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Business Owners Policy (BOP) Cost
A BOP bundles general liability, commercial property, and business interruption into one affordable package. Typical premiums range from $600–$2,500+ annually.
Typical Cost Ranges by Business Type
These ranges are estimates based on common business profiles. Your actual premium depends on your specific operation, location, and risk profile.
| Business Type | Low End | High End | Key Factors |
|---|---|---|---|
| Small Retail ($100K property) | $600–$900/yr | $1,200–$1,800/yr | location, employees, revenue |
| Professional Services ($50K property) | $500–$800/yr | $1,000–$1,500/yr | client interaction, office location, staff size |
| Contractor ($150K property) | $900–$1,400/yr | $1,800–$2,800/yr | jobsite hazards, equipment, subcontractors |
| Manufacturing / Warehouse ($300K+ property) | $1,500–$2,500/yr | $3,500–$6,000+/yr | machinery, inventory, employee count |
Estimate Disclaimer
These cost ranges are for informational purposes only and do not constitute a quote or price guarantee. Actual premiums vary based on underwriting, claims history, location, and many other factors. Contact Ellie Insurance Group for a personalized quote.
What Affects Your Premium
Insurance companies consider many factors when calculating your rate.
- 1Business classification and industry — higher-risk industries cost more.
- 2Annual revenue — larger businesses typically pay higher premiums.
- 3Number of employees — more staff increases exposure.
- 4Property value — higher building and contents values increase premium.
- 5Location and zip code — urban and high-loss areas cost more.
- 6Prior claims history — clean record earns better rates.
- 7Safety programs — loss-prevention measures earn discounts.
- 8Coverage limits — higher liability limits increase cost.
Frequently Asked Questions
Common questions about coverage costs and pricing.
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.
Related Coverages
Explore other commercial insurance lines that complement this coverage.
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.