What Is A BOP or Business Owners Policy? Small Business Insurance Explained

What Is A BOP or Business Owners Policy? Small business insurance explained.
You may be looking for business insurance or speaking with insurance brokers and keep hearing the term BOP or Business Owners Policy.
The insurance industry often uses acronyms and other abbreviations so commonly that we think everyone knows what these terms mean. As you can see BOP is an abbreviation for Business Owners Policy, a form of business insurance for small businesses.
A BOP is a package type policy - and I use the word package because the BOP packages or combines property insurance coverages with liability coverages to create the foundation or core of the policy.
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Gordon B. Coyle, CPCU, ARM, AMIM, PWCA
The Coyle Group
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