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Business Owners Policy

About Business Owners Policy

A Business Owners Policy (BOP) is designed for small to medium-sized businesses like yours, focusing on the needs of retail, mercantile, office, and habitational occupancies. It combines property coverage, liability, and additional coverages into one policy, excluding workers compensation, auto, and flood insurance. Optional coverages can be added to meet specific business needs. A BOP provides essential coverage at a lower cost than buying separate policies.

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Business Owners Policy Coverages

Primary Business Owners Insurance Coverages

Building/Property Coverage

Covers damages to your building, other structures, and business personal property (e.g., stock, inventory, furniture, and office equipment).

Business Interruption Coverage

Provides protection for temporary shutdowns due to covered losses, covering loss of income or extra expenses incurred to resume operations.

General Liability Coverage

Protects your operations and premises, including:

  • Bodily Injury, Property Damage, and Medical Expenses
  • Products – Completed Operations
  • Personal Injury and Advertising Injury
  • Damage to Premises Rented to You

Additional Coverages

Accounts Receivable

Pays for amounts due from customers when records are damaged or destroyed by a covered loss.

Arson Reward

Provides a reward for information leading to an arson conviction.

Automatic Seasonal Increase

Increases business personal property coverage by 25% during peak inventory periods.

Depositors Forgery

Covers losses due to forgery or alteration of outgoing checks, drafts, or promissory notes.

Employee Dishonesty

Reimburses losses caused by dishonest acts of employees.

Money & Securities

Covers loss of money and securities due to theft, disappearance, or destruction in various locations (e.g., bank, residence, business location, in transit).

Newly Acquired or Constructed Property

Extends coverage to newly constructed or acquired buildings.

Outdoor Property

Covers outdoor fences, radio/TV antennas, satellite dishes, signs, trees, shrubs, and plants, including debris removal expense caused by a covered loss.

Personal Property Off-Premises

Extends coverage to business personal property in transit or at non-owned, leased, or operated premises.

Attached Signs

Includes coverage for signs attached to your building as part of the building insurance.

Valuable Papers & Records

Protects valuable records and papers, including costs to research lost information for which duplicates do not exist.