Every business faces risks. Some you can see coming, and others you never expect. A Business Owner’s Policy (BOP) pulls the most important types of protection into one simple package, so you can stop worrying about what might go wrong and focus on what’s next for your business.

A BOP is designed for high-growth companies in industries like technology, professional services, and life sciences. Combining coverages like General Liability Insurance and Business Property Insurance into a single policy can help you protect what you’ve built while keeping your insurance cost-effective and easy to manage.

What’s Covered in a Business Owner’s Policy

A BOP bundles several key protections that work together to safeguard your people, property, and day-to-day operations:

• General Liability Insurance protects your business when third parties claim injury or damage. Think: a client slips in your office, or a competitor claims your ad hurt their reputation. This coverage helps with medical costs, legal fees, and settlements.
• Business Property Insurance covers the physical assets you rely on—your building, furniture, equipment, and inventory—from losses due to fire, theft, or vandalism. BOPs can also cover mobile tools and laptops, which is especially helpful for remote or hybrid teams.
• Employee Benefits Liability steps in when administrative errors cause financial harm, like mismanaging health plan enrollment or misstating retirement benefits. This coverage can help manage the financial fallout from these administrative errors.
• Hired and Non-Owned Auto Insurance extends liability protection when employees drive personal or rented vehicles for work. If there's an accident on the way to a client meeting, this can cover third-party injuries or damage.

What’s Not Covered in a Business Owner’s Policy

A BOP is a smart starting point, but it doesn’t cover every risk. Some risks require separate policies or endorsements to ensure your business is fully protected:

• Professional Liability Insurance: Covers claims related to mistakes or oversights in your services. 
• Workers’ Compensation Insurance: Required in most states to cover work-related injuries or illnesses. 
• Commercial Auto Insurance: Needed if your business owns or operates vehicles.
• Flood and Earthquake Coverage: Not included unless added through a specific endorsement. 
• Wear and Tear or Equipment Breakdown: Insurance covers sudden, accidental events, not routine maintenance or aging equipment. 

In short, a BOP gives you the essential protection most businesses need, while other policies help fill in the gaps as your company grows or faces new risks.

Additional or Optional Coverages

One of the best things about a BOP is how customizable it is. You can build on the basics with extra protection that fits your specific operations and priorities.

• Cyber Insurance helps if your business experiences a data breach, ransomware attack, or digital extortion attempt.
• Equipment Breakdown Insurance may pay to repair or replace key systems or machinery that unexpectedly fail.
• Business Income (Interruption) Insurance helps replace lost revenue and cover ongoing expenses if you have to temporarily close after a covered loss, like a fire or storm.
• Employment Practices Liability Insurance protects your business from claims of discrimination, wrongful termination, or harassment.
• Crime Insurance helps safeguard against employee theft, fraud, or forgery.

By tailoring your BOP to your specific model and risk profile, you can make sure your coverage reflects how you actually operate, not just a generic industry template. Note that adding coverages to your BOP may increase your costs, so it's important to work with an expert to know how much you need. Vouch helps design policies that align with your stage, scale with your growth, and adapt as new risks emerge.

Simplify Your Insurance

A Business Owner’s Policy is a smart way to simplify your insurance and gain peace of mind. It combines essential protections into one plan, reduces the chances of coverage gaps, and leaves room for flexibility as your business grows. In short, it’s a foundation for stability that lets you stay focused on building what’s next.

Frequently Asked Questions

Can I customize my BOP?‍

Yes. You can add coverages like Cyber, Equipment Breakdown, or Employment Practices Liability to tailor your protection to your exact needs.

Is Business Income Insurance included automatically?‍

Some policies include it, while others offer it as an add-on. It’s always worth reviewing your policy or checking with your broker to confirm what’s covered.

Do I need other policies besides a BOP?‍

A BOP is your foundation, but you’ll likely still need coverage for Workers’ Compensation, Commercial Auto, Professional Liability, and more, depending on how your business operates.

Vouch Specialty Insurance Services, LLC (CA License #6004944) is a licensed insurance producer in states where it conducts business. A complete list of state licenses is available at vouch.us/legal/licenses. Insurance products are underwritten by various insurance carriers, not by Vouch. This material is for informational purposes only and does not create a binding contract or alter policy terms. Coverage availability, terms, and conditions vary by state and are subject to underwriting review and approval.

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