Business Owners Policies (BOP's) Overview

Business Owners Policies or BOP’s provide broad coverage for small and mid-sized businesses. BOP’s cover buildings, property, and liability in one low-priced policy.

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Liability

Business Liability Coverage protects you against legal liability resulting from damage to the property of others or injury to others, and it also takes care of your legal expenses. You may select liability up to $1,000,000. Types of protection included, depending on the specific policy being written are:

Premises and Operations Coverage

Covers you for bodily injury and property damage liability for covered claims arising out of the premises and operations.

Medical Expenses Coverage

Pays costs of reasonable medical expenses such as hospital, nursing, ambulance and funeral expenses when persons are injured on your premises.  Pays regardless of your legal liability when injuries arise from a covered loss. 

Personal Injury Coverage

Protects against your legal liability arising from false arrest, imprisonment, libel, slander, defamation of character, wrongful eviction, invasion of privacy and malicious protection.

Broad Form Property Damage

Extends your protection by affording limited coverage to property of others in your care, custody and control.

Employees as Additional Insureds

Adds your employees as insureds while acting within the scope of their duties.

Contractual

Provides coverage for legal liability assumed under specific contracts or agreements relating to the conduct of your business.

Host Liquor Liability

Provides protection for legal liability arising out of service or giving alcoholic beverages when you’re not in the alcoholic beverage business.

Advertising Injury Liability

Covers legal liability for libel, slander or defamation or disparaging material regarding others’ goods, products or services which might be contained in advertising materials to your business.

Property Protection

The Property coverage portion of the policy deals with the loss of or damage to buildings, equipment, furniture and fixtures.  You may choose from:

Special or Standard Form

The Special Form provides coverage for all direct physical causes of loss except those which are specifically excluded.  The Standard Form provides coverage for many named causes of loss such as fire, windstorm or hail, smoke damage, vandalism, aircraft or vehicle damage, etc.

Other coverage included in both forms are:

Replacement Cost Coverage

Covered building and personal property can be protected for their Replacement Cost Value which means no deduction for depreciation when replaced following a covered loss.

Automatic Increase Protection

Your amount of coverage on building and personal property automatically increases as inflation makes your property worth more.

Personal Property of Others

Personal property of others in your care, custody or control is covered under the policy.

Transit and Off-Premises Coverage

Personal property is automatically covered under the policy for up to $1,000 while in transit or temporarily off premises.

Loss of Income Coverage

Protects you from loss of income for up to one year in the event your business operation is interrupted by a covered cause of loss.

Fire Legal Liability Coverage

Covers your legal liability if property you lease is damaged by fire or explosion.

Deductible

Applies per single occurrence rather than per building.