Business Owner's Insurance Policy (BOP)
Most of the coverages that are needed by small and medium sized businesses, with the exception of auto and worker's compensation, are generally included in a BOP policy.
A BOP policy includes 1. Property Insurance (covering buildings, equipment and inventory), 2. Business interruption insurance (covering losses that cause you to shut operations or reduce production for a time), 3. Casualty or liability protection (covering harm done by the employees or products to other people or their property), 4. Crime insurance (covering loss of money or securities resulting from burglaries or robberies or destruction), 5. Liability insurance (covering lawsuits arising from accidents), and 6. Vehicle coverage for rented or borrowed vehicles.