Business Owners Policy
A Business Owner’s Policy, commonly called a BOP, combines several core insurance coverages into a single, streamlined policy. This option is often used by small to mid-sized businesses across California that want broad protection without managing multiple separate policies. A BOP can help address common risks tied to operating a physical location, working with customers, or storing equipment, inventory, and supplies.
What a Business Owner’s Policy Typically Includes
Most Business Owner’s Policies combine general liability insurance with commercial property coverage. General liability helps cover third-party bodily injury, property damage, and certain legal expenses arising from everyday business activities. Commercial property coverage can help cover buildings, leased spaces, equipment, inventory, furniture, and other business-owned assets if they are damaged by a covered loss such as fire, theft, or vandalism. These two coverages form the foundation of many BOPs and are structured to work together under one policy.
Additional Coverage Often Included or Available
Many Business Owner’s Policies also include business interruption coverage, which may help replace lost income and cover ongoing expenses if operations are temporarily halted due to a covered loss. Depending on the business type, optional endorsements may be available to address specific needs such as equipment breakdown, data-related exposures, or certain professional risks. Coverage availability can vary by industry, location, and business operations, making it important to review policy details carefully.
Who a Business Owner’s Policy Is Designed For
BOPs are commonly suited for retail stores, offices, service providers, and other businesses with moderate risk profiles and physical assets. As a business grows or changes, coverage needs may shift, requiring adjustments or additional policies such as workers’ compensation, professional liability, or commercial auto insurance.
Review Your Business Owner’s Policy Options
RTI Insurance Group helps California business owners evaluate whether a Business Owner’s Policy fits their operations and coverage goals. To discuss your options or review an existing policy, visit our contact page and connect with our team today.
