A business owner policy (BOP) combines protection for all major property and liability risks in one insurance package. This type of policy assembles the basic coverage required by a business owner in one bundle. Coverage includes:
Property insurance for buildings and contents owned by the company
Business interruption insurance, which covers the loss of income resulting from a fire or other catastrophe that disrupts the operation of the business. It can also include the extra expense of operating out of a temporary location.
Liability protection, which covers your company's legal responsibility for the harm it may cause to others. This harm is a result of things that you and your employees do or fail to do in your business operations that may cause bodily injury or property damage due to defective products, faulty installations and errors in services provided.