Business Owners Policy (BOP) Insurance
Comprehensive Protection in a Single Policy
At Garrett Insurance Agency, LLC, we know that running a small or mid-sized business comes with unique challenges. That’s why we offer a Business Owners Policy (BOP) — a streamlined package that combines multiple essential coverages into one plan. A BOP helps protect your business from common risks while often providing better value than purchasing separate policies.
Our team works with you to design a policy that fits your operations, industry, and goals. With more than 100 years of experience serving businesses, Garrett Insurance provides the expertise and guidance you need to safeguard what matters most.
What a Business Owners Policy Includes
A customized BOP can bring together key coverages such as:
Commercial General Liability
Covers accidents, injuries, and damages on your premises or due to your products/services.
Property Insurance
Protects your building, equipment, and inventory.
Business Income Insurance
Helps replace lost income if operations are interrupted by a covered event.
Crime Insurance
Provides protection against theft, fraud, or employee dishonesty.
Additional options can be added to match your needs, such as:
- Products and Completed Operations
- Premises Liability & Medical Coverage
- Fire Legal Liability
- On-Site Equipment Coverage
- Inventory Loss
Why Choose a BOP?
A Business Owners Policy is designed to simplify protection for small and mid-sized businesses while offering flexibility to adapt coverage as your business grows. By bundling essential coverages into one package, you can:
- Save on premiums compared to buying policies separately
- Reduce administrative complexity with one combined policy
- Gain peace of mind knowing critical exposures are addressed
Is a BOP Right for Your Business?
Not every company qualifies for a BOP. Eligibility often depends on the size of your business, the industry you operate in, and the risks you face. That’s where working with an experienced advisor makes all the difference.
At Garrett Insurance Agency, LLC, we’ll assess your operations and help you determine whether a BOP is the right fit — or if another commercial insurance solution may better serve your needs.
Protect Your Business with Confidence
A single unexpected event could put your business at risk. A customized Business Owners Policy from Garrett Insurance helps ensure your operations, employees, and future remain protected.
Contact Garrett Insurance Agency, LLC today to learn more about BOP coverage and request a customized quote.
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Frequently Asked Questions
What is a Business Owners Policy?
A Business Owners Policy (BOP) is an insurance package designed for small to mid-sized businesses, combining several key coverages into one policy. It typically includes commercial property insurance to protect buildings, equipment, and inventory; general liability insurance to cover medical expenses and legal fees if someone is injured or property is damaged; business income insurance to help pay bills and employees if the business must temporarily close; and crime insurance to safeguard against fraud, theft, and forgery. This comprehensive policy simplifies managing business insurance needs.
What is business income coverage?
Business income insurance, also referred to as business interruption insurance, provides financial protection for the loss of business income in case operations are halted due to a covered risk. Examples of such risks include: – Fire – Theft – Wind damage
What is equipment breakdown coverage on my commercial policy?
Equipment breakdown insurance covers damages resulting from internal forces such as power surges, electrical shorts, mechanical breakdowns, motor burnout, or operator error. While this insurance does cover computers, it does not include software. To fully protect your computer systems, including software, you will need cyber liability insurance.
What is Products-Completed Operations Coverage?
Products-Completed Operations Coverage protects your business against liability claims arising from products you’ve sold or operations you’ve completed away from your premises, covering incidents where your business’s activities result in bodily injury or property damage. This coverage is often included in small business insurance policies, such as general liability insurance and a Businessowners Policy (BOP). It’s also known as products and completed operations coverage.
What does Employment Practice Liability Insurance cover?
The most frequent types of claims covered under such policies include: wrongful termination, discrimination, sexual harassment, and retaliation. In addition, the policies cover claims from a variety of other types of inappropriate workplace conduct, including (but not limited to) employment-related: defamation, invasion of privacy, failure to promote, deprivation of a career opportunity, and negligent evaluation. The policies cover directors and officers, management personnel, and employees as insureds. The most common exclusions are for bodily injury (BI), property damage (PD), and intentional/dishonest acts. Although EPLI is available as a stand-alone coverage, it is also frequently sold as part of a management liability package policy.
OUR PROMISE TO YOU
- We will provide customized solutions and personalized products based on your needs.
- We will be available to you any time so getting important information will be easy for you.
- We will manage your risk as well as any claims that you file.
- We will ease your worry and protect your treasures by transferring identified risks to an insurance product, all the while keeping it simple to understand for you.
We welcome an opportunity to discuss your home insurance needs, so please contact us or give us a call. You can also request a quote if you’re ready to get started.