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Business Owner’s Policy 
BOP Insurance in Texas

Essential Business Coverage in One Policy

Many small and mid-sized businesses need more than one type of insurance protection.

A Business Owner’s Policy, commonly called a BOP, can combine several important commercial coverages into one policy for eligible businesses.

At Next Move Insurance, we help Texas business owners determine whether a BOP may be appropriate and compare available commercial insurance options.

What Is a Business Owner’s Policy?
 

A BOP is designed to package several business insurance coverages together.

Depending on the insurer and policy, a BOP may combine coverage such as:

Commercial Property

Protection for eligible business property such as your building, equipment, furniture, inventory or other covered assets.

General Liability

Protection for certain claims involving bodily injury, property damage and other covered liability situations.

Business Income

Coverage may help replace qualifying lost income when your business cannot operate normally because of direct physical damage from a covered loss.

Additional coverage options may also be available depending on the insurer and business.

Why Consider a BOP?

Instead of buying every type of coverage separately, eligible businesses may be able to combine important protections into one policy.

Potential benefits may include:

  • Simpler insurance management

  • Multiple coverages under one policy

  • Coverage designed for small and mid-sized businesses

  • Ability to add certain endorsements

  • Potential cost efficiencies compared with purchasing some coverages separately

Eligibility and available coverage depend on the insurance company.

What Types of Businesses May Qualify?

BOP eligibility varies between carriers, but policies may be available for many types of businesses such as:

  • Retail stores

  • Offices

  • Professional services

  • Small contractors

  • Real estate offices

  • Service businesses

  • Restaurants

  • Salons

  • Small commercial property operations

  • Other qualifying small businesses

The business size, revenue, property, industry and risk characteristics can affect eligibility.

What Does a BOP Typically Not Replace?

A BOP does not automatically include every type of business insurance you may need.

Depending on your operation, you may also need to consider:

  • Commercial auto

  • Workers’ compensation

  • Professional liability

  • Cyber coverage

  • Commercial umbrella or excess liability

  • Builder’s risk

  • Equipment coverage

  • Flood insurance

  • Windstorm insurance

  • Other industry-specific coverage

That is why we review your entire business rather than assuming a BOP solves everything.

Commercial Property Coverage

If your business owns:

  • Equipment

  • Furniture

  • Inventory

  • Machinery

  • Computers

  • Signs

  • Building improvements

  • Other business property

a BOP may include protection for qualifying covered property losses.

Coverage depends on the policy.

General Liability Coverage

General liability can help with certain third-party claims involving:

  • Bodily injury

  • Property damage

  • Personal injury

  • Advertising injury

For example, if a customer is injured at your business location, liability coverage may become relevant depending on the circumstances and policy terms.

Business Income Coverage

A property loss can affect more than the building itself.

Imagine a covered fire damages your office and prevents you from operating for several weeks.

Business income or business interruption coverage may help with qualifying income losses and certain expenses while the business recovers from covered property damage.

Do I Need a BOP if I
Rent My Business Location?

Possibly.

Even if you do not own the building, your business may still have:

  • Furniture

  • Equipment

  • Inventory

  • Computers

  • Tenant improvements

  • Liability exposures

A BOP may still be worth discussing.

Do Home-Based
Businesses Need Insurance?

Sometimes.

A homeowners policy may not provide adequate protection for business activities, equipment or liability.

If you run a business from home, tell us:

  • What you do

  • Whether customers visit

  • Whether employees work there

  • What equipment you own

  • Whether you make deliveries

  • Whether you use a vehicle for business

We can help determine what business insurance options may be appropriate.

BOP Insurance FAQ

What does BOP stand for?

BOP stands for Business Owner’s Policy.

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Does a BOP include general liability?

Many BOP policies include commercial general liability, but coverage varies by insurer and policy.

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Does a BOP cover my business building?

Commercial property coverage may be included depending on the policy and whether you own or lease the property.

Does a BOP include commercial auto?

Usually commercial auto is handled separately.

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Does a BOP cover lost business income?

Many policies may include or offer business income coverage for qualifying losses caused by covered property damage.

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Is every business eligible for a BOP?

No. Eligibility depends on the insurer, business type, size and risk characteristics.

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Is a BOP Right for Your Business?

You do not need to figure it out by yourself.

Tell us about your business and we'll help you explore the available options.

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