Business Owner's Policy Insurance
Help protect your business with a Business Owner’s Policy (BOP) that simplifies coverage by bundling liability and property coverage—built for small and growing businesses.
Help protect your business with a Business Owner’s Policy (BOP) that simplifies coverage by bundling liability and property coverage—built for small and growing businesses.
A business owner's policy (BOP) combines property and liability insurance by packaging these coverages into a single insurance policy. BOP insurance helps cover claims of bodily injury or property damage and is often a good choice for small and medium-sized businesses, such as restaurants, wholesalers or retail shops.
Get your free business owner's policy quote, learn more about business insurance, and see how we can help create a plan that works for your business.
The 2 main coverages provided in a BOP are liability and property coverages.
Liability
Property
Business owner policy examples
Insurance for business owners may be beneficial for you if:
You have a building or property to protect. For example, your business' building or property is destroyed due to a covered loss, like a fire or theft. A Business owner's policy could help pay to repair or replace an owned building. It could also help replace destroyed personal business property, up to the limits you pick.
A BOP is useful for small business such as:
Still have questions? We're here to help you. Still aren't sure if a BOP is right for your business? Feel free to contact us. Our licensed agents will walk you through the process.
The cost of BOP policies depends on several factors that reflect the unique risks and needs of your business. These include location, industry, business size, the value of your physical assets, the number of employees, the nature of your operations, and the coverage limits you choose.
For example, a retail store with a high inventory value will typically pay more than a small consulting firm with minimal physical assets. Similarly, a business in an area prone to natural disasters or higher crime rates may face higher premiums than one in a low-crime area.
What May Impact the Cost of a Business Owner's Policy (BOP)?
Customizing your Business Owner's Policy (BOP) Insurance to fit your business' specific needs is the best way to get the right coverage at a price that works for you.
This insurance helps protect vehicles that your business owns, leases, or uses for work-related purposes. It typically provides coverage for:
Commercial auto insurance can help ensure you stay protected when driving for business and may be required for certain contracts or types of work.
Learn more about protecting your business with GEICO. Call GEICO to get started today!
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