What Is a BOP?
A Business Owners Package (BOP) is a bundled commercial insurance solution that combines essential coverages into a practical, cost-efficient policy tailored to small and mid-sized businesses. It typically wraps together:
- General Liability
- Commercial Property
- Business Interruption / Income
Additional options—such as equipment breakdown, inland marine, or crime insurance—can be added to match your business needs.
Who Benefits from a BOP?
This is ideal for Florida businesses that are:
- Based in a leased or owned commercial location
- Low risk operations (retail, professional services, small clinics, contractors, cafés, etc.)
- Operating with fewer than 100 employees and under ~$5M in annual revenueAll Floridian InsuranceWikipedia
What’s Included in Your BOP?
🏢 Commercial Property Coverage
Covers your building, inventory, equipment, and property in your care—against fire, theft, vandalism, storms, and more.
⚖️ General Liability
Protects your business from claims involving bodily injury, property damage, advertising injury, or libel/slander. It covers legal defense and settlements.
⏸️ Business Interruption / Income Protection
Replaces lost income and covers extra expenses if a covered loss forces temporary closure. Usually covers up to 12 months of income.
Valuable Optional Add Ons (Endorsements)
Customize your BOP with:
- Inland Marine (equipment floater) for tools and inventory off-premises.
- Equipment breakdown protection for HVAC, boilers, and machinery
- Crime/fidelity coverage for employee theft, forgery, or robbery.
- Cyber liability, professional liability, EPLI, hired & non owned auto, umbrella coverage.
What a BOP Typically Doesn’t Include
- Workers’ Compensation
- Business auto/liability for owned vehicles
- Professional liability (exceptions may exist depending on endorsements)
- Flood or earthquake coverage—most require separate policies.
Why Choose a BOP?
- Simplified insurance management — One combined policy for essential business coverage.
- Lower premiums — Bundling saves money compared to buying individual policies.
- Covers contract or lease requirements — Often required by landlords or clients.
Frequently Asked Questions
Can I bundle Workers’ Compensation with a BOP?
Yes—many carriers offer a workers’ comp endorsement. It must be added separately; standard BOPs don’t include it.
If I have valuable tools on job sites, am I covered?
No—unless you add inland marine or equipment floater endorsement to your policy.
Is BOP enough if my operation is growing?
For many expanding businesses, BOPs remain sufficient. but you may later consider a tailored commercial package for larger scale or specialized coverages.
Ready to Get Covered?
Call FLB Insurance Agency today for a fast, customized quote. We insure boaters in Cape Coral and across the entire state of Florida.
