Business Owners Liability / BOP
Standard coverages and limits
Typical General Liability limits: $1 million per occurrence / $2 million aggregate
Property limits are based on the replacement cost or value of the building and business personal property
A BOP combines property and liability coverage into one package designed for qualifying small and mid-sized businesses
General Liability protects against third-party bodily injury, property damage, personal injury, and advertising injury claims
Commercial Property covers business-owned or leased property, such as equipment, furniture, inventory, and business personal property
Business Income / Interruption helps replace lost income and certain continuing expenses following a covered property loss
Annual premiums start from $500.00. Higher limits are available
Common endorsements / Optional coverages
Business Income & Extra Expense
Equipment Breakdown
Hired & Non-Owned Auto Liability
Cyber Liability / Data Breach
Waiver of Subrogation and Additional Insured endorsements
Cost Factors & How Pricing Works
Business type and industry
Property values
Claims history
Location, Building characteristics, Coverage limits and deductibles
Who Needs General Liability Insurance?
Most businesses that interact with customers, vendors, landlords, or the public
Businesses operating from leased commercial space
Businesses whose leases or contracts require General Liability coverage
Property owners and landlords
Manufacturers, wholesalers, offices and professional service businesses