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Business Insurance Guide

Updated: May 1, 2026Written byRai AntonioReviewed byDavid Krug
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● Business Insurance

Live business rates from the carriers we've reviewed. Carriers pay us only when you switch.

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What is a BOP (Business Owners Policy)?

How BOPs bundle the core coverages most small businesses need.

A Business Owners Policy (BOP) is a bundled insurance package designed for small businesses. It typically combines three core coverages at a discounted rate vs. buying separately.

What’s included

1. General liability: covers third-party bodily injury and property damage from your operations.

2. Commercial property: covers your business’s physical assets — buildings, equipment, inventory, furniture, electronics.

3. Business interruption / income: replaces lost income if a covered loss forces you to suspend operations.

What’s NOT included (typically)

  • Professional liability / E&O — usually a separate policy
  • Workers’ compensation — required by law in most states, separate
  • Commercial auto — separate policy
  • Cyber liability — usually a separate add-on
  • Employment practices liability — separate

Some BOPs let you add these as endorsements; others require separate policies.

Who qualifies for a BOP

BOPs are designed for low-to-medium-risk small businesses. Carriers typically require:

  • Annual revenue under $1M-$10M (varies)
  • Limited employee count
  • Lower-risk industry (office-based services, retail, light manufacturing, food service often qualify)
  • Owned or leased premises

High-risk industries (construction, manufacturing with heavy machinery, healthcare) typically need custom commercial policies instead.

Typical pricing

A BOP for a small office-based business runs $500-$1,500/year. For retail or service businesses with foot traffic, $1,000-$3,000/year is common.

The bundled discount vs. buying GL + property + business interruption separately is typically 15-25%.

How to compare BOPs

When comparing BOPs from different carriers:

  1. Coverage limits — what’s the per-occurrence and aggregate limit?
  2. Deductibles — for property losses
  3. Exclusions — what’s specifically excluded?
  4. Business interruption terms — how is “loss of income” calculated?
  5. Endorsements available — can you add cyber, EPLI, etc.?

The Hartford, Hiscox, Next Insurance, and biBERK are common BOP providers for small businesses.