Business Owners Policy Insurance
Quick answer: A business owners policy (BOP) packages commercial property and general liability coverage, usually with business income coverage, into one policy for eligible small and mid-sized businesses. Options can include on-site equipment, inventory and crime coverage. Not every business qualifies, so a licensed producer checks eligibility first.
A Business Owners Policy is a customized, combined package of insurance coverages to protect your business from major property and liability risks as well as events that might interrupt your business. As a business owner, “time is money” and we can save you both by helping you create a Business Owners Policy that’s the right fit for your business and your budget.
The proper Business Owners Policy can keep your day-to-day operations protected with options such as:
- Products and Completed Operations
- Premises Liability
- Premises Medical
- Fire Legal Liability
- Business Income Insurance
- Building and Personal Property Protection
- On-Site Equipment Insurance
- Coverage for Inventory Loss
- Crime Insurance
Is your business eligible?
Since Business Owners Policies apply only to special types of businesses with specific needs, operations, and risks, it’s important to speak with a specialist at Lions & Coventry Insurance Services who can help you determine whether a BOP is right for your small or medium-sized business. Contact us today!
Talk to a licensed producer: call (916) 967-7715 or request a quote online. Lions & Coventry Insurance Services, Est. 2009, CA Lic. #0G22084.
Business owners policy FAQ
What does a business owners policy cover?
A BOP combines property and liability protection in one package. Depending on the carrier and your business, it can include premises liability, products and completed operations, premises medical payments, fire legal liability, business income, building and business personal property, on-site equipment, inventory loss and crime coverage.
Who is eligible for a business owners policy?
BOPs are designed for small and medium-sized businesses with fairly standard operations and risks, such as many offices, shops and service businesses. Each carrier sets its own eligibility rules by business type, size and operations, and higher-hazard operations may need separate commercial policies instead.
What does a BOP usually not cover?
A BOP usually does not include workers’ compensation, professional liability (errors and omissions) or business vehicle coverage. Those are written as separate policies, such as workers’ compensation, errors and omissions insurance and business vehicle insurance.
What information do I need for a BOP quote?
Have your business name and type of operation, years in business, locations, whether you own or lease each building and its construction details, the value of your building, equipment and inventory, annual revenue, number of employees, any lease insurance requirements and your prior claims history.
What drives the price of a business owners policy, and how do I get a quote?
Price depends on your type of business, your location, building and contents values, annual revenue, the options and limits you choose, your deductible, and your claims history, so we do not publish rates. Call (916) 967-7715 or send your details through our contact page, and a licensed producer will review your business and shop the coverage with carriers that write business owners policies.
Related coverage: Commercial property insurance · General liability insurance · Crime insurance · Equipment insurance · Business insurance · Contact us
Brokerage guidance, not legal advice. Coverage depends on the policy form, underwriting and carrier availability.