Bundle Property, Liability, and Lost Income Into One Business Owners Policy
A BOP packages commercial property, general liability, and business income coverage into a single policy, usually for less than buying those three separately. Premier Group Insurance shops across more than 25 carriers to find the one that will write your business at the right price.
What a Business Owners Policy Covers
A BOP is a package. It bundles the coverages most small businesses need anyway, which is why carriers price the bundle below the cost of the individual policies.
| Commercial Property | Your building if you own it, plus everything your business owns inside it: equipment, inventory, furniture, tools, and signage. Covers fire, theft, vandalism, and most weather damage. |
| General Liability | Third-party claims. A customer slips in your shop, your work damages someone’s property, or your business gets named in a lawsuit over an advertisement or a claim you made. |
| Business Income | The revenue you lose while you are shut down after a covered loss, plus the extra cost of operating from a temporary location while repairs happen. |
| Equipment Breakdown | Mechanical or electrical failure of the systems your business runs on. Many carriers build this into the base BOP. Some sell it as an add-on. |
Who Qualifies for a Business Owners Policy?
BOPs are built for small and mid-size businesses, and every carrier draws the eligibility line in a slightly different place. As a general rule, carriers look for businesses with roughly 100 or fewer employees and annual revenue under about $5 million, operating out of a space they own or lease. Past that, it comes down to what you do and which carrier you ask.
Businesses That Usually Qualify
Retail shops, professional offices, service businesses, wholesalers, small contractors, and light manufacturers are the classic BOP profile. If your operation is one location, a manageable headcount, and no unusual hazard, you are in the sweet spot.
Businesses That Often Get Declined
Restaurants, bars, auto repair shops, businesses with significant manufacturing exposure, and anything with heavy professional liability exposure get turned down by a lot of standard BOP carriers. That does not mean you cannot get a BOP. It means the carrier you asked does not want that class of business.
Why One Decline Does Not Mean No
Carrier appetite changes constantly. A carrier that would not touch your class of business last year may be actively writing it now, and the reverse happens just as often. This is the single biggest reason to run a BOP through a broker instead of a single-carrier agent. When one carrier says no, we go to the next one.
What a Business Owners Policy Does Not Cover
A BOP is a strong foundation, not a complete insurance program. These are the gaps, and most of them matter:
| Workers Compensation | If you have employees, Colorado requires workers comp separately. A BOP does not include it. See Workers Compensation for more details. |
| Business Vehicles | Vehicles owned or used by the business need a commercial auto policy. Your personal auto policy will not cover a work vehicle in a claim. See Commercial Auto Insurance for more details. |
| Professional Liability | Mistakes in the professional advice or service you provide are excluded. That needs professional liability, also called errors and omissions. See Professional Liability Insurance for more details. |
| Cyber Liability | Data breaches, ransomware, and the cost of notifying customers are not part of a standard BOP. See Cyber Insurance for more details. |
| Employment Practices | Claims from your own employees over hiring, firing, or discrimination need separate coverage. |
| Flood and Earthquake | Excluded from nearly every property policy, BOPs included. Both are written separately. |
Why The Carrier You Choose Matters More on a BOP
On a lot of policies, coverage is close enough between carriers that price does most of the deciding. A BOP is not one of those policies. Two BOPs at the same price can be built very differently, because each carrier packages its own set of included coverages and endorsements into the base form.
One carrier includes equipment breakdown and a reasonable business income limit in the base policy. Another strips both out and quotes lower, which looks like a better deal until you have a claim. Reading what is actually inside the package is most of the work, and it is not work you can do by comparing two quote numbers side by side.
Business income is where we see the most underinsurance. Carriers often default that limit to a number that would not carry a business through a real closure. If a fire shuts you down for four months, the question is whether the policy replaces four months of revenue or four weeks of it. We set that limit against what your business actually earns, not against a default.
Because we work with more than 25 carriers, we can look at what each one includes, what each one excludes, and which ones actually want your class of business. That is a different conversation than the one you get from an agent who has exactly one BOP to sell you.
How It Works
1. Tell Us About Your Business
What you do, where you operate, how many employees you have, and roughly what you bring in annually. About five minutes.
2. We Shop 25+ Carriers
We identify the carriers whose appetite fits your class of business, then pull options and compare what each package actually includes.
3. You Choose and We Handle the Filings
We walk you through the differences in plain language, including where the limits sit and what is missing, so you can pick with the full picture in front of you.
Frequently Asked Questions
Is a BOP Cheaper Than Buying General Liability and Property Separately?
Usually, yes. Carriers discount the package because bundling reduces their administrative cost and gives them more of your business. The savings are real, but they are not the only reason to bundle. One policy also means one renewal date, one bill, and one place to call when something happens.
How Much Does a Business Owners Policy Cost?
It depends on your industry, your revenue, the value of the property you are insuring, your location, your claims history, and the limits you choose. There is no average that means anything across different businesses. A quote takes about five minutes to start.
Do I Still Need Workers Comp if I Have a BOP?
Yes. Workers comp is not part of a BOP, and Colorado requires it for any business with one or more employees. Non-compliance carries a $500-per-day fine per uncovered employee. We can quote both at the same time.
What Happens if my Business Outgrows BOP Eligibility?
Once you pass a carrier’s size or revenue thresholds, you move to a commercial package policy, which is the same idea built for larger operations with more flexibility in how it is structured. We handle that transition when you get there, and it is worth planning for before renewal rather than after.
Can I Add Coverage to a BOP?
Yes. Most carriers offer endorsements for things like cyber liability, hired and non-owned auto, and higher business income limits. What is available depends on the carrier, which is another reason the carrier choice matters.
Does a BOP Cover my Home-Based Business?
Sometimes, but not automatically, and your homeowners policy almost certainly does not cover business property or business liability at any meaningful limit. If you run a business out of your house, tell us. There are a few ways to handle it and the right one depends on how much business property you keep there.
Get a Business Owners Policy Quote in About 5 Minutes
Tell us what your business does, where you operate, and roughly what you bring in each year. We will shop across our carrier network, compare what each package actually includes, and come back with options. No commitment required.