A Business Owners Policy, commonly called a BOP, combines several important business coverages into one policy.
Depending on the insurer, a BOP may include:
General Liability
Protection against qualifying third-party liability claims.
Business Personal Property
Coverage for qualifying business-owned property such as:
- Furniture
- Computers
- Equipment
- Inventory
- Supplies
Business Income
May help replace qualifying lost income when the business cannot operate because of a covered property loss.
Building Coverage
May be included if the business owns the building.
A BOP may also offer endorsements for additional exposures.