Small business insurance package
Business owners policy (BOP) insurance for small businesses
A business owners policy, or BOP, bundles the coverage many small businesses need most into one package: property protection for your building and equipment, and liability protection if someone is hurt or their property is damaged. Kaufman Insurance Group compares BOP options from multiple companies.
- Property and general liability in one policy
- Business income coverage often included
- Built for many offices, shops, and service businesses
Personal & Commercial · Quick Quotes – Good Rates · Great Companies
As an independent agency, we compare business owners policies from the companies we work with. The companies that can quote you depend on your type of business, your operations, where you work, and each company’s own rules.
These logos show some of the insurance companies Kaufman Insurance Group may be able to quote as an independent agency. Showing a logo does not mean the company endorses us. Which companies can offer you coverage depends on the type of insurance, where you live, and each company’s own rules.
The basics
What a business owners policy is
A business owners policy is a package policy designed for small and mid-sized businesses. It combines commercial property coverage and general liability coverage, and it often includes business income coverage, into one policy with one premium.
Packaging these coverages can make insurance simpler to buy and manage. Instead of shopping for separate property and liability policies, you get a policy built around the common needs of businesses like yours. Many companies also let you add options that fit your industry.
Not every business qualifies for a BOP. Insurance companies usually offer them to smaller businesses with lower-risk operations, such as offices, retail stores, and many service businesses. Businesses with higher risks may need separate policies instead. We will help you figure out which fits.
Property side
Helps protect your building if you own it, plus your equipment, furniture, inventory, and supplies.
Liability side
Helps with claims that your business injured someone or damaged their property, including legal defense.
Know what you are choosing
What a BOP typically includes
Every company builds its BOP a little differently. These are the parts most policies include or offer.
Commercial property
Covers your building, if you own it, and your business personal property after covered losses such as fire, theft, and wind.
General liability
Covers claims of bodily injury, property damage, and personal and advertising injury caused by your business.
Business income
Helps replace lost income and pay ongoing expenses if a covered loss forces you to close temporarily.
Extra expense
Helps pay extra costs to keep running after a covered loss, such as renting a temporary space.
Optional add-ons
Options such as equipment breakdown, data breach, or employee dishonesty coverage, depending on the company.
What is not included
Commercial auto, workers compensation, and professional liability are separate policies.
Is it right for you
Who a business owners policy is for
A BOP is often a good fit for small businesses that have a physical location, own equipment or inventory, and deal with the public.
Retail shops
Stores with inventory, fixtures, and customers visiting every day.
Offices
Professional and administrative offices with computers, furniture, and visitors.
Service businesses
Businesses that work at customers’ homes or offices and keep equipment at a shop.
Small building owners
Owners of small commercial buildings that house their business or tenants.
Not sure whether a BOP or separate policies fit your business? An agent can compare both.
How Kaufman helps
How we help you choose a BOP
We are an independent agency, so we can compare BOPs from multiple companies and check whether your business would be better served by separate policies.
Tell us about your business
Share what you do, your location, the value of your building and contents, and your revenue.
We compare options
An agent reviews BOP options from the companies we work with and points out differences in coverage.
Choose your coverage
Pick the package that fits. We can add options and issue certificates when you need them.
We focus on Ohio and North Carolina, and we can also help small businesses in most other states. Review your BOP each year so your property values and income coverage keep pace with your growth.
Common questions
Business owners policy questions
What does a business owners policy cover?
A BOP usually combines commercial property coverage, general liability coverage, and business income coverage in one policy. Many companies offer optional add-ons.
Does a BOP include workers compensation?
No. Workers compensation is separate. In Ohio, it comes from the state, not an insurance company. If you have employees in other states, we can help with workers compensation there as it comes up.
Does a BOP cover my business vehicles?
No. Vehicles used for business need a commercial auto policy.
Can any business get a BOP?
No. Insurance companies usually offer BOPs to smaller businesses in certain industries. Higher-risk businesses may need separate property and liability policies.
Is a BOP cheaper than buying policies separately?
It can be, because the coverages are packaged together. It depends on your business and the companies available. We can compare both ways.
Related coverage
Coverage that works with a BOP
General liability insurance
Protection if your business is blamed for injuring someone or damaging their property.
Explore general liabilityCommercial property insurance
Protection for your building, equipment, and inventory.
Explore commercial propertyCommercial auto insurance
Coverage for the trucks, vans, and cars your business uses.
Explore commercial autoCommercial insurance hub
See all the business insurance we can help with, from liability and property to vehicles and contractors.
Explore commercial insuranceReady to protect your small business?
Start a business owners policy quote online, or contact us with questions. An agent will help you compare options.
Prefer to talk? Call (330) 486-8404.