As an owner, you never want to think about damage to your hard-earned business. Unfortunately, it’s a risk you face each and every day. Whether a fire shuts down your business for months or a broken computer system halts operations for a day, insurance for business owners is critical.

While purchasing insurance isn’t the most exciting part of owning your own business, it is critical to giving you the protection and peace of mind you need, should any damage occur.

For comprehensive protection of your business, consider a Business Owners Policy (BOP).

About BOPs

Business Owner’s Policies (BOPs) cover a wide variety of business insurance needs, and protect your office, equipment and inventory. It also includes general liability coverage. Depending on your business needs, additional coverage can be added to a BOP.

A standard BOP  provides:

  • Property Insurance – covers your building’s contents or property inside your building such as equipment, furnishings, computers, etc.
  • Business Interruption Insurance – ensures revenue recovery in the event of a property damage claim that leads to your inability to conduct business.
  • General Liability Insurance – covers costs associated with third party claims, including bodily injuries, property damage and personal injuries (libel, copyright infringement, etc.)

Because a Business Owner’s Policy bundles multiple policies, it can save you money on your premium versus buying the three insurance policies separately.


Insurance for business owners isn’t limited to a BOP. If your business faces additional risks beyond what a standard BOP covers, contact Lockton Affinity. We can help you determine affordable coverage options, and how they work with your BOP, for policies like Cyber Liability, Workers’ Compensation, Commercial Auto Insurance and more.

If you own a business, it is a smart idea to have a Business Owner’s Policy in place. Learn more today.