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Workers' Comp Insurance
Business Owners Policy (BOP)
A Business Owners Policy, or BOP, protects your small business from a variety of risks, usually through a combination ofgeneral liability, property, and workers' compensation insurance.
Who Needs a Business Owners Policy?
All small businesses such as retail stores, restaurants, and independent contractors typically need a BOP to safeguard against unexpected financial losses beyond general liability claims.
What's In a BOP?
A simple BOP might contain only a few coverages, such as:
General liability - Provides protection if you cause bodily injury, property damage, personal injury or advertising injury. *Eligible contractors can get General Liability as a standalone coverage.
Property - Provides replacement cost coverage for buildings and most business owners' personal property.
Workers' compensation - Protects you and your employees from financial hardships caused by accidents or illnesses related to the job.