Business Owners Policy Benefits

A BOP from Selective rolls three critical business insurance coverages — business interruption, liability, and property — together, so you have one policy and one payment that works for your business.

Business interruption insurance typically helps protect against income loss if you must suspend operations due to direct physical loss of or damage to certain covered property. It can help you rebuild or relocate your business and resume your normal operations. Business interruption insurance may also cover operating expenses, a move to a temporary location, payroll, taxes, and loan payments. Speak to your agent for specific details about your coverage.

Liability insurance protects against claims resulting from injuries and damage to other people or property, false arrest, or certain publications. Personal liability, workers compensation, and commercial liability are types of liability insurance you should consider. Some industries require liability insurance by law, so talk with your agent about what provisions are covered.

Commercial property insurance typically covers loss or damage to property such as buildings and structures from fires, smoke, theft, and more. It may include coverage for loss or damage to your equipment, personal property, inventory, raw materials, machinery, and other items. Location and occupancy may affect your coverage, so speak to your agent about your specific business needs.