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.

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

Business owner policy 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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