Business Owner's Policy (BOP)
Comprehensive Coverage for Businesses
As a business owner, you face countless risks that could derail your operations and jeopardize your future success. Don't go unprotected - secure tailored coverage through a business owner's policy from Pacific Edge Insurance. Our insurance experts will work with you to customize an affordable BOP that bundles essential general liability, commercial property, and business income protection. We'll also reinforce your policy with any additional endorsements your unique operations require.
With a business owners policy from Pacific Edge, you get robust insurance designed specifically for your business exposures - all at a low bundled rate. We'll help you maximize coverage while capitalizing on cost-saving opportunities. Take the first step towards protecting your business by requesting your free business owners policy quote from our agency today. Our dedicated agents will guide you in securing the tailored protection and peace of mind you need to safeguard your California business.
What is aBusiness Owner's Policy (BOP)?
A business owner's policy, or BOP insurance, is a bundled package designed for small to medium-sized businesses. It combines three core coverage types - general liability, commercial property, and business income insurance - into one convenient policy. This integrated approach helps business owners maximize protection while saving money compared to purchasing each policy separately.
What Does a Business Owner's Policy Cover?
Typical coverages in a business owner's policy (BOP) include:
- General Liability Insurance
- Bodily injury and property damage liability
- Personal and advertising injury liability
- Products and completed operations liability
- Commercial Property Insurance
- Buildings and business personal property
- Loss of income/business interruption
- Extra expense coverage
- Equipment Breakdown Coverage
- Repairs for mechanical and electrical equipment breakdowns
- Crime Insurance
- Employee dishonesty/theft by employees
- Forgery and alteration
- Money and securities
What Coverages Can Be Included in a BOP?
While BOPs provide broad protection for common risks, many businesses opt to further customize their policy with useful add-ons. Common BOP endorsements include professional liability, cyber liability, employment practices liability, commercial auto, workers' compensation, equipment breakdown, crime, and more. Adding these expanded coverages to your bundled BOP ensures you have essential safeguards based on your unique operations and exposures. This provides the best insurance for small business owners.
How Much Does a Business Owner's Policy Cost in California?
BOP costs can vary significantly for California businesses based on your industry risk, location, number of employees, selected coverages/limits, claims history, and other underwriting factors. Approximate annual premiums might range from $500 for a low-risk professional service to $2,000 or more for a higher-risk company. By bundling insurance through a BOP, small businesses can often secure robust coverage at lower rates versus purchasing separate policies.