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What Is Business Owner’s Policy (BOP) Insurance?

A Business Owner’s Policy (BOP) combines business property and business liability insurance into one business insurance policy. BOP insurance helps cover your business from claims resulting from things like fire, theft or other covered disasters. Business owners insurance also helps cover claims that could arise from your business’s operation. These include claims of bodily injury or property damage. They also include claims related to personal and advertising injury.

Businesses can tailor their Business Owner’s Policy (BOP) to help meet their unique needs by adding optional coverages like:

  • Data breach
  • Business income for off-premises utility services
  • Other specialized coverages

A BOP Policy is great because it can be custom-made to fit industry specific businesses. This means it’s great for businesses of any size especially small businesses. Package policies, such as a Business Owner’s Policy, are built to cover businesses that generally face the same risks. Customizing your BOP Insurance is an imperative first step when insuring your business. You should do this from the beginning to protect against loss and damages early on.

Who Needs a Business Owner’s Policy?

You should consider a business owner’s insurance policy if:

  • Your business has a physical location. It doesn’t matter where you conduct your business, it matters if your business and assets have coverage. Your BOP policy can help cover businesses run out of your home, a rented or owned office, store or garage.
  • There’s a possibility of you getting sued. For example, let’s say a customer who was injured at your work place slips and falls. Without the proper business owner’s insurance, you may be looking at hefty out-of-pocket fees to cover the customer’s medical expenses.
  • You have assets that could get stolen or damaged. From digital assets and customer data, to equipment, furniture, cash or inventory, some assets can be very hard to replace. With BOP Insurance, you don’t have to worry about where the money is coming from in the event you have assets that got stolen or damaged.

What’s the Advantage of a Business Owner’s Policy?

Purchasing a BOP Policy is smart and convenient. It simplifies coverage needs by including business property insurance and business liability insurance. These are two important coverages combined into one.

The Hartford’s Business Owner’s Policy (BOP) offers businesses a way to save money while getting broad coverage for things like:

  • Fire
  • Theft
  • Lawsuits
  • Loss of income

Our BOP policy is a more affordable option than buying separate business property and liability policies. This policy is an even smarter and more convenient choice for business owners because you can add other coverages to it. Businesses with specific needs can tailor their BOP by adding coverages like:

  • Business income for off-premises utility services
  • Data breach
  • Professional liability

What Does a Business Owner’s Policy (BOP) Typically Include?

Business owner’s insurance usually includes:

Commercial Property Insurance. The Hartford’s property insurance can help protect property your business:

  • Owns
  • Leases
  • Rents

This can include:

  • Buildings
  • Equipment
  • Inventory
  • Furniture
  • Fixtures

Commercial property insurance helps cover losses of accounts receivable, valuable papers and records.


Men having a business meeting in a restaurant.
  • General Liability Insurance. When it comes to liability protection, the broader the coverage the better. To get the coverage you need, consider The Hartford’s BOP policy. Our policy provides business liability insurance that helps you in the event that you’re sued for causing harm to a person and/or damage to property. It also helps cover the cost of your defense. It does this because businesses often get sued even if they did nothing wrong.
  • Business Income Insurance. If unexpected events cause a suspension in your business operations due to a covered loss, The Hartford’s BOP policy can help. Our BOP can help replace loss of income to help you meet your continuing financial obligations. These include important monthly benefits to employees such as both payroll and any other financial payments that are due to them. This also includes essential payments like rent.

There are additional coverages that you can add to your Business Owner’s Policy to help tailor coverage to your specific needs. Here are two popular optional coverages that you can add to your Business Owner’s Policy:

Data Breach Coverage. Any business that handles or stores private customer, patient or employee information is at risk for a data breach. When this sensitive information gets lost or stolen, it’s important to act quickly. Acting quickly allows you to restore confidence in your business. If a breach occurs, The Hartford’s Data Breach Coverage can help pay for the expenses from:

  • Notifying affected individuals
  • Engaging credit monitoring services if warranted
  • Public relations

We also offer coverage to help with defense and settlement costs. In addition to this, our data breach coverage can help cover these in the event your business gets sued because of a breach. We also provide coverage when you store private data internationally.

Additional coverage options can help:


  • Replace lost income and pay for extra expenses incurred. This helps keep your business running when it has to close temporarily or slow operations due to a covered data breach.
  • Protect a business from a data breach that occurred before the BOP policy effective date.
  • Pay for extortion expenses and ransom payments associated with the threat of a data breach.

Data Breach Coverage from The Hartford includes access to professionals who can help guide you. They’ll teach you how to prevent breaches and how to manage one if it occurs.

Professional Liability (Errors and Omissions) Coverage. You put your professional judgment and expertise on the line just about every day. Even when businesses have done nothing wrong, they can get sued. For instance, businesses get sued by customers claiming negligent acts or errors in professional services you provided. Professional liability coverage can help cover you against claims like these. However, some types of businesses may not be eligible for this coverage.

Important Notice
Any submissions or payments made via this website do not constitute a binding agreement to your policy or coverages. Changes and payments to policies are not effective or binding until you, or any party involved, receive official notice from either your insurance agent, or your insurance company. If you have any questions, please feel free to contact us.

Per the terms of our online privacy policy we will not resell your information to any third-party.


Beyond Your Business Owner’s Policy Do You Have Employees?

For businesses with employees, workers’ compensation insurance is important. This is typically purchased separately from a Business Owner’s Policy (BOP). It’s also mandatory in most states.

Workers’ comp insurance coverage pays an employee or employee’s family for medical costs in the event of a work-related:

  • Injury
  • Illness
  • Death

Workers’ Compensation also helps cover an employee’s income if they are out of work due to a covered illness or injury. This is just another option that you can add to your BOP Policy to protect you and your employees from the unexpected.

Does Your Business Own, Rent or Lease Vehicles?

For businesses that use cars and trucks, commercial auto insurance is another important policy to consider. This policy helps protect your business from financial losses when an employee is found at fault for an auto accident.

BOP Insurance From The Hartford

No matter what type of business you own, BOP Insurance can be expertly tailored to your business. Our Hartford representatives will walk you through the whole process of selecting coverages that are right for you. Although we’re one of many insurance companies that offer BOP policies, we’re confident that we have the coverage that’s right for you. Get a BOP Insurance quote today.

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