Business Owners Policy


What is a Business Owners Policy?

Business owners insurance, also known as BOP insurance, is a policy that combines both commercial property and general lilabilityinto one comprehensive package. Having both coverages under one roof can save a business extra time and money. A business owners policy is popular among a variety of small and medium-sized businesses such as restaurants, wholesalers, retail stores and contractors.

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What Does a Business Owners Policy Cover?

There are two core components of a Business Owners Policy commercial property and General Liability Insurance


The Property insurance coverages available on a business owners policy are the same as those on a commercial property insurance policy


The liability insurance coverages available on a business owners policy are the same as those on a General liability policy. This includes protection against liabilities like customer injury and property damage, advertising injury, and product related claims.

It is important to note that Business Owners Policies do not cover your employees. In a case such as this, you will need a separate Workers Compensation Policy

How much does a Business Owners Policy cost?

The amount you pay for your business owners policy depends on the specific needs of your business. By taking into account factors such as the size and location of your property, as well as the type of business you operate, you can get a business owners policy that provides the coverage you need at a price that fits your budget.

Typical small business May pay as little as $500 a year for a business owners policy while a large corporation may spend as much as $400,000+ per year.

There are many factors that influence the pricing for a business owners policy:

  • Protection Is the commercial property equipped with protective devices, have access to a water source, and in the vicinity of a fire station?
  • Exposure Is the commercial property potentially located in a high risk crime or flood zone?
  • Occupancy Does the commercial property act as a residence for some or provide a place of work?
  • Construction Is the commercial property old or new construction? Is the commercial property built on frame, masonry, or something else?
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How much does a Business Owners Policy cost in Delaware?

Business owners insurance in Delaware, like every other U.S. state, requires property owners to have some form of property insurance to cover against losses. Included causes of loss are fires & theft as well as accidental damages caused by owners or tenants. As much as all states’ requirements vary slightly, property insurance policies must cover a minimum of fire and physical damage, theft and liability.

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