Business Owner’s Policy (BOP) is a commercial package policy designed for small and mid-sized businesses. It packages together Property coverage and General Liability into a single policy with a common declarations page and policy conditions.
Insurance companies often develop custom BOP packages which include additional optional policies for specific businesses that generally face the same type and level of risk. These additional coverages may include:
- Crime coverage
- Business Interruption
- Outdoor sign coverage
- Exterior grade floor glass coverage
- Employee dishonesty coverage
- Boiler and machinery coverage
- Builders Risk coverage
- Terrorism coverage
It is important to review package policies to ensure there are no gaps and purchase standalone policies to supplement coverage as necessary for your unique business needs.