Business Owners Policy (BOP)

General Liability plus coverage for property.

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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.

See more Business Owner Policy FAQs

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.

  • General
    Liability

    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
    Security

    Protection from cyber-related security risks.

  • Short-Term
    Liability

    Purchase coverage for a specific period of time.

  • More
    Coverages

    Workers Comp, Umbrella, Auto, Directors and Officers, and more.

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Why over 300,000 small businesses choose Hiscox

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    Tailored
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    Supporting the courageous since 1901.

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