Business Owner Policy

BOP is Insurance policies that combine protection from all major property and liability risks in one package. A Business Owner Policy is also an insurance package that assembles the basic coverages required by a business owner in one bundle. It is usually sold at a premium that is less than the total cost of the individual coverages.

Business Owners Policies usually target small and medium-sized businesses and typically contain business interruption insurance, which provides reimbursement for up to a year of lost revenue resulting from an insured property loss.