Business Owner's Package
A Business Owner's Package policy (B.O.P.) contains many of the insurance coverages needed by most small businesses. While these policies are not standard, there is great deal of variation from insurance company to insurance company. The basic B.O.P. offers business property for both building and contents and liability insurance protection for the operation of your business. This liability protection will generally include both the operation of your business at its established location and the liability from your products or completed operations.
Some, but not all of the policies, will also offer business income and extra expense protection after an insured loss. B.O.P.'s do not contain all of the coverages needed by a small business. Notably they do not cover any workers’ compensation, professional liability or business vehicle coverage.