What Does BOP Insurance Cover?

The terms, conditions and exclusions of a given BOP will vary but BOP coverage typically includes the following small business insurance coverages:

Commercial Property Coverage

Commercial property coverage helps protect a business from losses or damage to buildings, inventory, machinery, and other business property. Commercial property coverage can also help provide protection against extra expenses and loss of use due to a covered loss.

Commercial General Liability Coverage

Unfortunately, dealing with lawsuits can be a very real part of operating a business. Commercial general liability coverage (CGL) helps assist with the cost of lawsuits or claims brought against a business for bodily injury, property damage, or other covered losses. Some examples of types of lawsuits a BOP may cover include:

Third-party bodily injuries
Third-party property damage

Product liability

Advertising liability

BOP insurance typically has a combined limit for third-party bodily injury and third-party property damage. Some small business owners opt to have a standalone CGL policy instead of a BOP. Learn more about the difference between a BOP and Commercial General Liability.

Business Interruption Coverage

The cost of getting a business back to fully operational capability after a covered event isn't the only cost a business owner needs to worry about. Business interruption coverage typically helps cover a business's operating expenses while it's being repaired or rebuilt after a covered loss.

Medical Payments Coverage

Medical payment coverage typically covers medical expenses for individuals who are injured on the business's property or as a result of the business's operations. This coverage can help protect the business against financial liability and can help cover medical care costs.

Other Options

When it comes to insurance, different businesses have different needs. To help meet these needs, some insurance providers offer other optional coverages to be added to a BOP, like product liability coverage. Specialized coverage options can better help protect some businesses, depending upon its specific needs. Contact us at Acrisure to learn more.