Business Owner’s Policy (BOP)

Defining Business Owner’s Policy (BOP)

Through the Trumbull, the Cortland Small Business Insurance Program from The Trumbull, a Business Owner’s Policy (BOP) combines business property and business liability insurance into an appropriate policy. A BOP insures your business from damages resulting from things like fire, theft, or another covered disaster and from damages involving bodily injury, property damage, personal and advertising injury that may arise while running your business.

Businesses can modify a Business Owner’s Policy (BOP) to aid in uniquely meeting their needs by including optional coverage like a breach of data, business revenue for off-premises uses, and other specific coverages to their BOP.
Who can benefit from a Business Owner’s Policy?

A business owner’s policy is necessary if:

  • There’s a likelihood you can be sued – for instance, by a customer who was injured at your workplace.
  • Your business has a physical setting, whether it’s outside your home or a rented or owned office, store, or other work areas.
  • You own assets that can be stolen or damaged –either a digital asset, customer data, equipment, furniture, cash, or inventory.

Advantages of a Business Owner’s Policy?

It is smart and desirable to purchase a BOP. It makes coverage needs simpler by containing business property and business liability, two essential coverages that most businesses need, in one policy. In comparison to acquiring separate policies for business property and business liability, The Cortland’s Business Owner’s Policy (BOP) gives businesses a way to save your money while also offering total insurance for situations like fire outbreak, theft, loss of income and lawsuits. It is even smarter and more desirable to choose it because other vital coverages can be included. Businesses with precise needs can modify their business owner’s policy by adding covering additional services like business revenue for off-premises uses, breach of data, and many more, to meet the precise needs of their company.
Contents of a Business Owner’s Policy (BOP)

  • General Liability
    In protecting liability, the broader the coverage, the better. That is the reason The Cortland’s BOP offers business liability insurance that insures your business in the case of being sued for causing harm to a person and damage to property. It also insures the cost of your defense – because businesses can be sued even if they are right.
  • Business Income
    If unforeseen events give rise to deferment in your operations subsequent to a covered cause of loss, The Cortland’s BOP insurance will substitute the loss of income to meet your ongoing financial responsibilities such as rent or payroll.
  • Commercial Property
    The Cortland’s property insurance can protect your business property, leases, or rents, including things like buildings, equipment, inventory, furniture, and fixtures. It offers coverage for a receivable account, valuable papers, and records.

Additional coverage can be included in your business owner’s policy to modify coverage to your particular needs. Here is a widespread optional coverage that is usually added to a Business Owner’s Policy:

  • Data Breach Coverage
    Data Breach coverage from The Trumbull gives you access to professionals who can help you fulfill regulatory requirements, provide control on prevention of a data breach, and handle a breach crisis if one happens. For instance, Response expense coverage can quicken the restoration of confidence in your business or practice through warnings to impacted individuals. It can aid in paying for good faith advertising expenses. Coverage is also obtainable for defense and liability expenses in case you’re charged because of a data breach.

Beyond the Business Owner’s Policy

Are you an employer?

For employers, Workers’ Compensation Insurance is essential. Workers’ Compensation coverage pays the medical bill of an employee or employee’s family if a work-related injury, illness, or death occurs if it is purchased alone. It is mandatory in most states, Workers’ Compensation also covers an employee’s income if they can’t work due to a covered illness or injury.

If you have a business, do you rent or lease vehicles? 

Commercial Auto Insurance from The Trumbull company is a must-have for companies that use cars and trucks for their business. It protects your business from the potential shocking financial loss your company can experience if you or an employee is found faulty in the event of an auto accident.


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