Business Owner's Policy (BOP)

General liability insurance which protects your business from another person or business’ claims of bodily injury, associated medical costs and damage to their property.

A Hiscox business owner’s policy with general liability insurance covers these situations.

• Property damage: Covers claims resulting from accidental damage to another party’s property for which the business is legally liable. Legal defense costs are also included and do not reduce the policy’s liability limits.
• Bodily injury: Provides protection if a third party—such as a customer or vendor—is injured at a business location and the business is held liable. Defense costs are included.
• Personal injury: Covers claims related to non-physical harm such as libel, slander, or reputational damage.
• Electronic data liability: Offers coverage for accidental loss of a third party’s electronic data due to physical damage to their property (e.g., a consultant’s employee damages a client’s server, causing data loss).
• Advertising injury: Responds to claims of unintentional use of a third party’s copyrighted material, slogan, or advertising idea in marketing materials.
• Damages to premises rented: Provides liability protection if a rented or short-term occupied property—such as a leased office or event space—is damaged due to fire or another covered event.
• Medical expenses: Covers medical expenses, up to $5,000 per person, if a third party is injured during business operations, regardless of fault.
• Supplemental payments: Includes reimbursement for:
  • legal expenses incurred by Hiscox to defend the insured;
  • up to $250 per day for lost income and reasonable expenses related to assisting in claim investigations.
• Defense costs: Legal defense is provided—even if allegations are groundless—with defense costs paid outside of policy limits.
• Employee actions: Extends coverage to include acts committed by full-time employees and temporary staff while acting on behalf of the business.
• Worldwide insurance coverage: Coverage applies to incidents occurring in the U.S., U.S. territories, and Canada, with limited protections available for temporary business travel abroad.

Property liability insurance, included in the BOP, covers your small business’s physical assets – including office furniture, equipment, and supplies – across up to five different business locations. Coverage includes accidental damage and loss due to covered events, helping businesses recover and resume operations quickly.