What Is a Business Owners Policy (BOP)?
A Business Owners Policy, or BOP insurance, is a bundled insurance solution designed for small businesses. By combining multiple types of coverage into a single, cost-effective package, a BOP makes it easier for small business owners to secure comprehensive protection.
What Does a BOP Include?
Most BOP policies provide essential coverage for:
- Commercial Property – Protects your building, business personal property, and contents
- General Liability – Covers third-party claims for bodily injury or property damage
- Business Income / Business Interruption – Replaces lost income and extra expenses if your business operations are disrupted
A BOP can also protect against common risks such as:
- Theft or vandalism
- Fire or natural disasters
- Advertising and personal injury claims
BOP policies can be customized to suit industry-specific needs, making them ideal for small businesses seeking broad, yet flexible protection.
What Is a Commercial Package Policy (CPP)?
A Commercial Package Policy is designed for medium to large businesses that need robust and highly customizable insurance coverage. A CPP typically combines commercial property and general liability coverage with the flexibility to add optional coverages such as:
- Business Crime Insurance
- Business Income / Interruption Coverage
- Commercial Auto Insurance
- Umbrella Liability Insurance
- Electronic Data Processing Coverage
- Employment Practices Liability Insurance (EPLI)
- Equipment Breakdown Insurance
- Inland Marine Insurance
- Pollution Liability
Unlike a BOP, a CPP offers nearly unlimited customization, allowing businesses to tailor coverage specifically to their risks and operational exposures. However, CPPs may leave gaps that require additional standalone policies.
