The Business Owners Policy


The businessowners policy (BOP) is a commercial package policy that provides property and liability coverage to certain types of small businesses. Most commercial insurance companies that offer BOP policies have prepackaged coverage that is typically desired by small businesses.

Eligibility rules for BOP policies are more strict than other commercial insurance policies; however, they can be a more cost-effective option for the businesses that qualify because they provide a bundle of coverage.

The BOP policy is similar to a homeowners in that it provides three coverage parts: property, liability, and additional coverages. Purchasing a BOP policy does not mean that you do not need workers compensation insurance or other additional forms of coverage for your business. It is a way for small businesses to effectively bundle needed and useful coverage at a lower cost than purchasing each coverage piece individually.

If you own a small business or are looking to start a small business, then let us help you find a coverage plan that suits your needs!

Insurance services provided through Bradshaw & Weil, Inc Insurance & Financial Planning. Any and all other services related to insurance are an outside business activity and are not offered through or supervised by AE Wealth Management, LLC.

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