Business Owners Policy (BOP)
Definition. A Business Owners Policy (BOP) bundles General Liability + Commercial Property + Business Income into one policy, typically at a 10-15% discount vs buying separately.
Also known as: Business Owners Policy, Business Owner's Policy, BOP Insurance
The BOP is the most popular small-business commercial insurance product. It packages the three coverages most small businesses need anyway — third-party liability, your own property/equipment/inventory, and lost-revenue coverage when a covered event shuts you down. BOPs are eligibility-capped (typically $3M-$10M revenue) and simplified-underwriting for fast bind.
BOPs do NOT include Workers Comp, Commercial Auto, Professional Liability, or Cyber by default.
Example
A small retail shop owner buys one BOP covering slip-and-fall claims (GL), the building contents (Property), and 12 months of lost revenue if a fire forces closure (Business Income).
Sources cited
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Reviewed by California-licensed Property & Casualty insurance agent
Jason Wootton (CA License #0I94454). Not insurance advice, an individual recommendation, or a solicitation in any state. Insurance regulations vary by state. For specific coverage decisions, consult a licensed insurance agent in your state.
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