Business Owners Policy (BOP)
General Liability plus coverage for property.
Fast, affordable coverage from America’s
leading small business insurer.
Speak with a licensed insurance agent: 1-866-283-7545
Monday – Friday, 7am – 10pm ET M–F, 7am –10pm ET
What is a Business Owners Policy?
A Business Owners Policy (BOP) is an enhanced insurance policy that combines general liability insurance and property insurance.
Many small business owners mistakenly believe that if they have general liability insurance their own losses are covered, as well as the losses of their customers. But a general liability policy does not protect you when it comes to your own property. If you want to protect your own property, consider buying a Business Owners Policy (BOP).
Why do I need a Business Owners 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, or if you have tools or equipment you rely on to do your work. 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.
How much does a Business Owners Policy cost?
The cost of a business owners policy varies based on the size of your business, the industry you are in, your location, and the amount of coverage you need.
For more information on the cost of business owners insurance coverage, visit our cost page.
| IT/Technology Consultant | Business Consultant | |
|---|---|---|
| State | CA | MA |
| Business equipment insured | $35,000 | $10,000 |
| Property deductible | $500 | $1,000 |
| General Liability Insurance per occurrence limit | $1,000,000 | $1,000,0000 |
| General Liability Insurance per aggregate limit | $2,000,000 | $2,000,000 |
| Monthly cost | $41.67/mo. | $63.50/mo. |
| Annual cost | $500 | $762 |
Quotes will vary by business depending on the size of the business, the state your business is located in, and the limits/deductions selected.
What does a Business Owners Policy cover?
General liability insurance
General liability insurance which protects your business from another person or business’ claims of bodily injury, associated medical costs and damage to their property.
Property liability insurance
Property liability insurance covers your business furniture and equipment at up to five different office locations, including accidental damage.
Customize your Business Owners Policy
Depending upon the specific needs of your business, you can customize your BOP policy by choosing options such as:
What a Business Owners Policy doesn’t cover
- Certain claims, including those arising from professional services you perform.
- Client damages if you provide inaccurate or incomplete advice to a client.
To get coverage for professional services you can choose to buy a professional liability insurance policy in addition to a Business Owners Policy.
Get Business Insurance that best meets your needs
A business owners policy will not protect you from everything. For example, business owners policy will not cover you against claims of negligence, even if it isn’t you or your business’ fault. Some people buy other businesses liability insurance along with a business owners policy.
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The basic protection for claims against your business.
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Protection for specific risks in your field.
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General Liability plus coverage for property.
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Protection from cyber-related security risks.
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Purchase coverage for a specific period of time.
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Workers Comp, Umbrella, Auto, Directors and Officers, and more.
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General
LiabilityThe basic protection for claims against your business.
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Professional
Liability (E&O)Protection for specific risks in your field.
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Business
Owners PolicyGeneral Liability plus coverage for property.
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Cyber
SecurityProtection from cyber-related security risks.
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Short-Term
LiabilityPurchase coverage for a specific period of time.
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More
CoveragesWorkers Comp, Umbrella, Auto, Directors and Officers, and more.
Why over 300,000 small businesses choose Hiscox
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Tailored
Policies customized just for you. -
Simple
Fast quotes, instant coverage, quick claims. -
Established
Supporting the courageous since 1901.
Customer reviews
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Vera
“Professional and empathic towards my needs. Clearly explained policy coverage options I did not understand. Took my call late at night, just before 10pm closing time it never rushed me.”
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Joshua
“There was a real person who was genuinely interested in my business and the decisions I was making and putting together a solution that would be most effective to my long term goals.”
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Jitin
“Simple and straightforward. Completely automated and expedient process, allowing me to get right back to doing billable work. Hiscox has nailed the process for individual consultants!”
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Cheryl
“It was fast, easy, clear, simple, direct, which are all the things that I love”
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Patrick
Great Service + Great Value.
The agent was knowledgeable, professional, thorough, and responsive. In 20 minutes I had liability coverage for my organization. Well Done!
Joshua
Cheryl
