What's typically included
Most BOPs combine general liability, commercial property, and business interruption. Exact coverages and limits vary by carrier.
Business Owner's Policy (BOP)
One policy, bundled protection: the business owner's policy.
A BOP bundles the core coverages many small businesses need into one package. Gatson Life & Financial Group helps eligible businesses nationwide compare BOP options.
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What it covers
General liability
Third-party injuries, property damage, and related legal defense.
Commercial property
Your building (if you own it), equipment, inventory, and furniture after covered losses like fire or theft.
Business interruption
Lost income and certain ongoing expenses if a covered property loss forces you to close temporarily.
Optional add-ons
Many carriers let you add coverages like equipment breakdown or data breach. Options vary by carrier.
Who needs it
Is this coverage for you?
- Small businesses with a physical location, office, or storefront
- Retail shops, restaurants, and offices
- Businesses that own equipment, inventory, or furniture
- Owners who want liability and property in one simple policy
- Businesses that fit a carrier's size and risk guidelines (varies by carrier)
Common exclusions
What it usually doesn't cover
- Workers' compensation for employee injuries
- Commercial auto for business vehicles
- Professional liability / errors & omissions
- Flood and earthquake damage, in most cases
- Cyber liability, unless added as an endorsement
Exact exclusions vary by carrier and policy. We'll walk through yours before you buy.
Know before you buy
BOP basics, explained simply.
Who qualifies
BOPs are designed for small to mid-sized businesses with lower-risk operations. Size, revenue, industry, and location rules vary by carrier.
BOP vs. buying separately
Bundling is often simpler and can be more cost-effective than separate policies. Businesses that don't qualify, or need higher limits, may buy GL and property separately.
Business interruption
If a covered loss like a fire shuts you down, business interruption can help replace lost income and pay certain bills while you rebuild. Waiting periods and limits vary by policy.
FAQ
Business owner's policy FAQ
What does a BOP include?+
Usually general liability, commercial property, and business interruption in one package. Some carriers include or offer extras. Varies by carrier.
Does my business qualify for a BOP?+
Many small businesses with lower-risk operations do. Eligibility depends on size, industry, and location, and varies by carrier.
Is a BOP cheaper than buying GL and property separately?+
Often, because the coverages are packaged. It depends on your business and the carrier, so we compare both ways.
Does a BOP include workers' comp?+
No. Workers' comp is a separate policy, and it's required in most states once you have employees.
Does a BOP cover my business vehicles?+
No. Vehicles used for business need commercial auto insurance.
Does a BOP cover professional mistakes?+
No. Errors in advice or services are covered by professional liability (E&O), which is a separate policy.
Do I need a BOP if I rent my space?+
Often yes. Your landlord's insurance covers the building, not your equipment, inventory, or liability. Many leases require you to carry liability coverage.
Does business interruption cover a shutdown from any cause?+
No. It typically applies only when a covered property loss causes the shutdown. Terms vary by carrier.
Bundle your core coverage the smart way.
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