Business Owners Policy (BOP)

Bundled General Liability and Property for small businesses, often with Business Income.

Overview

A BOP is a cost‑effective package combining General Liability and Business Property. It is ideal for main‑street businesses like offices, retail, and restaurants. Optional coverages include Equipment Breakdown and Business Income with Extra Expense.

Key Features

  • GL + Property + BI/EE in one form
  • Replacement Cost or ACV
  • Equipment Breakdown
  • Spoilage & Utility Services
  • Automatic seasonal increase

Eligibility & Required Documents

Eligibility

  • Up to 50,000 sq ft (location‑dependent)
  • Sprinklered preferred for large mercantile
  • Updated utilities for older buildings

Documents

  • Property schedule (address, size, construction)
  • Tenant improvements list
  • Equipment list (if critical)
  • 3‑5 year loss runs

Frequently Asked Questions

Can I schedule multiple locations?

Yes, a BOP can include multiple premises with separate limits if needed.