BOPs, otherwise known as Business Owners Policies, are an easy way to get several pieces of coverage in one place. These packages contain common types of commercial insurance that apply to a multitude of industries. They often include:
Property insurance: In case something damages physical property like your building or possessions, this coverage can help you repair or replace them.
General liability protection: Covers the business in case it causes property damage or bodily injuries to another party, like a client or vendor.
Interruption coverage: Helps you pay the bills in case you must temporarily close after a damaging accident.
Each BOP differs. Some will offer expanded coverage add-on options like cyber liability or professional liability insurance. Ask your agent about the specifics of your policy.