Business Owner’s Policy (BOP Insurance)

A business owner’s policy, commonly called BOP insurance, is liability and property insurance customized and bundled for your small business.

Carrying BOP insurance helps protect small businesses from claims related to property damage, fire, personal injury, advertising injury, and certain other issues.

If you have a small business in a low-risk industry, your BOP insurance may only include general liability and property insurance. However, BOP insurance could be designed to provide specialized coverage for other risks based on the unique needs of your small business.

What’s typically covered by BOP insurance?

Commercial Property Insurance

Covers your building, inventory, equipment, or other business property if damaged or lost through certain events such as fire, explosion, smoke, vandalism or wind.

Commercial Liability Protection

Protects you in the case of business-related damages to others including bodily injury, property damage, or advertising injury.

Business Interruption Insurance

Keeps your business up and running by covering expenses, such as payroll and temporary relocation costs in the case of fire or covered catastrophe.

Together We Serve Small Businesses

Pie Insurance and Progressive

Pie has partnered with Progressive Insurance for your BOP Insurance needs. Progressive’s team of in-house experts can help you find the best coverage for your specific business and budget.

Get a Quote with Progressive

How does BOP insurance protect small businesses?

People Protection

  • Helps cover medical bills if a third party is injured through your business
  • Helps employee families by covering lost wages
  • Helps care for your customers if they’ve been harmed as a result of your advertising claims

Financial Protection

  • Reduces the risk of financial loss from accidents
  • Protects your business from being sued by a third party
  • Limits losses from interruptions should your business suffer a catastrophe

What other types of insurance might my small business need?

While a business owner’s policy protects you and your business in the event of natural disasters, accidents, third-party injuries, and lawsuits, there are other types of insurance you may also need:

 

Workers’ compensation insurance provides medical, disability, survivor, burial, and rehabilitation benefits to employees who are injured or killed due to a work-related injury or illness. In nearly all states, and with few exceptions, businesses are required by law to carry workers’ compensation insurance. Check your current workers’ comp rate in 3 minutes.

 

Cyber insurance protects your business against data breaches and cybercrime, such as computer hacking and stolen information.

 

Commercial auto insurance covers accidents, injuries, or harm caused by you or your employees during work-related activities. 

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