Business Owner’s Policy

Coverage needs vary, but most small businesses choose $1 million per claim / $2 million aggregate general liability limits. This provides solid protection against most common claims.

Pro Tip: Many BOPs include defense costs outside the policy limit, so you don’t have to worry about legal fees eating into your coverage.

Business personal property includes tools, equipment, inventory, and furnishings—basically, anything movable that your business owns. This is covered under a BOP’s property insurance.

Yes. If your business is sued for libel, slander, or copyright infringement related to your advertising (including social media), your BOP’s general liability section can help cover legal costs.

Generally, no. Independent contractors should carry their own business insurance. You can sometimes add them as additional insureds, but it’s usually better to require them to have separate coverage.

Pro Tip: If you add a contractor to your policy, you may lose your right to recover damages if they cause harm to your business. It’s safer to require a certificate of insurance from them instead.

A standard Business Owner’s Policy typically does not include cyber liability insurance, but you can add it as an endorsement. Cyber Liability Insurance helps cover expenses related to data breaches, cyberattacks, and fraud.

Yes. Many BOPs include Business Interruption Insurance, which helps replace lost income if your business is forced to close due to a covered event like a fire or natural disaster.