Business Owners' Policy (BOP)
A business owners’ policy (BOP) combines business property and business liability insurance into one business insurance policy. BOP insurance helps cover your business from claims resulting from things like fire, theft or other covered disasters. Business owners’ insurance also helps cover claims that could arise from your business operations. These include claims of bodily injury or property damage. They also include claims related to personal and advertising injury.
Businesses can tailor their business owners’ policy to help meet their unique needs by adding optional coverages, like:
- Data breach
- Business income for off-premises utility services
- Other specialized policies
The 2 main coverages provided in a BOP are liability and property coverages.
Liability
- Product-related claims
- Customer injury
- Advertising injury
Property
- Commercial buildings
- Movable property
- Debris Removal
- Loss of income and pollution cleanup as part of a covered loss
- Policy endorsements that can extend coverage to cover exclusions
Here are some examples:
- Bodily injury or property damage liability (e.g., you spill water on a client’s computer causing damage)
- Defense costs for covered liability losses (e.g., libel and slander)
- Protection for business furniture and equipment (e.g., chairs, desks, and computers)
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Sed rhoncus facilisis purus, at accumsan purus sagittis vitae. Nullam acelit at eros imperdiet pulvinar velut nisl. Pellentesque sit placerat neque amet sapien semper tempus. sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
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