Business Owner’s Policy Insurance for Your Business

Get the essential commercial coverages all in one package.

Combine Policies for Affordable Coverage

Business owner’s policy, or BOP insurance, bundles your commercial property insurance, liability insurance, and other coverages into one policy to save you money. A perfect option for small and mid-size businesses, business owners’ policy keeps your assets secure.

Customize Your Insurance to Suit Your Business

Business owner’s insurance offers liability protection in case of bodily injury or property damage, but it is up to you to determine the additional coverages needed for your small business.

For example, if you owned a moving company, you would need commercial auto insurance to cover the moving trucks used to run your business. You can add this coverage to a standard business owner’s policy. Now, you have a customized insurance bundle to cover your property, general liability, and vehicles.

Most business owners’ policies exclude professional liability and workers’ compensation coverage. These necessary protections will have to be purchased as additional policies.

BOP Insurance for Any Industry

Because business owners’ insurance is flexible, and it can be written to fit any industry.
  • Restaurants
  • Retail stores
  • Wholesalers
  • Contractors
  • And more
Get started on your customized business insurance by speaking to one of our qualified agents about your budget and business needs.
Couple talking to agent

What is a business owner's policy?

Business owners policy (BOP) insurance is a bundled insurance option for small and mid-sized business owners. It usually includes commercial property and general liability coverage. Some policies also cover business interruption – loss of wages if your business is closed due to a claim.

BOP insurance is an appealing option to small business owners because it allows you to save money by bundling multiple policies. It is common to add endorsements to your BOP and combine policies rather than purchase them all individually.

For example, you've just purchased a building in your town square and plan to open a restaurant. Your new venture will require several types of insurance to be fully protected:

  • Property insurance to cover damages from fire, storm, break-in, etc.
  • General liability to protect against third-party lawsuits (i.e. a choking customer sues you for damages)
  • Employee practices liability to protect against employee claims of discrimination or harassment
  • Commercial auto insurance if you are operating any delivery or catering services
  • Liquor liability coverage so you are not liable for someone leaving your restaurant intoxicated
  • And potentially others

Choosing a business owner’s policy helps you save money by combining your property insurance and general liability coverage. Your insurance agent can work with you to determine which necessary coverages can be bundled into your BOP and which must be purchased separately.

What does a business owner’s policy cover?

Your business owner's insurance includes basic coverage usually against property damage, peril, business interruption, and liability. Coverage can vary based on your insurance company, but many policies allow you to opt-in for endorsements like:

to cover costs resulting from a data breach

to cover employment-related lawsuits

to cover instances of fraud, theft, or employee dishonesty

to cover repairs and replacements of essential equipment

A business owner’s policy is a great starting point when it comes to insurance for small businesses. Make sure you have all your bases covered for insurance NOT included in your BOP:

  • Workers’ compensation for your employees
  • Health insurance for your employees
  • Professional liability to protect against negligence and other claims
How much does bop insurance cost

How much does BOP insurance cost?

The cost of your business owner’s policy depends on the size of your business, your industry, location, and the coverage amounts you need. Our professional insurance agents will work with you to customize your business owner’s insurance to fit your budget.

Do you have a question about business owner’s policy insurance?

Our agents are ready to answer any of your questions.
Guardian Insurance Group is an independent insurance agency that serves customers in Tennessee, Arkansas, and Mississippi. They offer a wide range of personal and commercial insurance products, including auto, home, and business insurance.

Guardian Insurance Group is committed to providing clients with the best possible service. They have a team of experienced and knowledgeable agents who are dedicated to helping their customers find the right insurance coverage for their needs. Guardian Insurance Group also offers a variety of online resources to help their customers manage their insurance policies.

In 2022, Guardian Insurance Group was voted in the top three for Best Insurance Agency by the DeSoto Times-Tribune. This award is a testament to the hard work and dedication of the agency's team. Guardian Insurance Group has locations in Memphis, TN, Southaven, MS and Byhalia, MS and is committed to providing clients with the personalized and unique service they deserve.
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