Business Owner's 
Policy (BOP)

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What is a Business Owner's Policy?

A Business Owner's 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 Owner's Policy (BOP).

Why do I need a Business Owner's Policy?

A Hiscox business owner's policy provides you with general liability insurance coverage and also protects your business with third-party protection against bodily injury, property damage, personal injury, business equipment, and more. 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 Owner's Policy cost?

The cost of a business owner's 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 owner's insurance coverage, visit our cost page.

 IT/Technology ConsultantBusiness Consultant
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 Owner's Policy cover?

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. Coverage is subject to underwriting, terms, conditions, and limits of the policy.

Customize your Business Owner's Policy

Depending upon the specific needs of your business, you can customize your BOP policy by choosing options such as:

What a Business Owner's Policy doesn’t cover

  • Use of vehicles and boats: We won't cover any claims arising out of the ownership or use of an automobile or a watercraft.
  • Personally identifiable information: We won’t cover your failure to protect any personally identifiable information that is in your care, custody or control.
  • Your property: We won’t cover claims for damage to property you own or the property of others you may have in your care, custody or control.
  • Client damages: if you provide inaccurate or incomplete advice to a client.
  • Professional Services: Your Hiscox general liability policy will not cover any professional services performed by you. To obtain coverage for your services, please see our coverage page for professional liability insurance.

To get coverage for professional services you can choose to buy a professional liability insurance policy in addition to a Business Owner's Policy.

See more Business Owner Policy FAQs

Get Business Insurance that best meets your needs

A business owner's policy will not protect you from everything. For example, business owner's policy will not cover you against claims of negligence, even if it isn’t your or your business’ fault. Some people buy other business liability insurance along with a business owner's policy.

  • General

    The basic protection for claims against your business.

  • Professional
    Liability (E&O)

    Protection for specific risks in your field.

  • Business
    Owners Policy

    General Liability plus coverage for property.

  • Cyber

    Protection from cyber-related security risks.

  • Workers

    Protection for employees who are injured or become ill on the job.

  • Short-Term

    Purchase coverage for a specific period of time.

  • Medical
    Malpractice (E&O)

    Protection for claims against your medical practice.

  • More

    Umbrella, Auto, Directors and Officers, and more.

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Why over 500,000 small businesses choose Hiscox

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    Policies customized just for you.

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    Fast quotes, instant coverage, quick claims.

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    Supporting the courageous since 1901.

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