A Business Owner's Policy (BOP) is an enhanced insurance policy that combines General Liability Insurance and property insurance. Unlike General Liability coverage alone, a Business Owner’s Policy also covers the business’ property, like tools and equipment.
What does a Business Owner's Policy cover?
Third-party bodily injury
Third-party medical expenses
Personal and advertising injury
Damages to premises rented
Supplemental payments
Defense costs in addition to the policy limits
Actions of your client’s full-time employees and temporary staff
Business property (equipment used by the business and inventory)
Business income when the business cannot operate because of a covered business property loss
Third-party property damage
Fast facts about Business Owner's Policy
Admitted
$5m revenue limit
Start-up friendly
Policy documents will be sent to both you and your client
Automatic renewals after 12 months
Appetite Profile
Business Owner's Policy is available for hundreds of professions. Some of the most popular include:
Architects and engineers
Consulting
Creative
Financial services
Marketing/PR
Pet care services