GENERAL LIABILITY INSURANCE
Covers third-party claims for bodily injury, property damage, and advertising mistakes, providing legal defense and settlement costs.
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GET AFFORDABLE BUSINESS OWNER’S INSURANCE RATES
General Liability
Property
Business Interruption
Workers' Compensation
Other
HANDPICKED CARRIERS –
LOWER COSTS, HIGHER SATISFACTION
WHY IS CINCO THE BEST CHOICE FOR BUSINESS OWNERS' INSURANCE?
Competitive Rates
Industry Expertise
With or Without a License
With Good Credit, Bad Credit, or No Credit
Online/
Phone/
In-Person
Services
Multiple Convenient Locations Near You
WHAT COVERAGES CAN I GET FOR MY BUSINESS OWNER’S POLICY?
COMMERCIAL PROPERTY INSURANCE
Protects your business property, including buildings, equipment, and inventory, from damage caused by fire, theft, or vandalism.
BUSINESS INTERRUPTION INSURANCE
Compensates for lost income if your business is temporarily closed due to a covered event, such as a natural disaster or fire.
WORKERS' COMPENSATION INSURANCE
Covers medical expenses, lost wages, and rehabilitation costs for employees injured on the job, ensuring compliance with state laws.
CRIME INSURANCE
Protects against financial losses resulting from criminal activities, including theft, burglary, fraud, or employee dishonesty.
EQUIPMENT BREAKDOWN INSURANCE
Covers repair or replacement costs for business equipment that breaks down unexpectedly, helping to minimize downtime.
COMMERCIAL AUTO INSURANCE
Covers vehicles owned by the business, protecting against damages from accidents, theft, or vandalism, and liability for third-party injuries.
DATA BREACH INSURANCE
Covers the costs of managing and recovering from a data breach, including customer notification, credit monitoring, and legal fees.
INLAND MARINE INSURANCE
Protects goods, equipment, or products while in transit or temporarily stored away from the business location, particularly in industries such as construction.
PROFESSIONAL LIABILITY INSURANCE
Covers claims for errors, omissions, or negligence related to professional services provided to clients, protecting against lawsuits and financial damages.
HOW IT WORKS
EXPLORE
Review our diverse insurance solutions on our website to help protect against potential risks that your business may face.
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Contact our insurance experts, who provide tailored coverage options and insurance policy solutions for various types of business owners.
COMPARE
Compare BOP insurance quotes from leading insurance providers with help from our agents and find your ideal insurance plan at affordable rates.
WHAT IS A BUSINESS OWNER'S POLICY?
A business owner’s policy (BOP) is a special type of commercial insurance designed exclusively for small to medium-sized business owners. It combines coverage options, such as property and general liability insurance, under a single policy, offering broader protection against risks including property damage, business interruption, liability claims, and other unforeseen events that may hinder your operations.
This approach simplifies and makes coverage more cost-effective for small business owners. By bundling multiple types of insurance, a BOP can provide complete protection at a lower premium than buying each coverage separately. Additionally, a unified policy helps manage the claims process smoothly, allowing business owners to focus more on their activities than on looking after various insurance policies.
FACTORS THAT IMPACT BUSINESS OWNERS' INSURANCE RATES
The cost of a business owner’s policy varies for each policyholder. This is primarily because every business operates differently and is exposed to varying risks, resulting in different coverage choices. Additionally, your insurer considers several factors when determining your BOP premium. For instance, a retail shop pays less for coverage than a high-end restaurant due to the differing risk levels. Below is a list of factors that play a role in determining your premiums:
Business Size
Industry Type
Location
Annual Revenue
Number of Employees
Property Value
Claims History
Coverage Limits
Type of Business Operations
Risk Management Practices
Deductibles
Security Features
Business Assets
Building Construction Type
Previous Insurance Coverage
WHO IS REQUIRED TO HAVE BUSINESS OWNER'S INSURANCE?
Combining different key coverages into a single package is very helpful for businesses in maintaining their insurance portfolio. A business owner’s policy offers just that! A BOP typically includes various types of coverage, usually encompassing general liability and property insurance. These coverages help ensure you are protected in the event of a claim for bodily injury or property damage. This policy acts like your one-stop shop, providing all the protection you need. Here are those who most need it:
Small businesses to protect their assets and operations.
Home-based businesses seeking business property and liability protection.
Professional services firms like consultants or accountants.
Restaurants and food services to protect property and cover liability risks.
Tech companies with data security needs and business property exposure.
Retailers and service providers for coverage of property and liability risks.
Contractors and construction businesses for equipment and liability coverage.
Manufacturers needing property, equipment, and liability coverage.
Real estate businesses managing commercial properties.
Nonprofits seeking to safeguard assets and cover general liability.
WHY IS A BUSINESS OWNER’S POLICY NECESSARY?
HOW DOES A BUSINESS OWNER'S POLICY WORK?
A business owner's policy (BOP) combines the necessary coverage into a package to help streamline the insurance portfolio of different businesses. It is usually beneficial for small to medium-sized companies. A BOP policy usually covers claims related to general liability, including bodily injury and property damage claims. These coverages protect your business assets, such as specialized equipment.
It ensures your commercial activities are never interrupted. When you purchase a BOP, your insurer evaluates your business requirements and potential hazards before suggesting a policy. Your agent can help you tailor the plan to meet your specific commercial needs. If an incident happens, such as a fire, you file a claim with your insurance company, which helps you cover the resulting damage expenses.
HOW MUCH BUSINESS OWNER'S INSURANCE DO I NEED?
A business owner’s policy typically bundles three of the most critical coverages in business insurance, namely general liability, commercial property, and business interruption, into a single package. Based on NerdWallet’s analysis, it is typically designed for companies with fewer than 100 employees or those managing less than $5 million in annual revenue. The amount of BOP you buy is based on your needs.
Any business that owns assets, including equipment or inventory, can benefit from a BOP. A BOP also benefits brick-and-mortar business locations. Every business should evaluate its insurance requirements before purchasing a BOP. This may include reviewing the number of employees working under the business, the business's size, annual revenue, and other key business considerations.
WHAT DISCOUNTS CAN I GET ON BUSINESS OWNER'S INSURANCE?
If your business owner’s policy premiums are getting overwhelming, it is time to dig out some savings opportunities. Insurance companies often offer discounts to their customers; you just need to know how to find the right one. When purchasing a policy, ask your agent to identify any discounts that match your profile. This way, you can secure affordable rates without compromising coverage quality. Here are several discount options you could look up for:
Multi-Policy Discount
Claims-Free Discount
Risk Management Discount
Paid-in-Full Discount
Property Protection Discount
Business Size Discount
Safety Program Discount
New Business Discount
Deductible Discount
Bundled Coverage Discount
HOW MUCH DOES A BUSINESS OWNER'S POLICY INSURANCE COST?
The average cost of a BOP policy is approximately $53 per month or $636 per year. However, these are mere averages calculated based on a specific sample size. Your actual premiums may be higher or lower than the rates listed. This is because every business has different circumstances based on the factors insurers consider.
Variables that usually decide your insurance rates include coverage limits, industry, value and type of property, value of property, business size, etc. All of these factors help the insurance provider calculate your specific premiums. If you still find navigating the process complicated, you can hire a reputable broker to assist you. They can guide you toward reliable options within your budget.
WHAT ARE THE ESSENTIAL REQUIREMENTS FOR AN ACCURATE BUSINESS OWNER'S INSURANCE QUOTE?
The first step in obtaining a business owner’s policy (BOP) is to submit comprehensive and complete information regarding the risks and operations of your company. Inaccurate or missing information could put your financial stability at risk, as it may lead to rejected claims or gaps in coverage. Provide accurate information to obtain the best policy tailored to your needs and prevent unforeseen obstacles in the future. When applying for a BOP, you should anticipate the following typical requirements:
GET A FREE BUSINESS OWNER'S POLICY INSURANCE QUOTE
Are you looking for ways to manage your commercial insurance better? A business owner’s policy (BOP) is your solution. With help from esteemed business insurance agents from CINCO, you can secure the most suitable coverage for your small business.
With a BOP, you can streamline your insurance management and save on expenses. Just fill out the form and submit it. Within a few hours, our agents will respond. Apply for your first free quote at CINCO today and take the first step towards finding the perfect BOP insurance. Let us help you manage your coverages better!
General Liability
Property
Business Interruption
Workers' Compensation
Other
FREQUENTLY ASKED QUESTIONS REGARDING BUSINESS OWNER’S POLICY
Businesses with high-risk operations, such as those in hazardous industries or those with complex liability needs, may not qualify for a Business Owners Policy.
Yes, you can cancel your Business Owners Policy; however, cancellation fees or unearned premium charges may apply, depending on the insurer's terms.
Yes, business owners can typically deduct the cost of an umbrella policy as a business expense, but it's advisable to consult a tax professional for specific guidance.
Yes, a Business Owners Policy (BOP) covers general property and liability risks, while Management Liability Insurance (MLI) explicitly covers directors and officers, including risks such as wrongful acts or misconduct.
CRUCIAL BUSINESS OWNERS STATISTICS AND INSIGHTS YOU SHOULDN'T MISS
Whether you’re running a small start-up or managing an established company, your business is a major financial and personal investment. A Business Owner’s Policy (BOP) provides essential protection by combining property, liability, and business interruption coverages into one streamlined package. By understanding how a BOP works and the factors that influence its coverage and cost, you can make informed decisions that protect your company’s future. The following insights highlight key considerations for business owners across the United States:
01
Millennials own just 13% of small businesses in the U.S., highlighting a generation gap in business ownership, with the majority of small businesses owned by Boomers and Gen X. (Forbes)
02
Hispanic entrepreneurs own more than five million U.S. small businesses, representing 14.5% of all small firms in the country. (The Office of Advocacy)
03
In 2021, there were over 1.6 million veteran-owned businesses in the U.S., accounting for 5.5% of all U.S. firms. (The Office of Advocacy)
04
Veteran-owned businesses in the U.S. totaled over 1.6 million in 2021, representing 5.5% of all U.S. small firms. (Pew Research Center)
05
41% of small business owners surveyed by the NSBA in April 2025 reported generating at least $1 million in annual revenue, while only 18% earned less than $100,000. (National Small Business Association)
06
As of Q1 2025, 65% of small business owners reported their businesses are in good or very good health. (U.S. Chamber of Commerce)
07
A 2023 survey found that 65% of small businesses carry liability insurance, 39% have property insurance, and 32% hold professional liability insurance. (Hiscox)
Note: These statistics were accurate at the time of publication and may change over time. Please refer to official sources for the most current data.
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