failures to perform professional services, subject to policy limits.
Is a BOP required by law?
Generally no, but whether it’s required or not, we strongly recommend having coverage. In fact, many clients and landlords may require it before doing business with you.
How does business interruption insurance work within a BOP?
Business interruption (BI) insurance within a business owner’s policy helps replace lost income and pay operating expenses (payroll, rent, taxes) if your business must close temporarily due to a covered property claim like fire, storm, or theft. It helps cover costs during repairs and often includes temporary relocation expenses.
What is excluded from a standard business owner’s policy?
A general liability policy won’t help with these occurrences:
- Workers’ compensation insurance
- Professional liability insurance
- Health and disability insurance
Why work with Simply Business?
We provide customized coverage options and quotes from top-rated small business insurers – all in just 10 minutes. More than 1 million small business owners worldwide trust us with their insurance, and we consistently earn high customer ratings and reviews.
We have more business owner’s policy FAQs here.
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More Helpful Information About BOP Insurance
*Displayed price is an estimate based on the 10th percentile of business owner’s policies sold by Simply Business between January – June 2025, divided evenly across a 12 month policy term. Actual price and payment terms, including an initial down payment, may vary based on your state, insurance provider, and business.