Property and liability in one package
A package can address covered damage to described business property and qualifying third-party liability claims. Read the declarations and forms to establish which premises, property and operations are included.
Business insurance
Business owner's policy
A business owner's policy can combine selected protections for an eligible business. Its terms, eligibility and available options depend on the insurer.
Understanding your options
What to know about business owner's policy
A business owner's policy, often called a BOP, packages selected property and liability protections. Eligibility and the coverages bundled vary by insurer; a package is not a substitute for examining each limit and exclusion.
What to compare
- Review the property and liability sections separately
- Check causes of loss, deductibles and business income conditions
- Ask whether vehicle, professional, cyber or employee risks need separate coverage
Coverage, eligibility, limits and exclusions depend on the insurer and policy. Review the actual policy documents before making a decision.
A closer look
How to compare your options
Business interruptions and additional risks
Business income coverage, when included, is subject to the policy's trigger, waiting period and limits. Ask about equipment breakdown, crime and cyber exposures rather than assuming they are part of every package.
Compare package and separate options
Compare equivalent property values, liability limits, deductibles and covered causes of loss. A lease or contract may identify additional insurance requirements; review the actual wording with an agent.
Before you reach out
A few details can help start the conversation.
- Describe operations and Texas location
- List property owned or leased
- Note contractual coverage requirements
Common questions
Business owner's policy FAQ
Is a BOP the same as general liability?
No. A BOP typically combines selected coverages, while general liability addresses specified third-party claims. The package's actual liability and property provisions must be reviewed.
Does it cover every business closure?
No. Business income coverage depends on policy terms and usually requires a covered cause of physical loss. Check the waiting period, limits and exclusions.
Are employees and business vehicles automatically covered?
Do not assume so. Workers' compensation and commercial auto are typically reviewed separately; examine all applicable policies and endorsements.
What affects eligibility?
Insurers may consider operations, locations, property values and claims history. Ask the insurer which criteria apply to the actual business.
Start a conversation
Ask about business owner's policy.
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