What is a BOP Policy?

A BOP, or business owner’s policy, is a bundled insurance package that combines three foundational types of business coverage into one policy. It typically includes general liability insurance, commercial property insurance, and business interruption insurance, giving small businesses broad protection without the hassle of managing separate policies.

A typical BOP includes three core coverages: general liability insurance, commercial property insurance, and business interruption insurance. Beyond these essentials, a BOP is usually customizable, meaning business owners can often add supplemental coverages to tailor the policy to their specific industry risks and operational needs.

No, a BOP is not the same as “business insurance” as a whole—it’s a specific bundle within the broader business insurance category. While business insurance is a general term covering any policy that protects a company, a BOP refers specifically to the package combining general liability, property, and business interruption coverage.

A BOP simplifies coverage by combining multiple essential policies into a single package, eliminating the need to purchase and manage general liability, property, and business interruption insurance separately.

• Streamlines the claims process by consolidating coverage under one plan

• Consolidates some of our core coverages into one policy and one renewal date 

• Reduces the administrative burden of tracking multiple coverage terms

• Minimizes the risk of coverage gaps that can occur when juggling standalone policies

Yes, a BOP is designed to be customizable, subject to state and carrier availability. While general liability, commercial property, and business interruption insurance form the core of the package, business owners can typically add endorsements on top of these three to address risks specific to their industry or operations.

Eligibility for a BOP depends on a range of factors, which can include a business’s annual revenue, number of employees, physical premises size, industry, and overall risk profile. Insurers may consider additional details based on the business and their underwriting requirements when determining whether a BOP or standalone coverage is the better fit for a small business customer.

Bundling coverage into a BOP can save money because insurers often price a package more competitively than three individually purchased policies. Beyond potential cost savings, a BOP reduces the confusion of managing multiple policies, making it easier for small business owners to maintain consistent, comprehensive protection.

General liability insurance is just one component of a BOP, not a replacement for it. A BOP bundles general liability together with commercial property and business interruption insurance, offering broader protection, while a standalone general liability policy typically covers claims related to third-party bodily injury, property damage, personal and advertising injury, and related legal costs.

You can get a BOP quote through Simply Business’s online platform, which allows you to compare policy options to help match you with coverage suited to your business type and size. The process typically involves providing basic details about your business, such as industry, revenue, and employee count, to determine eligibility and pricing.