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Home > Blog > Business Owner Policy
MONDAY, NOVEMBER 22, 2021

Business Owner Policy

If you own a small- or medium-sized business, you know there are unique risks associated with operating your own company. From fire and burglary to liability and business interruption losses, you need insurance to protect your business fully. 

A business owner policy (BOP) bundles several types of coverage to give you a cost-effective policy rather than having to purchase separate policies. Your type of business, company size (100 employees or fewer) and revenue ($5 million or less) make you a candidate for a BOP. Our agents can determine if you’re eligible for a BOP or if you’d need to purchase individual coverages.a person standing in front of a store 

A BOP typically bundles these insurance coverages: 

  • General liability insurance covers your legal responsibility for any harm your company causes to others, up to your policy limit. General liability insurance also covers attorney fees and medical bills for anyone injured by your business. 

  • Commercial property insurance covers losses to your property from common perils. This insurance protects your office equipment, furniture, inventory, machinery, raw materials, computers and anything else that is vital to your business. 

  • Business interruption insurance reimburses you for loss of income if a covered disaster interferes with your business’s operation. 


BOPs typically don’t cover professional liability, auto insurance and workers’ compensation. Our agents can help you purchase any needed separate insurance policies. In addition, if your business owns vehicles, we can help you obtain appropriate auto coverage for those. 

A final consideration for a BOP is to add excess liability or an umbrella insurance policy to boost your coverage beyond your primary policy limits. This additional coverage can help you fill gaps and cover any other areas of risk your business may have.  

The cost of your BOP will vary depending upon the insurance coverages you decide to add as well as any extra gap coverage you purchase. Business owners need to protect the investment they’ve made in their companies and employees, and a business owner policy is a protection that is worth the investment. 

For more information on BOP coverage, read our company’s blog or contact Slyman Insurance Group.
Posted 1:31 PM

Tags: business, insurance, bop, business, owners, policy, commercial
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