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Business Owner’s Policy (BOP) for Small Business

As a business owner, you know that running a successful company requires taking calculated risks. But while some risks can lead to big rewards, others can be financially devastating. That’s where Business Owners’ Policies (BOPs) come in.

BOP insurance is like a safety net for your small business, helping you navigate unexpected challenges and keep your company running smoothly.

By mitigating the financial risks of running a business, BOPs give small business owners the freedom to experiment, innovate, and pursue new opportunities with confidence. Ready to get started?

Get a Business Owner's Policy (BOP)

Every business is different, and not all BOPs are created equal. That’s why you should always work with an experienced insurance broker who can help you assess your risks, customize your Business Owner’s Policy, and find you the most affordable options.

Since 1994, HCP National (a certified WBENC & MBE brokerage) has helped organizations nationwide define and minimize their risks by implementing the right insurance products. Our number one priority is to help you find the best Business Owner’s Policy at the lowest possible cost. 

Ready to get started? Request a quote now.

What is a Business Owner's Policy?

A BOP is a comprehensive insurance bundle designed to protect small- to medium-sized businesses from a range of risks.

BOPs have all the tools you need to handle the unexpected, from property coverages, to liability protection in case someone gets injured on your property, to business interruption insurance that will cover claims and help keep your company afloat if you have to close temporarily.

What Do BOPs Cover?

So, what does a Business Owner’s Policy cover? It can vary depending on your business and your needs, but typically it includes a combination of property insurance, liability insurance, and business interruption insurance.

This all-encompassing policy can be a lifesaver for small- and medium-sized businesses that may not have the resources to handle unexpected expenses on their own. Here’s a breakdown of some of the features typically included in a BOP, as well as some optional coverages:

Ready to get started? For more than 20 years, HCP National (a certified WBENC & MBE insurance brokerage) has been helping American businesses find the right commercial coverage for the best-possible price.

How BOPs Help Small Businesses

Managing a small- or medium-sized business can be difficult. Business income can be unpredictable, taxes and regulations can be hard to stay on top of, and competition is often fierce. But there’s help for those who need it! Business Owners’ Policies (BOPs) provide the following benefits:
Opting for a BOP is often more affordable than purchasing each type of coverage separately, making it an attractive option for small business owners on a budget.

Every business comes with its own set of risks and challenges, and BOPs can be customized to fully protect against the risks that matter most to you. For instance, if your business is focused on technology, you may want to add coverage for cyber-attacks and data breaches.

By having a BOP in place, small and medium business owners can have peace of mind knowing that they’re protected against a range of potential risks, from property damage to liability claims.

Depending on your state and industry, you might need to have certain types of insurance coverage. BOPs can help ensure that your business is compliant with legal requirements.

If your business is forced to shut down temporarily due to an insured event, such as a fire, BOPs can help cover lost income and other expenses, helping to keep your business afloat during difficult times. This coverage can make the difference between a business surviving or having to close its doors permanently.

Are BOPs Customizable?

Customization is one of the main perks of BOPs. Coverages vary, and by tailoring a business insurance package to a specific company, BOPs provide more comprehensive protection than a standard insurance policy. 

What Kinds of Businesses Need BOPs?

Small businesses are diverse, and each one faces its own unique set of risks. From retail shops and restaurants to tech startups, manufacturers, wholesalers, and consulting firms, all businesses need protection against the unexpected. 

Essentially, any business that wants to minimize financial risks and protect themselves against potential liabilities should consider a BOP. 

But, if you fall under one of these categories, know that BOPs are an almost inevitable investment you’ll need to consider:

If you own a commercial building location, such as a store, restaurant, or office building, then you need to invest in BOP insurance. Adding a commercial property insurance portion to your business policy can protect your property from damage caused by fires, storms, theft, and vandalism. It also covers lost income if the business is forced to close due to an insured event.

Most states require businesses with employees to carry an insurance package with workers’ compensation coverage. This type of insurance provides medical benefits and wage replacement for employees who get injured or become ill on the job. BOPs can sometimes include workers’ compensation coverage, so it makes sense to invest in this type of insurance policy if you have any employees.

Businesses face a range of risks, and one of the biggest threats to a business’s success is the possibility of getting sued. Whether it’s a customer slipping and falling on your property, a product malfunctioning, or a disgruntled employee filing a lawsuit, lawsuits can be expensive and time-consuming to defend. 

BOPs provide liability coverage that can shield businesses from lawsuits and claims that arise from bodily injury to product liability. They can help cover legal and medical expenses, settlements, and judgments, which would otherwise be a huge financial burden.

If you’re a business owner with client contracts that require general liability insurance, you might want to consider getting a Business Owner’s Policy (BOP). As a client contract is a legally binding contract, you need to make sure that you’re protected from any potential legal claims.

A BOP will offer both a comprehensive insurance solution that satisfies clients’ insurance requirements and protects the business against a range of risks. 

Business owners need to protect their assets and business property such as personal vehicles and office equipment from damage or theft. BOPs often include property coverage that can help you replace valuable items if they are stolen or damaged in an insured event.

For businesses that want comprehensive protection, BOPs are the way to go. It’s a convenient and cost-effective way to bundle all of the necessary insurance coverage in one policy. This makes it easier for small business owners to manage their insurance needs and make sure they have the right coverage at an affordable rate.

Protect your Business, Get a BOP Quote Now.

Based in California since 1994, HCP National is a commercial insurance brokerage that offers comprehensive insurance solutions to protect businesses from risk. We’re one of the largest certified minority-woman-owned insurance brokerages in the country.

We take customer service seriously, work diligently to decrease your insurance costs where possible, and have an expert team with an average tenure of 20 years. You can put your trust in us, knowing that our clients have never had an eligible claim denied.

From general liability insurance to property insurance, contact us today so we can tailor a Business Owner’s Policy just for your business.


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What Clients Say

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Since 1994 – HCP’s top priority is finding clients the best possible coverage and terms at the lowest possible cost. HCP is a certified diverse (MBE & WBENC) insurance brokerage.