Business Owner’s Policy (BOP) Insurance

Comprehensive, Cost-Effective Protection for Small Business Owners

From property damage to lawsuits to unexpected closures, business risks come in all forms. A Business Owner’s Policy (BOP) from Heffernan Insurance Brokers bundles essential coverages into one convenient & affordable insurance package, designed specifically for small businesses.

Whether you’re opening your first storefront or scaling a multi-location operation, our customizable BOP insurance gives you peace of mind and cost savings.

What Is a Business Owner’s Policy?

A Business Owner’s Policy—commonly referred to as a BOP—is an insurance package that combines:

• General Liability Insurance
• Commercial Property Insurance
• Business Interruption Insurance (often included)

This bundled coverage protects both your physical assets and your financial liability, typically at a lower cost than buying each policy separately.

BOP insurance is ideal for:

Retail shops, professional offices, restaurants, contractors, real estate firms, and many other small businesses.

What Does a BOP Insurance Policy Cover?

1. General Liability Coverage

Also called BOP liability coverage, this protects against claims of:

• Bodily injury to others
• Property damage to third parties
• Personal and advertising injury
• Legal fees and defense costs

2. Commercial Property Insurance

Also known as BOP property coverage, this helps cover:

• Your owned building (if applicable)
• Business personal property (equipment, furniture, inventory)
• Income loss from property damage

3. Business Interruption Insurance

If you have to temporarily close or relocate due to a covered event (like fire or storm damage), this coverage helps pay for:

• Lost income
• Temporary relocation costs
• Ongoing business expenses

Optional add-ons:

Heffernan offers BOP insurance endorsements that can include cyber liability, equipment breakdown, and more— all tailored to your needs.

Who Needs a Business Owner Policy?

A business owner’s insurance policy is a smart move for any small business that:

• Has a physical location or storefront
• Owns valuable property, inventory, or equipment
• Regularly interacts with customers, clients, or vendors
• Could face claims of negligence or liability

Industries we serve include:

• Retail and wholesale
• Consulting and professional services
• Construction and trades
• Food service and hospitality
• Real estate and property management

Don’t assume you’re “too small” for coverage—BOP insurance for small business is designed with you in mind.

What’s Not Covered by a BOP?

While a business owners policy is broad, it doesn’t cover everything. Exclusions typically include:

• Workers’ Compensation Insurance
• Professional Liability (E&O)
• Commercial Auto Insurance
• Health Insurance
• Flood or Earthquake Damage (unless added)

Heffernan can help bundle your BOP insurance with additional policies for a complete risk management solution.

How Much Does a Business Owner’s Policy Cost?

BOP insurance cost depends on several key factors:

• Industry risk profile
• Size and location of your premises
• Number of employees
• Value of your business property
• Prior claims history

Typical premium range: $500 to $2,500 annually for small businesses
High-risk industries or larger operations may see higher premiums.

We’ll help you compare carriers and get a competitive business owners policy insurance quote—customized for your business.