Small Business Insurance & Business Owner’s Policy (BOP)
Comprehensive Protection for Small Operations
Running a small business means balancing operations, client needs, and risk – all on a budget. Small business insurance protects you from everyday risks. A Business Owner’s Policy (BOP) combines essential coverages into one affordable package. This offers broad protection, fewer policies, and greater peace of mind.
What Is a Business Owner’s Policy (BOP)?
A Business Owner’s Policy (BOP) combines general liability, commercial property, and often business interruption coverage in one policy. It's designed for small to mid-sized businesses and provides savings compared to purchasing each policy separately.
Did you know?
The property coverage of the Business Owners Policy (BOP) includes buildings and business personal property. However, certain properties are not covered under BOP, such as aircraft, outdoor signs not attached to buildings.
Outdoor signs that are not attached to buildings are not included in the Business Owners Policy (BOP). However, they can be covered with optional coverage or a coverage extension.
If you operate a home-based business, you need a Business Owners Policy (BOP). This policy will protect you from any business-related damages or losses at your home. Homeowners insurance will likely be missing the coverage you need to protect your business and its assets.
Why Choose a BOP for Your Small Business?
Simplicity – One policy, one renewal, streamlined billing.
Cost-effective – Bundling typically lowers premiums compared to separate coverages.
Essential for Risk Management – Protects against lawsuits, property losses, and operational disruptions.
Typical BOP eligibility includes businesses under 100 employees, with less than $1M–$5M in revenue, and moderate premises size.
How Much Does It Cost?
BOP average monthly cost: $40 to $115.
Other core coverages:
General Liability: $25–$115/month
Property Insurance: $60–$190/month
Commercial Auto: $125–$575/month
Cyber Insurance: $40–$145/month
What Does a BOP Cover?
A Business Owner’s Policy (BOP) combines essential protections into one convenient package. Here’s what it typically includes:
| Coverage Type | What It Protects |
|---|---|
| General Liability Insurance | Covers lawsuits, legal fees, and medical costs if your business is held responsible for third-party bodily injury, property damage, or advertising injury. (III) |
| Commercial Property Insurance | Protects your building, office space, equipment, and inventory against fire, theft, vandalism, and certain natural disasters. |
| Business Interruption Insurance | Reimburses lost income and operating expenses if your business must temporarily close due to a covered event, like a fire or major storm. |
| Optional Add-Ons | Many BOPs allow you to add extra protections such as Cyber Liability, Commercial Auto, or Workers’ Compensation for complete coverage. (Progressive) |
Key Takeaway: A Business Owner’s Policy (BOP) bundles liability, property, and business interruption coverage into one affordable policy, with the option to customize additional protections based on your business needs.
Who Should Consider a BOP?
Retail shops, salons, restaurants, offices, small manufacturers
Businesses with physical premises, inventory, or public exposure
Owners seeking both convenience and comprehensive coverage
Alternatively, a Commercial Package Policy (CPP) offers more customization by picking individual coverages. Best for businesses with complex insurance needs.
BOP vs. Standalone Policies
While you can buy liability, property, and business interruption insurance separately, a Business Owner’s Policy (BOP) often provides greater value. Here’s how they compare:
| Feature | Business Owner’s Policy (BOP) | Standalone Policies |
|---|---|---|
| Coverage | Combines General Liability, Commercial Property, and Business Interruption coverage into one policy. | Each coverage must be purchased separately and managed individually. |
| Cost | Often more affordable since insurers bundle coverages at a reduced premium. (III) | Can be more expensive since policies are bought separately without bundling discounts. |
| Convenience | Single policy, one renewal date, and one insurer to deal with. | Multiple policies, different renewal dates, and more paperwork. |
| Flexibility | Can add optional coverages like Cyber Liability or Commercial Auto for customization. | More flexible if you only need one specific type of coverage, but lacks bundling benefits. |
| Best For | Small to mid-sized businesses looking for comprehensive yet affordable coverage in one package. | Businesses with highly unique risks that don’t fit well into a BOP. |
Key Takeaway: A BOP is typically the smarter choice for small businesses that need broad protection at a lower cost, while standalone policies may work better for companies with highly specialized coverage needs.
Do not allow small business insurance myths to endanger your company. In this video, we explore the Top 5 Small Business Insurance Myths and explain why believing them could be costly.
One-size-fits-all insurance does not exist. If you own a business, are an entrepreneur, or work for yourself, this video is for you. It will help you understand the coverage you need. Protecting your hard work is essential.
Obtaining a business insurance quote can be a straightforward process. By gathering essential information—such as your operations, payroll, and claims history—you can expedite the process. This preparation helps you secure coverage that safeguards your company at a competitive rate.
Quick Guide to Accurate Business Insurance Quotes
Ready to Protect Your Business?
Secure your foundation. Let BlueRock help you find the right Small Business Insurance or Business Owner’s Policy (BOP) to protect your assets and peace of mind.
Why BlueRock Is Your Ideal Partner
Licensed across NY, NJ, PA, CT & MA
Customized BOP solutions to match your business risk
Transparent pricing and guidance through the quote and claims process
Add-on coverage options tailored to your business, like cyber or equipment breakdown
Frequently Asked Questions About Small Business Insurance (BOP)
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Business Owner’s Policy (BOP) combines general liability insurance, commercial property insurance, and business interruption insurance into one convenient, cost-effective package. It’s designed specifically for small to mid-sized businesses.
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Most small businesses benefit from a BOP, especially those that:
Own or lease a commercial space
Have valuable equipment, tools, or inventory
Interact with customers or clients
Employ workers
Want affordable, bundled protection
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Small business insurance provides protection for various risks. It can cover property damage. It also addresses liability claims. Additionally, it protects against lost income. Employee injuries are included in the coverage as well. Lastly, it offers safeguards against cyber risks. The specific protections depend on the coverage selected.
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The cost of a Business Owner’s Policy depends on several factors. These include the industry, location, revenue, number of employees, and coverage limits. On average, many small businesses pay between $40–$100 per month for a BOP.
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Yes. At Blue Rock Insurance Services, you can begin with a Business Owner's Policy (BOP). You can also add extra coverage, such as Workers’ Compensation, Commercial Auto, Professional Liability, or Cyber Liability Insurance for comprehensive protection.
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While a Business Owner's Policy (BOP) is not legally required, some coverages are often mandatory. For example, Workers’ Compensation and Commercial Auto Insurance may be required based on your state and type of business.
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After any loss or damage:
Contact your insurance carrier directly to initiate the claims process.
For guidance, you can also call Blue Rock at 718-886-6601 or email info@hibluerock.com. Include documents like loss receipts, photos, and police reports to help streamline the process.
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Blue Rock is based in Flushing, NY:
Address: 133-36 41st Rd, Ste 2L, Flushing, NY 11355
Free Quote / General Inquiries:
Phone: 718-886-6601
Email: info@hibluerock.com
Our team is here Monday through Friday to guide you through quotes, policy selection, and claims assistance.
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Founded in 2015, Blue Rock’s leadership brings more than 30 years of experience. They offer:
Access to many carriers for cost-effective coverage
Personalized, easy-to-navigate service powered by automation and transparency
Commitment to integrity, long-term relationships, and continuous education
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