Business Owners Insurance

Business Owner's Policy (BOP) Insurance

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What is BOP Insurance?

A business owner's policy (BOP) combines property and liability insurance by packaging these coverages into a single insurance policy. BOP insurance helps cover claims of bodily injury or property damage and is often a good choice for small and medium-sized businesses, such as restaurants, wholesalers or retail shops.

Get your free business owner's policy quote, learn more about business insurance, and see how we can help create a plan that works for your business.

What Does a BOP Insurance Plan Cover?

The 2 main coverages provided in a BOP are liability and property coverages.

Liability
  • Product-related claims
  • Customer injury
  • Advertising injury
Property
  • Commercial buildings
    • Commercial building coverage is not offered by all insurer partners
  • Movable property
  • Debris removal
  • Loss of income and pollution cleanup as part of a covered loss
  • Policy endorsements that can extend coverage to cover exclusions
Business owner policy examples
  • Bodily injury or property damage liability (e.g., you spill water on a client's computer causing damage)
  • Defense costs for covered liability losses (e.g., libel and slander)
  • Protection for business furniture and equipment (e.g., chairs, desks, and computers)

Who Needs a Business Owner's Policy?

Insurance for business owners may be beneficial for you if:

You have a building or property to protect. For example, your business' building or property is destroyed due to a covered loss, like a fire or theft. A Business owner's policy could help pay to repair or replace an owned building. It could also help replace destroyed personal business property, up to the limits you pick.

A BOP is useful for small business such as:
  • Auto service & repair
  • Commercial building & property owners
  • Professional offices
  • Restaurant Insurance
  • Retail store & services

Still have questions? We're here to help you. Still aren't sure if a BOP is right for your business? Feel free to contact us. Our licensed agents will walk you through the process.

How Much Does BOP Insurance Cost?

The cost of BOP policies depends on several factors that reflect the unique risks and needs of your business. These include location, industry, business size, the value of your physical assets, the number of employees, the nature of your operations, and the coverage limits you choose.

For example, a retail store with a high inventory value will typically pay more than a small consulting firm with minimal physical assets. Similarly, a business in an area prone to natural disasters or higher crime rates may face higher premiums than one in a low-crime area.

What May Impact the Cost of a Business Owner's Policy (BOP)?
  • High exposure to risk
  • Claims history
  • High coverage requirements
  • Type of profession

Customizing your Business Owner's Policy (BOP) Insurance to fit your business' specific needs is the best way to get the right coverage at a price that works for you.

Explore additional coverage options for your BOP Insurance

  • General Liability Insurance (GL)

    This insurance covers your business operations, for things like:

    • Physical injury
    • Property damage
    • Personal and advertising injury to a third party

    This coverage can be a standalone product or included in a business owner's policy (BOP).

    Get a Quote

  • Professional Liability Insurance

    This provides coverage for:

    • Professional services you provide
    • Business advice you might give clients

    Also known as errors and omissions or E&O Insurance. Examples of companies that use this coverage include IT consulting, accountants, and architects.

    Get a Quote

  • Workers' Compensation Insurance

    This helps provide financial protection for job-related:

    • Accidents
    • Illnesses

    Get a Quote

  • Cyber Liability Insurance

    Protects businesses from losses from computer-related attacks, such as malware, phishing, ransomware, or stolen personal data.

    Get a Quote

Commercial Auto Insurance

This insurance helps protect vehicles that your business owns, leases, or uses for work-related purposes. It typically provides coverage for:

  • Accidents involving your business vehicles
  • Damage to your vehicles
  • Injuries to drivers and passengers
  • Damage to another person's property
  • Liability claims arising from business vehicle use

Commercial auto insurance can help ensure you stay protected when driving for business and may be required for certain contracts or types of work.

Learn more about protecting your business with GEICO. Call GEICO to get started today!

Need to Speak with Us About BOP Insurance Coverage?

You can reach an agent at (866) 509-9444.

  • Mon – Fri
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    9:00 AM – 7:00 PM (ET)

Business Owners Insurance: Get the answers you're looking for.

  • What is business personal property?
    Business personal property (BPP) is the movable items your business owns, such as furniture, equipment, tools, and inventory. Unlike real property, which refers to buildings or land, BPP covers assets that can be transported or relocated. Typically, a business owner's policy includes coverage for business personal property, but it's important to review your policy or speak with your insurance provider to ensure coverage.
  • Does a business owners policy (BOP) cover leased or rented business property?
    A business owner's policy can cover leased or rented business property if it is specified in the policy. Typically, the property insurance portion of a BOP protects the physical structure if you are responsible for it under your lease agreement. This coverage helps safeguard a business against losses due to fire, vandalism, or certain natural disasters. Be sure to review your lease terms and policy details to ensure the building is adequately covered.
  • How can I manage my business owner's insurance policy?

    Geico Insurance Agency has made it easy for you to speak directly with an insurance professional who can help you.

    Managing your business is hard enough. That's why we've made it easy to keep up to date with your business owner's policy. We're here to help you make any necessary updates, because we know your business may change. Access your policy online or give us a call.

  • Do I need workers' compensation for my small business?
    Managing business is hard work. Let us help you learn more about workers' compensation insurance to determine if it is right for your business.
  • Do you sell other business insurance products?
    Yes! Whether you're a small business just getting started or looking for better insurance rates, GEICO Insurance Agency can help. Answer a few short questions about your business so we can help narrow down the search with you.
  • Do you have any information about starting a new business?
    Sure, we do! Here's 6 smart tips about starting a new business.
  • Is my small business properly covered?
    For most small businesses, general liability insurance is recommended. Beyond that, it depends on your unique situation, but you may also need workers' compensation, commercial auto, and/or professional liability insurance as well. Learn more about what insurance your business needs.
  • Do I need additional General Liability insurance if I have a BOP?
    In most cases, no—getting a BOP is essentially the same as purchasing General Liability insurance, with the added benefit of bundled commercial property coverage at a lower overall cost.
  • Does a business owner’s policy cover rented business property?
    Yes, a BOP can cover leased or rented business property by protecting your business personal property and, in some cases, improvements or build-outs you’ve made to the space. The building itself, however, is typically covered by the landlord.
  • Can a business owner’s policy help pay for damage from natural disasters?
    A BOP commonly covers damage from events like fire, windstorms, hail, and lightning, but usually excludes floods and earthquakes, which can be added through separate endorsements or standalone policies.

Please note:

The above is meant as general information and as general policy descriptions to help you understand the different types of coverages. These descriptions do not refer to any specific contract of insurance and they do not modify any definitions, exclusions or any other provision expressly stated in any contracts of insurance. We encourage you to speak to your insurance representative and to read your policy contract to fully understand your coverages.

For online quotes:

When you click on "START QUOTE" and "Start your quote now", we gather some pieces of information and you may be taken to the website of one of the insurance companies with which GEICO Insurance Agency, LLC works, which website is not owned or controlled by GEICO. Each insurer has sole financial responsibility for its own products. GEICO has no control over the privacy practices of these insurance companies and assumes no responsibility in connection with your use of their websites. Any information that you directly provide to one of these insurance companies is subject to the privacy policy posted on that insurer's website. All business products offered are written on an admitted basis. General Liability coverages are written through non-GEICO insurance companies and are secured through the GEICO Insurance Agency, LLC. The information you provide will be shared with our business partners so that they can return a quote. We can help you secure business insurance in all states except Hawaii.

Commercial auto coverage is underwritten by GEICO General Insurance Company. In some cases commercial auto coverage is provided through GEICO Insurance Agency, LLC, either under an arrangement with National Indemnity Company (NICO), a Berkshire Hathaway affiliate, or with non-affiliated insurers.

Other business insurance coverages are written through either Berkshire Hathaway affiliated or non-affiliated insurance companies and are secured through the GEICO Insurance Agency, LLC. We can help you secure business insurance in all states except Hawaii.

The information you provide will be shared with our business partners so that they can return a quote.