Business owners policies (BOPs) are tailored insurance solutions designed to provide comprehensive coverage for small and medium-sized businesses by bundling major property and liability risks into a single package.

In addition to making it easier for small businesses to manage their insurance needs, BOPs can potentially reduce costs compared to purchasing separate policies, according to the Insurance Information Institute (Triple-I).

Eligibility for a BOP depends on the nature and size of the business. For instance, certain high-risk industries, such as restaurants, might not qualify due to the specific risks associated with their operations. Generally, businesses that are good candidates for BOPs have 100 or fewer employees and generate revenues of up to approximately $5 million.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Steve Hallo

Steve Hallo is managing editor of He can be reached at [email protected]