Business Owners Policy (BOP)

A Business Owners Policy, or BOP, is an insurance policy for small and medium-sized businesses that combines several business-related risks into one policy. The BOP covers the business property, the building (if the business owns the building), crime, business interruption (lost income), and general liability. Many optional coverages can be added to a BOP, and may include non-owned automobiles used by the business, tenant legal liability, computer and data coverage, equipment breakdown, etc.