What Does a Business Owners Policy Cover

A Business Owner’s Policy (BOP) combines combines business property and business liability insurance into one business insurance policy. BOP insurance helps cover your business from claims resulting from things like fire, theft or other covered disasters. … These include claims of bodily injury or property damage.

What does a business owners policy not cover?

BOPs do NOT cover professional liability, auto insurance, worker’s compensation or health and disability insurance. You’ll need separate insurance policies to cover professional services, vehicles and your employees.

Why do you need a business owners policy?

A business owner’s policy provides general liability coverage and also pays for damage or loss of your building, equipment, and inventory. Businesses that interact with the public rely on a general liability policy to cover third-party lawsuits over bodily injuries and property damage.