Small Business Insurance
Tailored coverage for businesses with fewer than 100 employees.
Typical cost: $500 – $2,000 per year
Small Business Insurance
A Business Owners Policy (BOP) for small businesses bundles essential coverages—property, liability, and business interruption—at a discount. It's designed for businesses with modest premises, limited employees, and straightforward operations.
BOP Eligibility
Small businesses typically qualify for BOPs if they have limited square footage, revenues under certain thresholds, and don't engage in high-risk activities. Professional services, retail stores, and office-based businesses are ideal candidates.
What's covered
Property Coverage
Covers building (if owned), equipment, inventory, and business property.
General Liability
Covers customer injuries and property damage claims.
Business Interruption
Replaces income if business must close due to covered loss.
Equipment Breakdown
Covers mechanical and electrical failures.
Data Breach
Basic cyber coverage may be included or added.
Tips
- • BOPs are typically 10-15% cheaper than buying coverages separately
- • Add workers comp if you have employees—it's not in a BOP
- • Professional liability requires a separate E&O policy
- • Review coverage annually as your business grows
- • Customize with endorsements for your specific needs
Other business owners policy (bop) types
Startup Insurance
Essential coverage for new and emerging businesses.
Franchise Insurance
Coverage designed for franchise owners and operators.
Home-Based Business Insurance
Protection for businesses operated from home.
Retail Business Insurance
Coverage for brick-and-mortar retail stores.
Restaurant Insurance
Specialized coverage for food service businesses.
Construction Business Insurance
Comprehensive coverage for contractors and builders.
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