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Business owner's
policy insurance
Work with a trusted insurance carrier to find a business owner's policy that fits your business like a glove.
Or call 844-925-1272 for a quote
What is a business owner's policy?
A business owner's policy, sometimes referred to as BOP insurance, is a comprehensive insurance policy combining the base coverages most small businesses need. It includes both property coverage for your physical assets and general liability coverage to protect you against third-party claims of bodily injury and property damage.
What's covered under a business owner's policy
Business owner's policies generally include coverage for
- General liability
- Commercial property
- Worldwide coverage
- Business income
- Equipment breakdown
With Liberty Mutual, you can supplement your business owner's policy with professional liability and cyber insurance coverage.
Why choose a Liberty Mutual business owner's policy?
Why work with independent insurance agents
Who needs a business owners policy?
Almost every business owner can benefit from a business owner's policy.
If you rent or own a building or workspace, have inventory or equipment you want to protect, or want to protect yourself from a lawsuit, then you should consider a business owner's policy.
Here are a few common scenarios where a business owner's policy can help protect your business:
- Slip and fall injuries may sound harmless, but they're often anything but - resulting in broken bones, concussions, or worse. If a customer or other non-employee gets injured in your workplace, a business owner's policy will help pay for your legal defense in the event of a lawsuit and any medical expenses for which you're liable.
- Wind, hail, and fire cause various types of losses, but the most common claims stem from exterior damage to a building. With a business owner's policy, your building and its contents are covered - and with business income coverage added on, you'll be reimbursed for lost income if you have to suspend operations during repairs.
- Breaches of confidential information are a growing concern for small businesses. By adding cyber coverage to your business owner's policy, you'll be reimbursed for any legal and forensic IT support, notices, and credit monitoring services for affected parties and even some public relations costs.
Business owner's policy frequently asked questions
A business owner's policy includes both commercial property coverage and general liability coverage, whereas a general liability policy only includes liability coverage for any damage and injuries your business causes to third parties.
A business owner's policy does not include coverage for commercial auto, workers compensation, farm, or inland marine risks. Coverage for each of these risks requires a separate policy.
A commercial package policy offers more flexibility with coverages and limits than a business owner's policy. An independent agent can help you decide whether a package policy or business owner's policy is a better option.
The cost to insure your business will ultimately depend on your industry, operations, business size, number of employees, revenue, and claims history, if any.
That said, business owner's policies are generally less expensive than commercial package policies and better suited for small and medium-sized businesses.
Request a quote through an independent agent to get a better idea of the cost.
The standard limit for business income on a business owner's policy is $5 million. With Liberty Mutual, you are allowed up to $8.5 million in gross sales per location.
Liberty Mutual has options for business owner's policies both with and without business income protection.
Small businesses with employees often have state-specific coverage requirements like workers compensation, general liability for certain professions and commercial auto insurance if the business uses vehicles.
An independent agent can help you tailor your policy to these requirements with Liberty Mutual's comprehensive line of coverages.
You absolutely can - and should! We recommend working with an independent agent to review the coverage needs of your business and help you find the right insurance product.
Protect what you've worked
hard to build
hard to build
Take the first step by getting a quote now or finding an independent
agent who can help you choose the right coverage options.