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Business Owners Policy for Florida Businesses
Business Owners Policy bundling general liability, property, and business income for eligible Florida operations.
A Business Owners Policy, often called a BOP, combines several common commercial insurance coverages into one package designed for many small and mid-size businesses. A BOP usually combines general liability with commercial property coverage and includes business income coverage that may help when a covered loss interrupts the business.
At a Glance
- Bundles
- GL + Property + BI
- Best for
- SMBs to ~$5M revenue
- Bundle discount
- Typically 10–20%
- Add-ons
- Cyber, HNOA, EPLI
Quick answer
A business owners policy (BOP) bundles commercial general liability, commercial property, and business income (interruption) coverage into one cost-effective package built for small to mid-sized businesses — usually 10–20% cheaper than buying the lines separately. Ellie Insurance Group is an independent agency (founded 2014, Tampa, Florida) that shops 100+ carrier markets to place a BOP matched to your class and revenue, extendable with cyber, EPLI, or hired/non-owned auto. As an independent broker we compare real quotes side by side; start an Instant Quote and a licensed agent shops your BOP for you.
Who needs this
Who the BOP is built for
Service businesses with a small location
Offices, salons, studios, small clinics — typical BOP target market.
Retailers and storefronts
Boutiques, gift shops, small specialty retail — property + GL bundled at a discount.
Restaurants and cafes
Most carriers offer restaurant-specific BOPs with food contamination and equipment breakdown built in.
Light contractors
Some carriers BOP small contractor risks; larger trades belong on a CPP.
Professional offices
Accounting, law, consulting — pair with Professional Liability.
Wholesalers and small manufacturers
Under ~$5M revenue and modest property — qualify for many carrier BOPs.
What it covers
What a BOP typically includes
- Commercial General Liability
Same GL coverage as a standalone policy, with $1M/$2M as the standard limit.
- Commercial Property
Building (if owned), business personal property, and tenant improvements.
- Business Income & Extra Expense
Most BOPs include 12 months of business income with no separate limit.
- Equipment Breakdown
Included or low-cost endorsement — covers mechanical/electrical breakdown.
- Hired & Non-Owned Auto (optional)
Common endorsement to handle employee driving on company business.
- Cyber Liability (optional)
First-party and third-party cyber coverage available as an endorsement.
- EPLI (optional)
Employment Practices Liability available as an endorsement on most BOPs.
What it doesn't cover
What the BOP won't cover
- Owned commercial vehicles (need Commercial Auto)
- Workers' compensation (separate statutory policy)
- Professional liability / errors & omissions
- Flood and earthquake (separate)
- Pollution and environmental liability
- Operations excluded by class (some contracting, trucking, etc.)
- Crime / employee theft above small included sublimits
Cost drivers
What drives BOP pricing
Industry class code
The biggest single factor — eligibility and rate both change by class.
Revenue & payroll
BOP rates are usually applied to revenue and payroll.
Property values
Building, BPP, and TIB limits drive the property half of the bundle.
Location quality
Construction, protection class, and CAT exposure all matter.
Claim history
Three clean years unlocks preferred BOP markets.
Endorsement selection
Cyber, HNOA, EPLI add cost — but usually less than buying them standalone.
Quote checklist
What we'll need to quote a BOP
- Operations description and revenue
- Years in business and ownership
- Property address and building info
- Building / BPP / business income limits
- Employee count and payroll
- Subcontractor expense (if any)
- Loss runs for prior 3–5 years
- Desired endorsements (cyber, HNOA, EPLI)
Not sure whether a BOP or separate policies fit your Florida business?
FAQ
Frequently Asked Questions
- A BOP usually combines general liability with commercial property coverage on one policy. It commonly includes business income coverage to help replace lost income when a covered loss interrupts operations. Most BOPs also include certain default endorsements such as equipment breakdown, employee dishonesty sub-limits, and limited coverage for certain types of contents.
- BOPs are designed for many small and mid-size Florida businesses, including small offices, retailers, light contractors, certain restaurants, professional services, real estate offices, and similar operations. The right answer depends on industry, revenue, location, prior claims, and contract requirements. Some businesses outgrow a BOP and need a commercial package policy instead.
- A BOP usually does not include workers' compensation, commercial auto for owned vehicles, professional liability, employment practices liability, cyber, and certain larger property exposures, and may exclude flood, earthquake, and certain wind in some areas. Some of these can be added by endorsement, while others belong on separate policies.
- Pricing depends on the business class, sales, payroll, property values, location, prior claims, and the limits selected. Carriers also consider construction, occupancy, protection class, and Florida-specific factors such as wind exposure and roof age. A BOP can be more efficient than buying separate policies, but only when the business fits the carrier's BOP appetite.
- Most BOP submissions need the legal business name, operations description, locations, sales, payroll, property values, prior insurance, claims history, employee count, and contract requirements. Restaurants, retail, and contractors often share additional information specific to their industry, such as menu and seating, inventory, or job types.
- Yes. The agency works with access to 100+ carrier markets, which can help when an account does not fit a single carrier's BOP appetite. Some carriers focus on small offices and retail, others on contractor BOPs, and others on hospitality, so broader access helps the agent shop available options on the client's behalf.
- Yes. Ellie Insurance Group serves businesses in Tampa, Brooksville, and across Florida, where Florida-specific underwriting factors apply to BOP placements. The agency is headquartered in Tampa, FL and supports owners with operations in more than one state.
Keep reading
Explore related coverage
General Liability
The liability portion of a BOP.
Commercial Property
The property portion of a BOP.
Cyber Liability
Critical add-on for any data-handling business.
Workers' Comp
Required separately for operations with employees.
EPLI
Often a smart BOP add-on.
BOP vs CPP
When to step up to a Commercial Package Policy.
BOP Insurance Cost Guide
What does a BOP cost? Rates, factors, and savings tips.
Sources
Authoritative references
Coverage descriptions and regulatory figures on this page are general summaries reviewed against the references above and are not a statement of coverage, legal advice, or a guarantee of eligibility or price. Last reviewed . Requirements and policy terms change — always confirm current rules with the relevant agency and verify coverage against the actual policy and a licensed agent.
Related articles
Deeper reading on this coverage
Cost benchmarks
General Liability Insurance Cost: Real Benchmarks for 2026
Per-industry GL benchmarks: what contractors, retail, restaurants, and pros really pay — and what drives the price up or down.
Operations
Business Insurance Checklist: A 12-Point Annual Review
A 12-point checklist for a real annual review — not a quote shop.
Starter guides
Small Business Insurance Guide: The First Four Policies You Need
The first four policies most operations actually need — and which lines are optional until you grow into them.
Reference
Commercial Insurance FAQ: 100+ Questions Every Owner Asks
Twenty-five plain-English answers to the questions every business owner asks before binding coverage.
Carrier access
Access to 100+ A-rated commercial markets
As an independent agency we shop 100+ admitted and surplus-lines carrier markets — so the carrier competes for your business, not the other way around.
+77 more
Next step
Start an Instant Quote for a Business Owners Policy
Send the operations description, locations, sales, payroll, property values, prior insurance, claims history, and any contract requirements, and an Ellie agent can shop BOP options across carriers on your behalf and discuss whether a BOP or separate policies fit better.