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Best Business Owners Policy (BOP) for Small Business
A BOP bundles general liability, commercial property, and business interruption into one affordable package. Typically 20–30% cheaper than buying coverages separately.
A Business Owners Policy (BOP) is designed specifically for small to medium-sized businesses. It intelligently combines three critical coverages — general liability, commercial property, and business interruption — into one comprehensive, cost-effective package.
BOPs are ideal if you own a physical location, have business assets, and want broad protection at a competitive price. At Ellie Insurance Group, we help you find the best BOP for your business, with customization options to fit your unique needs.
BOP Coverage Comparison
See how BOP coverage stacks up for different business types.
| Feature | Professional Services | Small Retail | Contractor |
|---|---|---|---|
Typical Annual Premium Cost for bundled coverage | $600–$1,000 | $800–$1,500 | $1,200–$2,000 |
General Liability $1M/$2M limits standard | |||
Commercial Property Building and contents coverage | |||
Business Interruption Covers lost income if forced to close | |||
Medical Payments Covers third-party medical expenses | |||
Cyber Liability Optional add-on for data breach protection | |||
Employment Practices Liability Optional add-on for employment claims | |||
Customizable Limits Adjust coverage to fit your needs | |||
Savings vs. Buying Separately Typical savings from bundling | 20–30% | 20–30% | 20–30% |
Frequently Asked Questions
Common questions about these coverage options.
What does a BOP include?▼
A BOP typically includes: (1) General Liability (third-party bodily injury/property damage), (2) Commercial Property (building and contents), and (3) Business Interruption (lost income if forced to close). Some BOPs also include cyber liability.
Is a BOP cheaper than buying coverages separately?▼
Yes, usually. A BOP bundles three coverages into one policy, which typically costs 20–30% less than buying them separately. It's ideal for small to mid-sized businesses.
Who qualifies for a BOP?▼
BOPs are designed for small to medium-sized businesses with fewer than 100 employees and revenues under $5M. Some high-risk industries (contractors, manufacturers) may have limited BOP options.
Can I customize my BOP coverage?▼
Yes. You can adjust liability limits, property coverage amounts, deductibles, and add endorsements (cyber, employment practices liability, etc.) to fit your needs.
How often should I review my BOP?▼
Annually or whenever your business changes significantly (new location, expanded operations, added employees). We recommend a policy review every 12 months.
Next step
Ready to shop commercial coverage?
Talk to a commercial agent or run an instant quote online — same-day binding on most commercial submissions during business hours.