What Types of Businesses Are Eligible for a Business Owners Policy (BOP)?

What Types of Businesses Are Eligible for a Business Owners Policy (BOP)?

What Types of Businesses Are Eligible for a Business Owners Policy (BOP)?

Here’s some points to remember:

  • A BOP is a comprehensive package of protection for your business.
  • It’s a single policy that tries to meet your different coverage needs.
  • You select the types of coverage to include in your BOP.
  • Nearly all types of businesses are eligible.


Q: I’m thinking about switching to your business owners policy. It seems a lot easier than having a separate policy for each risk. Can any business get one?


Art Rusak is a Farmers Insurance® agent in Chicago, Illinois. He explains why a business owners policy (BOP) might be a good fit for your business. 

A: As you already know, a business owners policy (BOP) is a total package of coverages for your business. It typically provides all the coverage you want in a single Farmers policy that’s easy to manage and can be updated at any time. 

Here are some of the coverage types you can include in your BOP:

  • Property — for your buildings, equipment and inventory
  • Liability — in case you’re responsible for injury to others or damage to their property 
  • Auto — coverage for vehicles your company uses 
  • Lost income — when your revenue stream is interrupted by a covered event 
  • Crime — for theft, forgery, hacking 

You can build out your BOP to suit your business. Farmers® customers include restaurants, contractors, retail stores, manufacturers and sales companies. A BOP is appropriate for any business that has employees or physical property. The exception is a home-based business, which may sometimes be covered under your home or renters policy. You should check the terms of your home/renters policy to see what is and is not covered.

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