How Much Does Business Owner’s Policy Insurance Cost?
Simply Business customers pay a median price of $48 per month** for a Business Owner’s Policy (BOP). Your particular BOP insurance price will depend on the type of work you do, your location, annual revenue, policy limits, and claims history.
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What is a Business Owner’s Policy?
A business owner’s policy (BOP) bundles three key coverages — general liability, commercial property, and business interruption insurance — into one convenient and affordable package. It’s designed to help protect your business from a range of common risks without the hassle of managing multiple policies.
This guide will break down what a BOP typically costs, what affects the price, and how Simply Business makes getting coverage simple.
What Factors Affect Your Business Owner’s Policy (BOP) Cost?
There’s no one-size-fits-all BOP insurance cost — here are some of the factors that may affect your rate:
Industry
The type of work you do can play a big role in your insurance rate. If you run a restaurant or convenience store, you might pay more due to the elevated risk of kitchen fires or customer injuries. If, on the other hand, you’re a beautician or hair stylist, your risk is generally lower, so your premium may be too.
Median Monthly BOP Premium by Industry/Profession
| Profession | Median Monthly Cost1 |
|---|---|
| Barber shop / Hair salon | $34 |
| Beautician / cosmetology services | $34 |
| Beauty salon | $34 |
| Clothing / apparel stores | $59 |
| Esthetician services | $34 |
| General merchandise store | $52 |
| Medical or dental office | $34 |
| Nail salon | $48 |
| Restaurants | $144 |
1Data from Simply Business customers who purchased BOP policies between July 1, 2025 and December 31, 2025. The median costs shown are for illustrative purposes only; actual premiums vary by state, coverage limits, and individual business risk.
Location
Where you work matters. Businesses in dense urban areas or in states with high litigation rates and severe weather generally pay more for BOPs. Foot traffic factors in too — a busy storefront typically has more exposure to slip-and-fall claims than a quiet office or home-based business, and premiums reflect that.
Median Monthly BOP Premiums by State
Here are the median monthly costs for customers in some of our most common states.
| State | Median Monthly Cost2 |
|---|---|
| California | $48 |
| Georgia | $59 |
| Pennsylvania | $48 |
| Texas | $55 |
2Data from Simply Business customers in the states listed above, who purchased BOP policies between July 1, 2025 and December 31, 2025. The median costs shown are for illustrative purposes only; actual premiums vary by state, coverage limits, and individual business risk.
Property Value & Equipment
Because a BOP typically covers commercial property, your building’s size and property value can heavily affect your premium. A business insuring a large building and $500,000 in specialized inventory will pay more than a small shop with few physical assets. And insuring property at replacement cost is typically more expensive than actual cash value, which factors in depreciation.
Policy Limits & Add-Ons
Higher coverage usually means a higher premium, but it also means more protection if something goes wrong. A $1,000,000 per-occurrence policy limit provides protection for many types of lawsuits or accidents. Many businesses also add endorsements tailored to their specific needs including Cyber Liability Insurance for data breaches or Equipment Breakdown Coverage for mechanical failures.
Claims History
A clean claims history is one of the best ways to keep your BOP insurance cost low. Small businesses with years of continuous, claim-free coverage are viewed as lower risk by insurers and often receive the most competitive BOP rates.
How To Save on Business Owner’s Policy Insurance
- Reduce your risks
Fewer claims can mean lower rates. That’s why risk management should be a top priority:
→ Learn from past claims and put steps in place to prevent future mishaps.
→ Train your team on safety procedures and best practices.
→ Keep your space safe by minimizing risks like trip hazards.
→ Create clear policies for workplace conduct, social media use, and customer interactions.
→ Invest in security, like surveillance cameras or alarm systems.
→ Weatherproof your business to protect it from damage related to covered events such as windstorms or hail. - The Bundle Advantage
Simply by choosing a BOP, you’re already saving money. Customers who bundle General Liability, Commercial Property, and Business Interruption coverage into a single BOP often see noticeable savings. - Shop Around
Simply Business provides customized coverage options from top-rated small business insurance providers — all in just 10 minutes. We do the legwork so you can sit back, compare quotes, and save. - Pay Annually
Some insurance carriers offer a discount if you pay your annual premium in one lump sum rather than breaking it down into monthly installments.
Simply Business gives you access to top carriers:
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.
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BOP FAQs
What does a Business Owner’s Policy cover?
A Business Owner’s Policy (BOP) typically bundles three types of business insurance:
- General liability: Coverage for third-party bodily injury, property damage, and advertising injury.
- Commercial property: Financial protection for damage to your building (if owned), inventory, equipment, and stationary assets caused by covered events such as fire or theft.
- Business interruption: If your business is forced to close for a period of time due to direct physical damage from a covered loss such as a fire, Business Interruption coverage can help pay for a portion of lost income and ongoing operating expenses.
What is NOT covered by a BOP?
A Business Owner’s Policy (BOP) generally won’t help with:
- Work-related illnesses or injuries to your own employees.
- Tools, equipment, or other property in transit or stored away from your main location.
- Damage caused by earthquakes or floods.
- Mistakes in your professional services or advice.
- Auto-related accidents.
Can I add optional coverage to my Business Owner’s Policy?
Depending on your small business’s needs, Simply Business may have BOP insurance coverage extensions to ensure your policy is the right fit. These add-ons include:
- Forgery
- Cyber insurance
- Equipment breakdown coverage
- Employee theft
- Spoiled merchandise
Why do I need a BOP?
Because even a single accident or lawsuit could cost your business thousands out of pocket. A BOP helps protect you from a financial hit like that — so that one mistake or unexpected event doesn’t turn into a major setback. And since BOP insurance bundles together different policies, it often can be less expensive than buying all those policies separately.
Can I get a Certificate of Insurance (COI) immediately?
Yes. COIs for most policies are available as soon as you purchase your coverage. With Simply Business, you can download and share your COI instantly through your online account or right from your phone — useful when a client, landlord, or licensing board needs proof of coverage before you can start work.
Is a Business Owner’s Policy tax-deductible?
Yes. Premiums for your Business Owner’s Policy (BOP) are generally considered a tax-deductible business expense. Keep records of your payments throughout the year so they’re easy to claim at tax time, and always check with your accountant or tax professional to confirm what applies to your specific business.
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**Median cost figure is based on the costs of policies purchased by Simply Business customers (e.g., General Liability data is used for General Liability estimates) from July 1, 2025 – December 31, 2025.