Sometimes referred to as "BOP", a Business Owner's Policy is a package of insurance that is bundled specifically for small and medium sized businesses. Typically covered items include safeguarding the business owner from loss of revenue as a result of various incidents like fire, theft, etc. It is usually sold at a premium that is less than the total cost of the individual coverages. Umbrellas and additional coverage may be added as needed by each individual client.
Keep in mind, some businesses are required to carry a certain amount of coverage in order to do business in a particular state, in a particular industry, or may be required by their client. To find out if your business is required by law to maintain a certain amount of coverage in order to obtain and retain licensing just complete the following form: