Business Owner's Policy
What Is a Business Owner’s Policy (BOP)?
A Business Owner’s Policy is a bundled insurance package designed specifically for small to mid-sized businesses. It combines multiple essential coverages into a single policy, typically including:
General Liability Insurance: Covers bodily injuries, property damage, and legal fees from third-party claims.
Commercial Property Insurance: Protects your building, inventory, equipment, and other physical assets from events like fire, theft, or vandalism.
Business Interruption Insurance: Reimburses you for lost income and ongoing expenses if a covered event temporarily shuts down your operations.
By bundling these policies, a BOP often costs less than buying each coverage individually—and simplifies your insurance management.
Who Should Consider a BOP in California?
Not every business qualifies for a BOP, but many small to medium-sized companies in low to moderate risk industries do. If your California-based business meets the following criteria, you could benefit from this bundled coverage:
Fewer than 100 employees
Annual revenue under $5 million
A physical business location
Client or customer foot traffic
Health.
Family.
Business.
In that order, always.
Why California Businesses Need BOP Insurance
California is home to a diverse and dynamic economy, but it also presents unique challenges:
Earthquakes and wildfires pose serious risks to business properties.
High cost of litigation makes liability protection critical.
Dense urban areas mean more interaction with the public and increased exposure to injury or damage claims.
The Difference That Sets Us Apart
How Much Does a Business Owner’s Policy Cost in California?
The average cost of BOP insurance in California is around $1,200 per year, but this can vary significantly. Your premium is influenced by:
The type and size of your business
Your claims history
Business location and local risks
The coverage limits and deductible you choose
Any add-ons or endorsements included in the policy
Tips for Lowering BOP Insurance Premiums
Want to keep your premiums affordable while maximizing protection? Here are a few smart strategies:
Bundle policies: Combine your BOP with workers’ comp or commercial auto insurance to receive discounts.
Improve safety protocols: Businesses with strong safety measures often pay lower premiums.
Maintain a clean claims history: A history free of claims may qualify you for claims-free discounts.
Review coverage annually: Ensure your policy reflects your business’s current operations and risks.
Get the Right BOP Insurance
Whether you run a boutique shop in San Diego, a food truck in Los Angeles, or a consulting firm in Sacramento, a Business Owner’s Policy can protect your livelihood and keep your operations running smoothly.
At Western Insurance, we’re dedicated to helping California businesses like yours secure comprehensive, affordable coverage. Our licensed agents understand the challenges small businesses face and are here to help you navigate them with confidence.
