Business Owners Policy (BOP) Insurance
Comprehensive Protection for Your Business
A Business Owners Policy (BOP) combines essential coverages into one convenient package. It protects property, liability & lost income, ensuring businesses stay operational after unexpected events. Whether you own a small business, retail store, or office space, a BOP offers affordable, broad protection that helps reduce financial risks.
Why Your Business Needs a BOP
A BOP combines multiple coverages into one, making it a cost-effective insurance solution for small & mid-sized businesses.
Unexpected events like fires, theft, or lawsuits can lead to significant financial losses without proper protection.
Many landlords & clients require proof of business insurance, and a BOP fulfills these needs efficiently.
Unlike standalone policies, a BOP simplifies coverage management, reducing costs & ensuring streamlined protection for business operations.
Comprehensive Coverage in One Policy
A Business Owners Policy (BOP) is a bundled insurance package that includes property, liability & business interruption insurance. It’s designed for small & mid-sized businesses, offering a cost-effective way to manage multiple risks in one policy.
BOP coverage protects against property damage, lawsuits & income loss due to unforeseen events like fires, storms & vandalism. This policy ensures that businesses can recover quickly without significant financial strain.
Customization is available, allowing businesses to add cyber liability, equipment breakdown & other specialized coverages. A tailored policy helps meet unique business needs, ensuring complete protection.
75%
75% of small businesses are underinsured, leaving them vulnerable to financial losses.
Source: National Association of Insurance Commissioners
60%
60% of businesses that experience data breaches don’t recover financially.
Source: U.S. Small Business Administration
40%
More than 40% of businesses close permanently after a major disaster.
Source: Federal Emergency Management Agency
Frequently Asked Questions
Your Questions About Business Owners Policies
A BOP is a smart investment for small businesses, but choosing the right coverage can be complex. Here are answers to common questions.
What does a Business Owners Policy cover?
A BOP includes property insurance, general liability & business interruption coverage. It protects against fire, theft, customer injuries & lost revenue due to covered incidents. Business owners can also customize their policy with additional coverages like cyber liability or data breach protection.
Who qualifies for a BOP?
BOPs are designed for small & mid-sized businesses that meet certain requirements, such as having fewer than 100 employees & operating in a low-risk industry. Businesses that own commercial property or rely on physical assets often benefit the most from BOP coverage.
How does business interruption insurance work?
This coverage replaces lost income when a business is forced to temporarily close due to a covered event like a fire or storm. It helps cover payroll, rent & operating expenses, keeping businesses financially stable during recovery.
Can I add extra coverage to my BOP?
Yes! BOPs can be customized with additional protections like equipment breakdown, crime coverage, or professional liability insurance. Businesses with specialized risks can add tailored policies for full coverage.
How much does a Business Owners Policy cost?
BOP premiums vary based on business size, industry, location & coverage limits. On average, small businesses pay between $500–$3,500 per year for a BOP, but pricing depends on individual risk factors.
Comprehensive Coverage, Simplified
Streamline your protection with a Business Owner's Policy tailored for entrepreneurs. Peters Insurance offers efficient, all-in-one solutions designed to safeguard your assets and minimize risks. Let us simplify your coverage, so you can focus on what truly matters—growing your business.
