Business Owners Policy (BOP) Insurance for Small Businesses
A Business Owners Policy (BOP) is a bundled business insurance policy that typically combines general liability insurance, commercial property insurance, and business interruption coverage into a single policy designed for small and midsize businesses.
What a BOP typically includes
- General liability insurance
- Commercial property insurance
- Business interruption / business income coverage
What a BOP does not cover
- Professional liability (errors & omissions)
- Workers’ compensation
- Commercial auto insurance
- Cyber insurance (unless added by endorsement)
Coverage details in a Business Owners Policy
General liability insurance
Covers bodily injury, property damage, and related legal costs if your business is held responsible for harm to others.
Commercial property insurance
Covers your building (if owned) and business personal property such as equipment, inventory, and furniture against covered perils like fire or theft.
Business interruption insurance
Helps replace lost income and pay ongoing expenses if a covered loss forces your business to temporarily close.
Business owners policy explainer video
Watch a short overview explaining how a Business Owners Policy works and when it may be a good fit for your business.
Securing small businesses with a business owners policy
Who is a Business Owners Policy best for?
A Business Owners Policy is typically a good fit for small businesses that:
- Operate from a physical location (including home-based businesses)
- Own business personal property such as equipment, inventory, or furniture
- Face customer or third-party liability risks
- Want multiple core coverages bundled into one policy
Businesses with higher-risk operations such as heavy manufacturing, large-scale food production, or businesses with extensive commercial auto exposure may not qualify for a standard BOP.
Business Owners Policy eligibility with Coterie*
- 50 or fewer employees (max. 15 for contractors)
- $10 million or less in annual revenue (max $5 million for contractors)
You’ve worked hard to start and grow your small business and know insurance can protect all your hard work.
Who should consider a Business Owners Policy?
A BOP is often a good option for small and midsize businesses that want foundational business insurance in one policy. Examples include offices, retail shops, service providers, and home-based businesses.
Common questions about Business Owners Policies
Business owners policies are designed to be custom-tailored to meet the unique needs of your small business. In addition to choosing the type of coverage you want and need, you can add optional endorsements to extend your policy’s coverage to protect against a broader range of risks and perils.
Let’s break down some of the common questions about a Business Owners Policy.
A business owners policy (BOP) is an insurance policy that bundles general liability, commercial property, and business interruption coverage into one policy for small businesses.
A BOP typically covers third-party injury and property damage, damage to your business property, and lost income if your business is temporarily unable to operate due to a covered loss.
No. General liability is one part of a BOP. A BOP also includes commercial property coverage and may include business interruption insurance.
No. Professional liability insurance is usually not included in a BOP and must be purchased separately.
No. Workers’ compensation insurance is separate from a BOP and is often required by state law.
Yes. Forming an LLC does not replace the need for business insurance. A BOP helps protect the business itself from common risks.
Coverage needs vary based on business size, industry, revenue, property value, and risk exposure.
Small business insurance without the hassle.
Spending time answering question after question about your business just to obtain the insurance you need is simply a waste of time. That’s why we’ve made this process both seamless and stress-free. Coterie offers Business Owners Policies for small businesses that can be purchased on a monthly, or annual basis.
*This above information is intended to provide a general summary of Coterie’s products and services. The information contained on this page is for informational purposes only and does not in any way amend, alter, or extend any policy of insurance or guarantee any specific price, quote or coverage. For a complete understanding of the coverage available, please consult the terms, conditions, definitions, and exclusions of your insurance policy. Please be advised that all products and coverages referenced herein may not be available in all states or to all customers. Please see Coterie’s Terms & Conditions and Privacy Policy for more information.
