What's a business owners policy?
A business owners policy, or BOP, combines coverage for general liability, property and business income to make it easy to protect your business from common risks. It generally costs less than if you bought each policy separately. You can also customize your policy to the type of business you have.
What kind of business is a BOP for?
It’s generally for small businesses with less than $10 million in revenue per year. BOPs are also good for businesses with buildings, equipment and inventory worth $15 million or less. They can cover all types of businesses, including retail, service, wholesale, manufacturing and office. If your business needs coverage beyond what a BOP can provide, check out our other solutions for small business insurance.
How a BOP can help protect your business
As a business owner, you juggle multiple responsibilities. Bundling your insurance needs can free you to focus on what’s important to you.
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What you need to know about a business owners policy: Elapsed time 0 seconds [00:00]
As a small business owner, you wear a lot of hats. You need insurance that can multitask, just like you.
That’s where a business owners policy comes in. It combines key coverages together in one package to protect your business.
A basic business owners policy has three types of coverage: General Liability, Property and Business Income. General Liability can help you pay medical bills or legal fees if there’s an accident or your business gets sued. Property coverage protects your store, inventory, or equipment from things like theft or fire. And Business Income coverage can help pay your mortgage, rent or payroll when a covered loss affects your income.
You can also customize your coverage, so your policy is tailored to meet your specific needs. And if your business needs change, you can adjust your coverage so you’re always getting what you need, when you need it.
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Why should you choose USAA for your business owners policy?
For 100 years, serving the military and their families has been our mission. This deep history and understanding uniquely positions us to serve small business owners like you.
By choosing USAA as your provider, you can count on our long-standing reputation that is built on values, trust and superior claims experiences.
Give your business the protection it needs. Get a quote and purchase your policy today.
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Customized coverage that fits your business
There are more than 100 different ways to customize your policy. Here are some popular options:
- Commercial crime
- Computer fraud and funds transfer
- Cyber coverage cyber coverage
- Employee benefits liability, or EBL
- Employee dishonesty
- Employment practices liability insurance, or EPLI
- Hired and non-owned auto
- Professional liability professional liability
How much does a BOP cost?
BOPs range in cost depending on a few different things. These can include the size of your business, the industry, different kinds of risk and how much coverage you get.
The best way to know how much a BOP will cost for your business is to get a business owners policyquote.
Why choose us for a BOP?
It takes just a few minutes to quote and buy a USAA policy online if you qualify. We also work with other leading insurance carriers, so depending on what you need, we may connect you with another insurance company through the USAA Insurance Agency.
A dedicated coverage specialist can help you find the right amount of protection. If you have questions about a policy that may fit your business needs, call 800-292-8135.
And if you have to report a claim, you can expect USAA-level support no matter who manages your policy.
Explore our business resources.
We’ve got tips, tools and perks to help grow your business.
Business owners policy FAQ
A BOP is an insurance bundle designed for small- to medium-sized companies.
A commercial package policy, or CPP, lets the business owner choose individual coverages based on the specific risks and needs of the business. A CPP is usually for large and complex businesses that need more coverage than a BOP.
BOPs don’t include workers’ compensation insurance, health coverage, disability insurance or commercial auto insurance. commercial auto insurance
If a covered event interrupts your business operations, business income coverage helps pay for things like payroll, rent or utilities.
If a USAA Small Business Insurance policy doesn’t meet your business needs, we’ll help connect you with other leading companies.
Our agency has long-standing relationships with many insurance providers, and we make sure they meet our standards of customer service and financial stability. They have dedicated teams ready to ensure USAA members get a great mix of pricing and service.
A simple way to protect your business
Speak with a specialist about your coverage needs. Call 800-292-8135.
