What is Business Owners Policy Insurance?

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Below are some common questions about our business owners policy, also known as business owners insurance. If you have other questions or wish to discuss our policy, please contact one of our licensed advisors either by phone at 1-866-283-7545 (Monday – Friday, 7am – 10pm ET) or by emailing us at [email protected].

Why should I choose a Hiscox business owners insurance policy?

A Hiscox business owners policy provides you with general liability coverage and also protects your business equipment. You should also consider this policy if you own your office building, as it may be covered as well. Even better, you can customize your policy with our policy upgrades, which gives you the right coverage at a great price as you only pay for what you really need. No more, no less.

Why is the Hiscox online process so much simpler?

We understand that your time is money. We specialize in insurance for professional services businesses, so we understand the risks you face. This lets us simplify our quote-and-buy process and focus on the questions that only apply to your business. Other insurers applications are typically designed to cover all types of industries outside of professional services (e.g., restaurants, shops, mechanics, etc.), all of which have very different types of risks and exposures.We only ask you the questions relevant to your business, making the process quicker and more straightforward, whether it's the online process, or over the phone. Get started on your business owners insurance quote now.

What are the benefits of buying BOP insurance directly from Hiscox?

When you buy direct, you deal directly with Hiscox. Our licensed small business insurance advisors only focus only on professional-services businesses like yours. This means you speak to a knowledgeable specialist who can deliver personalized recommendations about the insurance you need in your specific profession.

With Hiscox you get great value as well as excellent service. Buying direct is a simple process that allows you to get the right coverage at a competitive price.

To what types of businesses can you offer business owners insurance to?

Hiscox BOP insurance covers most types of professional services businesses with 10 employees or less. This includes IT/technology consultants, marketing consultants, and business or management consultants. We’ll also happily insure recruiters, PR specialists, graphic designers, photographers, interior designers and other types of service professionals. If you don’t see your specific business type on this list, contact us to find out if we can provide business owners insurance coverage for your business.

What do I need to get a BOP insurance quote?

The quote process is simple, whether you go online or call a licensed advisor at 1-866-283-7545 (Monday – Friday, 7am – 10pm ET). We’ll ask you for some basic information about your business, previous claims, type of business, etc.

Learn more and start the small business insurance quote process now.

How can I save money on my business owners insurance?

Buying this type of insurance directly from Hiscox means you enjoy greater overall value. We like to reward businesses that actively manage their risk. Depending on your specific business, you will be asked questions about the types of risk management practices you employ, allowing us to offer rate reductions to those who actively reduce their chances of suffering a loss.

We also offer customers up to a 5% rate reduction if you buy two or more Hiscox insurance products. Also, by choosing a higher deductible (the initial amount you pay for each loss), you can also lower your premium. It’s only fair, as you’re taking on more of the risk.

How much does a BOP insurance cost?

Business owners insurance policy premiums vary depending on the location and size of your business, your occupation, the types of activities you conduct and the risk management practices you employ. However, our minimum premiums start from as little as $400 per year. See this page for more examples of business owners policy quotes, or get a simple, no-obligation quote for your business now.

Is BOP insurance available in my state?

BOP is currently available in 43 states plus DC.* Call for a quote.

*Coming soon to AK, DE, FL, KS, RI, WA, and WV. If you’re in one of these states, we still may be able to help through our network of insurance broker specialists. Call a licensed advisor at 1-866-283-7545, Monday – Friday, 7am – 10pm ET.

What should I do if I need to make a claim?

You can report a claim 24 hours a day, 7 days a week. Just call us at 866-424-8508 or send us an email at [email protected] and an advisor will get back to you as quickly as possible. We’ll advise you on what to do and, if necessary, appoint a lawyer on your behalf.

What payment options exist for my business owners policy?

Hiscox offers a range of payment options, including debit and credit card (Visa, MasterCard and American Express) payment. You can also choose to pay the full amount in one lump sum each year or pay monthly (with no fees added).

What deductible options do you offer?

For our business owners insurance, we offer a range of deductible options. This is the amount you must pay on each claim before the policy pays out. These range from $500 to $10,000 for any building or business-equipment related loss. The higher the deductible, the lower your premium, since you take on more of the risk. Get a quote online and select different deductible amounts to see how they affect your premium. Any claim relating to the general liability insurance section of your policy has no deductible.

What happens if I cancel my policy?

You can cancel your Hiscox policy at any time and we will refund any premium owed to you. However, as soon as you cancel your policy, you will no longer have any protection in place for potential claims and/or losses.

Does a Hiscox business owners policy cover work completed by temporary staff?

Yes. Claims arising from actions by full-time and temporary staff are covered.

Get a fast, free quote now and get that Hiscox confidence behind your business. If you prefer, you can call us at 1-866-283-7545 and speak with a Hiscox licensed agent,Monday – Friday, 7am – 10pm ET.

Hiscox Customer Reviews

Hiscox rated 4.7/5
Rated 4.7/5

Jack, Statesville, NC

“Made our decision easy and we feel we can rely on Hiscox”

Very helpful and answered all questions that we had


Frank, Plano, TX

“Easy, accessible and affordable service. Thanks”

Very smooth. We needed only to make a few adjustments for my client and the deal was done.


Sherrie, Indiana

“Very simple process!”

Took a daunting task in the past and made it easy to understand and simple to purchase.


Henry, Nashville, TN

“Highly recommended”

The service is straight forward, and quite easy to use, research, and purchase.


Jessica, New Jersey

“Very happy”

Everything was explained well enough for a person who is clueless as to what they are doing!!! I would recommend Hiscox


Newt, Chicago, IL

“Totally pro, informed, and efficient experience”

Totally pro, informed and efficient experience.


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This information is provided to assist you in understanding the coverage we offer and does not modify the terms and conditions of any insurance policy, nor does it imply that any claim is covered. Coverages are subject to underwriting and may not be available in all states.