Business Owners Policy (bop)
As a business owner, you strive to make decisions that are right for your business, your employees and yourself. This includes decisions about business insurance. This brings you across a business owners policy (BOP) and thinking how is a BOP different than general liability policy?
The Business Owners Policy (BOP) combines various coverages – such as property, liability & business interruption coverage into a bundle.
Commercial Property Insurance – Covers property losses from common perils. Also providing coverage for computers, furniture, office equipment, machinery, inventory and raw materials.
General Liability Insurance – Covers the business legal responsibility for harming or inflicting bodily injury or property damage to someone or property resulting from your business’ operations, up to the policy limits.
Business Interruption Insurance – Reimburses your business for loss of income when a covered peril (disaster) interrupts your business’ successful operations.
Crime Insurance
Equipment Breakdown
Employment Practices Liability
Debris Removal
Tools & Equipment
Valuable Records Protection & Accounts Receivable
Comprehensive Cyber Liability Coverage
Professional Liability Insurance
Workers’ Compensation Insurance
This coverage casts a wide net of coverages and are good for small to medium size businesses. Typically by bundling the coverage, this reduces the cost versus purchasing each coverage with separate policies.
A Few Industries That Business Owners Policies Typically Are A Good Fit:
Retail
Professional Services
Medical Offices
Technology
Manufacturers
Beauty Salon / Barber Shops
Florists
Whether you are a home-based business, small service
provider or contractor we are here to help you.
Business Owner's Policy (BOP) in Orlando, FL
A Business Owner's Policy — commonly called a BOP — bundles the three most essential coverages for small businesses into one affordable package: general liability, commercial property, and business income (interruption) insurance. For most Orlando small businesses, a BOP is the foundation of their entire insurance program.
What a BOP Includes
| Coverage | What It Protects |
|---|---|
| General Liability | Third-party bodily injury, property damage, advertising injury (slander, copyright infringement). Covers lawsuits and defense costs. |
| Commercial Property | Your building (if owned), equipment, furniture, inventory, signage, and others' property in your care. Covers fire, theft, vandalism, storms. |
| Business Income | Lost revenue and ongoing expenses (rent, payroll, utilities) if a covered event forces you to temporarily close. Critical for disaster recovery. |
BOP vs. Buying Coverages Separately
You could buy general liability, property, and business income as separate policies — but a BOP bundles them at a 20-30% discount over purchasing individually. The package is simplified (one policy, one renewal, one bill) and most carriers allow you to add endorsements for additional coverages like:
- Equipment breakdown — Covers mechanical/electrical failure of business equipment
- Hired & non-owned auto — Liability when employees drive personal or rented vehicles for business
- Cyber liability — Data breach response and liability (limited endorsement available)
- Employee dishonesty — Theft by employees
- Professional liability (E&O) — Some carriers offer E&O as a BOP endorsement
- Flood insurance — Not included in any BOP; always a separate policy in Florida
Who Qualifies for a BOP?
BOPs are designed for small to mid-size businesses. Typical eligibility requirements:
- Annual revenue under $5-$10 million (varies by carrier and industry)
- Fewer than 100 employees
- Premises under 25,000-50,000 square feet
- Low-to-moderate risk industry classification
Most Orlando small businesses — retail shops, restaurants, offices, professional services, contractors, salons, and more — qualify for a BOP.
Frequently Asked Questions
How much does a BOP cost for a small business?
Most Orlando small businesses pay $500-$2,500/year for a BOP. The exact cost depends on your industry, revenue, location, property value, and claims history. It's almost always cheaper than buying the same coverages separately.
Does a BOP include workers' comp?
No. Workers' compensation is always a separate policy. In Florida, it's required for businesses with 4+ employees (1+ in construction).
Is a BOP the same as general liability?
No — a BOP includes general liability plus property and business income coverage. General liability alone doesn't cover your property or lost revenue. For most businesses, a BOP is significantly better value.
Bundle and Save with a BOP
One policy, comprehensive protection. We'll compare BOP quotes from top commercial carriers for your business.
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