Business Owners Policy

The Business Owners Policy (BOP) from Business Insurance Professionals is a package policy designed for 

Offices; apartments; retail stores; wholesalers; limited-cooking, franchised fast food, franchised casual dining restaurants and franchised fine dining restaurants; franchised hotels; self-storage facilities and service and processing businesses meeting eligibility guidelines. 

Property and liability coverage are included, as well as additional coverage features that round out this comprehensive policy. 

Today’s business environment is a great deal more complex, but rest easy knowing we provide your local independent agent with the types of products needed to protect your business.

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general liability insurance

Protection for your property 

  • Building coverage for risks of direct physical loss or damage 
  • Business personal property coverage for risks of direct physical loss, including theft 
  • No coinsurance clause on buildings or business personal property 
  • Business income coverage for actual loss sustained (12-month coverage) 
  • Business income and civil authority deductibles are amended to 24 hours 
  • Extra expense (12-month coverage) 
  • Newly acquired locations – business income – up to $100,000 
  • Newly acquired or constructed buildings – up to $500,000 • Newly acquired business personal property – up to $250,000 
  • Exterior glass included within building limit 
  • Interior glass included Tenants exterior building glass coverage on all tenants policies (included in BPP limit) 

Your General Liability protection benefits 

  • Liability limits of $500,000 per occurrence with optional limits of $1,000,000 and $2,000,000 
  • Supplementary payments for bail bonds – $750 
  • Damages to premises rented to you – $100,000 
  • Water damage legal liability – $25,000 
  • Voluntary property damage is provided at limits of $250/$1,000 
  • Care, custody, and control is provided at limits of $1,000/$5,000 
  • Automatic additional insured status for managers or lessor of premises, mortgagee assignee/receiver, owners, or others from whom land has been leased, and state or political subdivisions (relating to permits), grantor of franchise and concessionaire, when required by contract Additional property protection benefits 
  • Money and securities – $10,000 inside the premises and $5,000 outside the premises 
  • Forgery or alteration – $10,000 
  • Fine arts – $2,500 per item/$5,000 max. (no breakage) 
  • Employee dishonesty – $10,000 
  • Accounts receivable – $10,000 on premises/$5,000 off premises 
  • Valuable papers and records – $10,000 on premises/$5,000 off premises 
  • Ordinance or law coverage – a combined limit of $25,000 for demolition cost and increased cost of construction coverage 
  • Electronic data – $10,000 
  • Computer hardware equipment (on premises) up to business personal property limit 
  • Reward payment – $5,000 for information; $5,000 for stolen property 
  • Credit card invoices – $1,000 
  • Fire department service charge – $2,500 per premises 
  • Fire extinguisher system recharge expense – $10,000 
  • Inventory and appraisals – $10,000 
  • Lock replacement – $1,000 
  • Loss of food in refrigerator or freezer – $1,000 
  • Utility service direct damage (no overhead lines) – Building – $10,000 – Contents – $10,000 
  • Outdoor property – $10,000 (specified causes of loss) – $1,000 any one tree, shrub or bush 
  • Outdoor signs – $2,500 
  • Personal effects – $10,000 (up to $2,500 for any one person) 
  • Property of others – $10,000 (up to $2,500 for any one person) 
  • Business income from dependent properties – $5,000 
  • Personal property off premises- $10,000

When you want more For those times when you want a little additional security, we’ve got you covered with a variety of optional coverages. 

Optional coverage available 

  • Professional liability – barber or beauty shops, morticians, optometrists, and opticians 
  • Equipment breakdown 
  • Earthquake 
  • Hired and non-owned auto liability 
  • Employee dishonesty 
  • Utility services – direct damage or time element 
  • Fine arts 
  • Scheduled property 
  • Tool coverage 
  • Bailee coverage 
  • Commercial articles 
  • Computer fraud and funds transfer fraud 
  • Electronic data liability 
  • Employment practices liability (refer to your state rules) 
  • Business income & extra expense – revised period of indemnity Property plus Businessowners Expanded Plus Property Endorsement– includes equipment breakdown coverage if eligible and increases limits per below: 
  • Accounts receivable – $25,000 on premises, $10,000 off premises 
  • Building ordinance or law – Coverage 2 and 3 combined limit of $50,000 
  • Business income from newly acquired properties – $250,000 • Employee dishonesty – $25,000 • Fine arts – $2,500 per item / $10,000 max. 
  • Forgery or alteration – $25,000 
  • Personal property off premises – $25,000 
  • Outdoor signs – $5,000 
  • Loss of food in refrigerator – $5,000 
  • Valuable papers – $25,000 on premises, $5,000 off premises 

Today’s business environment is complex; we provide the types of products needed to protect your business. Protect the assets and quality of life you have worked hard to earn by trusting your insurance to Business Insurance Professionals. Your Business Insurance Professional independent agent is there to provide knowledgeable advice and explain coverage clearly, making your insurance choices simple and easy. You get practical solutions to reduce risk that are right for your needs, all at a price that is right for you. When you have a claim, Business Insurance Professionals is ready with service that is fast and accurate. You can count on Business Insurance Professionals to pay what you deserve and help you recover from your loss. Business Insurance Professionals commitment extends to the communities they serve. Also supports many of the same causes you care about most in the areas of safety, education and community development. 

The information provided on products and/or services described are intended to present a general overview. These materials are not intended to be a substitute for the guidance of your independent insurance agent or other professional advisors. This is not an offer to sell insurance and does not constitute a binding contract. All applications for insurance are subject to normal underwriting standards and guidelines applicable to your risk. Business Insurance Professionals reserves the rights to change any of the terms and conditions or availability of products and services. Only the relevant insurance policy and declaration page can provide the actual terms, coverage’s, amounts, conditions, and exclusions for an insured. Products and services may not be available in all states.

Licensed States

AL, AK, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NM, NJ, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY