A business owner’s policy bundles general liability insurance with commercial property insurance. Many insurers offer small businesses a discount if they choose this policy.
A business owner’s policy protects your business against common liability risks with general liability insurance. Plus, it includes commercial property insurance (hazard insurance) to protect your business property.
Your landlord or clients might require the general liability coverage that's included in a BOP, while property insurance is vital for companies that own a building or expensive movable property such as equipment, tools, and supplies.
A business owner's policy can help cover the cost of:
Because a BOP combines two key policies at a discount, TechInsurance's licensed agents often recommend it to small business owners.
Here are a few common scenarios where it pays to have a BOP:
Low-risk businesses with fewer than 100 employees typically qualify, such as:
We offer coverage options for hundreds of professions, but not all businesses are eligible for a business owner’s policy. Complete our free online application and talk to a TechInsurance agent to confirm if your business qualifies.
A business owner’s policy bundles two coverages at an affordable price. The cost of a BOP depends on:
If your business has higher than average liabilities, you can increase your policy limit with commercial umbrella insurance. Umbrella insurance raises your maximum coverage limit, so your insurance company will pay for costlier insurance claims.
A business owner's policy doesn't cover every type of commercial liability. Get more complete coverage by bundling your BOP with these insurance policies:
You can add some types of coverage to a business owner's policy as endorsements, or riders, depending on your insurance company. Talk to a TechInsurance agent to discuss tailoring a BOP to match your business needs.