A business owner’s policy (BOP) combines selected commercial property and liability protection into one policy designed for eligible small and midsize businesses. CGM Insurance Agency helps owners in Atlanta, Riverside, and surrounding areas review whether a BOP fits their operations—or whether separate commercial policies would provide a better structure.
What a Business Owner’s Policy Commonly Includes
Terms vary by carrier and policy, but a BOP commonly packages three important coverage areas:
- General liability insurance for covered third-party bodily injury, property damage, and personal or advertising injury claims.
- Commercial property insurance for covered damage to buildings, improvements, equipment, inventory, furniture, and other insured property.
- Business income and extra expense coverage when a covered loss interrupts operations.
Coverage That Usually Requires Separate Review
A BOP is not every policy a business may need. Depending on the operation, the insurance program may also require:
- Workers’ compensation insurance for covered employee injuries and occupational illnesses.
- Commercial auto insurance for company-owned vehicles and related driving exposures.
- Professional liability, employment practices liability, crime, umbrella, product liability, or industry-specific coverage.
- Cyber liability insurance for selected data-breach, network-security, fraud, and interruption events.
Which Businesses May Qualify for a BOP?
Retailers, professional offices, small service businesses, property owners, restaurants, and other lower-to-moderate hazard operations may be eligible. Carriers use their own rules for operations, revenue, payroll, building size, property values, location, and prior claims. Higher-hazard or more complex businesses may need separate policies or a specialized commercial package.
Information to Gather for a BOP Quote
- Legal business name, years in business, ownership, and a detailed description of operations.
- Annual sales, payroll, employee count, subcontractor costs, and states where work is performed.
- Building, tenant-improvement, equipment, inventory, and business-income values.
- Location details, construction, square footage, fire protection, security, and occupancy.
- Current policies, requested limits, leases, contracts, and several years of loss history when available.
Independent BOP Insurance Help in Atlanta and Riverside
CGM serves businesses through our Atlanta, Georgia office and Riverside, California office. We help owners compare a BOP with other available small business insurance structures and identify important coverage that should not be overlooked.
For a plain-language overview of the package and its limitations, read our guide: What is a business owner’s policy, and is it right for your business?
Request a Business Owner’s Policy Quote
Business Owner’s Policy FAQs
What does a business owner’s policy usually include?
A business owner’s policy commonly combines selected commercial property, general liability, and business income coverage. The exact package, limits, endorsements, and exclusions vary by carrier and business.
Does a BOP include workers’ compensation insurance?
Workers’ compensation is generally purchased separately from a business owner’s policy. Requirements and coverage needs depend on the business, employees, and applicable state law.
Does a BOP cover business vehicles?
A business owner’s policy generally does not replace commercial auto insurance. Company-owned vehicles and many business-driving exposures should be reviewed under appropriate auto coverage.
How much does a business owner’s policy cost?
Pricing varies with operations, revenue, payroll, location, building and property values, limits, deductibles, fire protection, prior claims, and selected optional coverages.
This page provides general insurance information. Availability, eligibility, terms, exclusions, limits, and pricing vary by policy and carrier.
