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Business Owners Policy

About Business Owners Policy

Business Owners Policy is designed for small to medium-sized businesses like yours, and focuses on the needs of retail, mercantile, office and habitational occupancies, including business owners who lease out their premises to similar businesses. A Business Owners Policy combines property coverage, liability and additional coverages that most businesses require into one policy with the exception of workers compensation, auto and flood. Optional coverages also can be added to meet specific needs of your business. Business Owners Policy is a simplified way of providing you with the basic coverage at a lower cost than with buying separate policies.

Primary Business Owners Insurance Coverages


Building coverage pays for damages to your building and other structures on the premises, as well as business personal property you own and use in your business. Some examples of business personal property can include stock, inventory, furniture, and office equipment.

Business Interruption

Business Interruption coverage provides protection for a temporary shutdown of your business due to a covered cause of loss. It provides coverage for loss of income or extra expenses you incur to resume operations.

General Liability

Liability coverage is provided for your operations and all premises you own, operate, or lease. This protection includes:

  • 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

The record of money owed to a business by its customers is known as Accounts Receivable. This coverage pays for amounts due from customers that you are unable to collect after the records are damaged or destroyed by a covered cause of loss.

Arson Reward

If your business suffers a fire loss that is found to be caused by arson, this coverage pays for information that leads to an arson conviction of the party that caused the fire.

Automatic Seasonal Increase

Many businesses carry additional inventory during certain times of the year. This coverage automatically increases your business personal property by 25% in the event you suffer a covered cause of loss during the time you have additional inventory in stock.

Depositors Forgery

Should you experience a loss due to forgery or alteration of outgoing checks, drafts, or promissory notes; Depositors Forgery will cover the loss of money that results.

Employee Dishonesty

This valuable coverage will reimburse your business for losses caused by the dishonest acts of your employees.

Money & Securities

This coverage pays for loss due to theft, disappearance, or destruction of your money and securities while either:

  • at a bank or savings institution
  • at your residence
  • at an employee’s residence when they have custody of the property
  • at the business location
  • in transit between any of the above

Newly Acquired or Constructed Property

If your policy covers buildings, your business may extend the insurance to apply to newly constructed buildings on the premises or to buildings you acquire at another location.

Outdoor Property

This option provides coverage for outdoor property defined as outdoor fences; radio and television antennas (including satellite dishes); signs not attached to a building trees, shrubs, and plants (including debris removal expense caused by covered cause of loss).

Personal Property Off-Premises

Business Personal Property insurance may also be extended to cover your property while in the course of transit or at premises you do not own, lease or operate.

Attached Signs

Signs attached to your building are considered outdoor fixtures. They are covered as part of the building and included within the building limit of insurance.

Valuable Papers & Records

Your organization likely has valuable records and papers, such as blueprints, historical documents, general business records, and software that you need to safeguard. This coverage protects those documents and includes the cost to research lost information for which duplicates do not exist.