Business Owner's Policy (BOP) Cost Calculator
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What Is a Business Owner's Policy (BOP)?
A Business Owner's Policy (BOP) bundles general liability insurance and commercial property insurance into a single, discounted policy. It is designed specifically for small and medium-sized businesses and typically costs 15–25% less than buying both policies separately. BOPs can also include business interruption coverage, adding even more value. To qualify for a BOP, businesses generally must have fewer than 100 employees and revenue under $5 million. Businesses that do not qualify — such as large manufacturers or high-hazard contractors — must purchase policies individually. A BOP is often the smartest and most cost-effective starting point for insuring a small business.
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Frequently Asked Questions
Who qualifies for a BOP?
BOPs are designed for small to medium businesses with under 100 employees and annual revenues typically under $5 million. High-risk industries like construction may not qualify and must buy coverage separately.
What is included in a BOP?
A standard BOP includes general liability insurance, commercial property insurance (for owned or rented space), and often business interruption coverage. You can add endorsements for additional coverage like cyber liability or equipment breakdown.
Does a BOP replace workers comp or professional liability?
No. A BOP does not include workers compensation or professional liability (E&O). Those must be purchased separately as standalone policies.
How much does a BOP cost for a small business?
Most small businesses pay $500–$3,500 per year for a BOP, depending on industry, revenue, property value, and location. Service-based businesses with no physical inventory pay less than retailers or restaurants.
Can I add cyber insurance to my BOP?
Many insurers offer cyber liability as an endorsement to a BOP for an additional premium. However, businesses with significant data exposure may need a standalone cyber policy with higher limits.
Results are estimates only. Actual premiums depend on underwriting factors specific to your business. Consult a licensed insurance professional for an accurate quote.