Business Owner’s Insurance

A Business Owner’s Policy (BOP) bundles essential coverage into one affordable plan. Protect your property, liability, and income with customized insurance for your business.

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Comprehensive coverage for business owners.

One policy. Complete protection.

Running a business means preparing for the unexpected. A Business Owner’s Policy (BOP) combines commercial property and general liability insurance into one convenient, cost-effective package—helping you safeguard your assets, employees, and income.

At Stephen Benjamin Insurance Agency, we provide BOP coverage for small and mid-sized businesses. Whether you own a retail shop, office, or service-based business, we’ll help you customize affordable, all-in-one protection that fits your specific risks.

What’s included in a Business Owner’s Policy?

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Commercial Property Coverage

Protects buildings, equipment, and inventory from fire, theft, and damage.

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General Liability Insurance

Covers injuries, property damage, and lawsuits related to business operations.

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Business Interruption Insurance

Reimburses lost income if a covered event temporarily shuts down your business.

Your questions about Business Owner’s Insurance, answered.

A BOP is a smart way to bundle coverage and save money. Here’s what business owners need to know.

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  • What businesses qualify for a Business Owner’s Policy?

    A BOP is designed for small and mid-sized businesses that operate from a physical location. Retail stores, restaurants, offices, and service providers often qualify. If your business has property, inventory, or liability exposure, a BOP can provide cost-effective protection.

  • What does a BOP not cover?

    A BOP does not include workers’ compensation, commercial auto insurance, and, in some instances, professional liability coverage. If your business owns vehicles, has employees, or provides professional services, you may need additional policies. We’ll help you determine what’s required for your business.

  • Is a BOP required by law?

    While Massachusetts does not require a BOP, many landlords and lenders do. If you lease commercial space or have a business loan, you may need business property and liability coverage. Even if it’s not required, a BOP helps protect your investment from unexpected financial losses.

  • How much does a BOP cost?

    Premiums vary based on business size, industry, location, and coverage limits. Most small businesses pay between $500–$2,500 per year for a BOP, making it one of the most affordable ways to get comprehensive business insurance. We’ll tailor a policy that meets your needs and budget.

  • Can I customize my BOP coverage?

    Yes! You can add endorsements like cyber liability, data breach protection, or equipment breakdown coverage to match your industry’s needs. A BOP is flexible, so we’ll help you customize coverage to fit your business risks while keeping costs low.