A BOP bundles general liability and commercial property into one affordable policy — the smartest starting point for most small businesses with a physical location.
A BOP combines two policies you'd need to buy separately anyway:
Covers third-party injury and property damage claims at your location or from your operations
Covers your building, equipment, and inventory against fire, theft, and weather damage
If a covered loss forces you to close temporarily, BOP replaces lost income and covers ongoing expenses while you rebuild.
In plain language, here's what you're protected against:
A customer slips and falls — GL inside the BOP covers medical costs and your legal defense.
Your building, equipment, and inventory are covered against common perils under the property component.
If a fire or covered event shuts you down, business interruption coverage replaces lost revenue while you're closed.
Mechanical or electrical breakdown of essential equipment — often added to BOPs for restaurants and retailers.
Most small businesses pay between $500-$2,500 per year for a BOP depending on business type, location, revenue, and property value. Buying GL and property bundled in a BOP is almost always cheaper than purchasing them separately.
No — a BOP covers third-party claims and your property, not employee injuries. For employee injuries you'll need workers' compensation, which is a separate policy.
Yes — BOPs are designed to be customized. Common add-ons include professional liability, cyber liability, liquor liability (for restaurants/bars), and equipment breakdown coverage.
Sometimes — it depends on the trade and whether you have a fixed location. Many contractors are better served by a standalone GL policy with separate tools and equipment coverage. We'll tell you which makes more sense for your situation.
Call us — we'll tell you what actually makes sense for your business.