Business owner’s insurance, also known as BOP insurance, is a policy that combines both property and liability coverage into one package. It’s popular among a variety of small and medium-sized businesses such as restaurants, wholesalers, retail stores, and contractors. Discover more about BOP coverage, cost, and how you can protect your business through the Progressive Advantage® Business Program.
A BOP contains two coverages:
Liability, which includes protection against liabilities like customer injury and property damage, advertising injury, and product-related claims. Liability coverage doesn’t cover employees though, you’ll need a second policy (workers’ compensation) for that.
As well as Property coverage, which provides protection for commercial buildings and the movable property owned by and used for the business – referred to as business personal property. It can also pay for other things like debris removal, loss of income, and pollution cleanup as part of a covered loss.
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