Business Owner’s Policy (BOP) – BOP Insurance

(BOP) Business Owner’s Policy & BOP Insurance
By: Allen Financial Insurance Group

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What is Business Owner’s Policy? What is a BOP?

A Business Owner’s Policy (BOP) combines business property and business liability insurance into one convenient policy. BOP Insurance helps cover your business from claims resulting from things like fire, theft or another covered disaster and from claims involving bodily injury, property damage and personal and advertising injury that could arise from your business’ operations. 

Many small business owners mistakenly believe that if they have general liability insurance, their own losses are covered as well as the losses of their customers. But a general liability policy does not protect you when it comes to your OWN property. If you want to protect your own property consider buying Business Owner’s Policy (BOP).

A (BOP) protects your business in a number of ways. It’s a policy that is important for you to know about because the unthinkable can always happen, and as a business owner you want protection from financially devastating possibilities. 

In today’s highly competitive business environment need every advantage to succeed. That’s especially true when it comes to selecting your business insurance. A business owner’s policy (BOP) along with Allen Financial’s superior line of business insurance policies you get very broad coverage at a highly competitive price. This gives you the protection you need and the cost savings you demand. 

BREAKING DOWN ‘Business Owner Policy (BOP)’

Specific coverage included in our BOP Insurance policy, A typical BOP policy includes… 

  • Commercial Property Insurance: AFIG property insurance can help protect the property your business owns, leases or rents, including things like buildings, equipment, inventory, furniture and fixtures. It provides coverage for loss of accounts receivable and valuable papers and records. Our BOP Insurance will also cover any business-owned items or items owned by a third party but kept temporarily in the care, custody or control of the business or business owner. Business property must usually be stored or kept in qualifying proximity of business premises (such as within 100 feet of the premises).
  • Business Interruption Insurance: If unexpected events cause a suspension in your operations AFIG’s BOP insurance policy
    covers the loss of income resulting from a fire or other catastrophe that disrupts the operation of the business. It can also include the extra expense of operating out of a temporary location.
  • General Liability Protection: Our Business Owner’s Policy covers the insured’s legal responsibility for damages it may inflict on others. When it comes to liability protection, the broader the coverage the better. That’s why The AFIG’s BOP Insurance policy provides business liability insurance that helps cover your business in the event it is sued for causing harm to a person and/or damage to property. It also helps cover the cost of your defense – because businesses can be sued even if they did nothing wrong.

What’s the Advantage of a Business Owner’s Policy?

Purchasing BOP insurance is smart and convenient. It simplifies coverage needs by including business property and business liability, two important coverages that most businesses need, in one policy. Compared to purchasing separate policies for business property and business liability, Allen Financial Insruance Group’s Business Owner’s Policy (BOP) offers businesses a way to save money while getting broad coverage for things like fire, theft, lawsuits and loss of income.
It’s an even smarter and more convenient choice because other important coverages can be added to it. Businesses with specific needs can tailor their business owner’s policy (BOP) by adding additional coverages like business income for off-premises utility services, data breach and more, to suit the particular needs of their company.

Who Needs a Business Owner’s Policy?

You should consider a business owner’s insurance policy if:
  • Your business has a physical location, whether it’s out of your home or a rented or owned office, store or other work place.
  • There’s a possibility of you being sued – for example, by a customer who was injured at your work place.
  • You have assets that could be stolen or damaged – whether they’re digital assets, customer data, equipment, furniture, cash or inventory.
  • You need general liability insurance coverage.

What Business Owner’s Policy (BOP) does NOT Cover

To get professional services you can choose to buy a professional liability insurance policy in addition to Business Owners Policy.

  • Certain claims, including those arising from professional services you perform.
  • Client damages if you provide inaccurate or incomplete advice to a client.

Building Coverage Includes:

  • Completed Additions

  • Fences & Fixtures

  • Permanently Attached Machinery & Equipment

  • Building Glass

  • Retaining Walls

  • Owned equipment used to maintain property

  • Newly acquired or constructed buildings – $500,000 for 180 days

  • Ordinance of Law – $25,000

  • Outdoor Trees, Plants & Shrubs – $3,000

Equipment Breakdown – Included

  • $25,000 coverage for pollutant contamination

  • $25,000 coverage for expediting expenses

  • $100,000 limit to diagnostic, power generating or production equipment  (Limit can be increased by endorsement)

Additional Coverage Included:

  • Arson & Theft Reward up to $5,000

  • Claim Data Expense – Up to $5,000 for appraisal and inventory expenses

  • Debris Removal – 25% of direct claim amount to maximum of $25,000

  • Expediting Expenses up to $25,000

  • Fire Department Service Charge to $25,000  (deductible does not apply)

  • Fire Protective Equipment Discharge – $10,000 for accidental or intentional discharge

  • Pollutant Cleanup and removal – $25,000 annual aggregate

Liability Coverage Includes:


  • Premises & Operations

  • Advertising & Personal Injury

  • Blanket Contractual – Oral & Written

  • Products & Completed Operations

  • Broad Form Property Damage

  • Unlimited Defense Costs

  • Host Liquor Legal Liability

  • Medical Payments – $5,000

  • Damage to Premises Rented to You – $300,000

  • Web Extend for website liability

  • Limited Worldwide Coverage

Business Personal Property Includes:

  • Property within 1000 feet of the premises

  • Improvements & Betterments

  • Money & Securities

  • Theft of furs up to $2,500

  • Theft of jewelry, watches and precious metals up to $5,000

  • Newly acquired business personal property – $250,000 for 180 days

  • In Transit and at temporary locations you do not own

  • Spoilage

  • Temporary Relocation of Property – $50,000 for up to 90 days

  • Theft damage to rented property

  • Non-Owned Detached Trailers – $5,000

Fine Arts up to $25,000  (Limits can be increased by endorsement)
Business Income & Extra Expense – Actual Loss Sustained for up to 12 months.

  • Deductible does not apply

  • Up to 60 days extended period of indemnity

  • Business Income newly acquired premises – $250,000 for 90 days

  • Employee Dishonesty – Up to $25,000 (Limit can be increased by endorsement)
  • Forgery or Alteration – Up to $25,000 (Limit can be increased by endorsement)
  • Accounts Receivable – Up to $25,000 (Limit can be increased by endorsement)
  • Valuable Papers – Up to $25,000 (Limit can be increased by endorsement)
Liability Options Available:
  • Aircraft chartered with crew

  • Blanket Additional Insured

  • Blanket Waiver of Subrogation

  • Bodily Injury – Amended Definition

  • Broadened Named Insured

  • Incidental Medical Malpractice

  • Injury to co-employees and co-volunteers

  • Knowledge and notice of occurrence

  • Non-Owned Watercraft increased to 50′

  • Personal Injury – Assumed by Contract

  • Employee Benefits Liability

  • Garagekeepers Legal Liability – Available by endorsement
    Hired & Non-Owned Auto – Available by endorsement



With our Business Owner’s Policy (BOP), you can reduce your premium costs by choosing a higher deductible. We offer a wide variety of deductible options, from $250 to $5,000. What’s more, we offer substantial discounts to businesses in buildings equipped with sprinklers and superior construction.


Settling a claim has never been easier. Allen Financial Insurance Group has claims offices throughout the nation to provide fast, accurate claims service. We’re among the top-rated insurers in handling claims. 


You also have a choice of payment plans to make it easy on your budget. Ask us about the flexible payment options we offer.

Business Owner’s Policy (BOP)

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