The business owner package policy—or BOP—provides many, though not all, of the insurance coverages needed by many small- or medium-sized businesses. They vary by insurer, but standard features of the BOP or “package” policies include property coverage for buildings, equipment and contents; liability for premises and operations; and
business income protection. By combining all these coverages in separate policies in one policy, you can save money and might avoid coverage gaps. Notable coverages not included in BOPs are workers’ compensation, professional liability and business auto coverages.