Business Insurance
Business Owners Policy
Definition
A packaged insurance policy that combines general liability insurance and commercial property insurance into a single policy, often at a lower premium than purchasing each coverage separately. Also known as a BOP.
In Zach’s Words
“A BOP is basically the combo meal of business insurance. Instead of buying property coverage and liability coverage separately (and paying more), you bundle them together. It's designed for small to mid-size businesses and it's usually the first policy we recommend to new business owners.”
— Zach Nadler, CIO