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When shopping for small business insurance, you will quickly encounter the term **BOP** (Business Owner’s Policy). Understanding what it is can save your company hundreds or even thousands of dollars every year.
What is a BOP?
A BOP is a bundled insurance package designed specifically for small-to-medium businesses. Instead of purchasing separate policies, a BOP combines three vital coverages into one streamlined plan:
- General Liability Insurance: Protection against third-party bodily injury and property damage.
- Commercial Property Insurance: Covers your physical office building, inventory, computers, and gear.
- Business Interruption Income: Replaces lost earnings if your business is forced to temporarily close due to a covered disaster.
Why Choose a BOP?
Buying these coverages as a bundle almost always unlocks a massive multi-policy discount compared to buying them individually, making it a favorite financial strategy for smart entrepreneurs.
