A bundled insurance package that combines general liability and commercial property coverage, typically the most cost-effective starting point for small business insurance.
A Business Owner's Policy (BOP) combines general liability insurance and commercial property insurance into a single, typically discounted package. It's designed for small to medium businesses and covers two of the most fundamental risks: injury or property damage you cause to others (general liability) and damage to your own business property (commercial property).
General liability coverage in a BOP protects against claims of bodily injury (a customer slips and falls in your store), property damage (your employee accidentally damages a client's equipment), and advertising injury (someone claims you copied their marketing). Commercial property coverage protects your owned or rented business property, equipment, and inventory against fire, theft, vandalism, and other perils.
A BOP is usually the right starting point for most small businesses with a physical location or significant assets. It does not cover everything: professional liability (errors and omissions), workers' compensation, commercial auto, employment practices liability, and cyber liability are all separate policies. As your business grows, you'll need to assess which additional coverages make sense for your specific risks.