Business Insurance Solutions

Business Owners Policy (BOP)

A Business Owners Policy (BOP) is a comprehensive insurance package designed to protect small to medium-sized businesses from various risks. In Pennsylvania, business owners often choose a BOP as a cost-effective way to secure multiple coverages under one policy. Below, we break down the key components and options typically involved in a BOP for businesses in Pennsylvania.

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What is a Business Owner Insurance Policy?

A BOP is ideal for businesses with physical assets to protect, regular customer interaction, and relatively straightforward insurance needs. A BOP is best suited for businesses with fewer than 100 employees and annual revenues below a specific threshold, typically those in low- to moderate-risk industries. High-risk businesses, such as large manufacturers or companies in high-liability sectors, may require specialized policies instead.

Who might need a BOP?
  • Retail Stores
  • Restaurants and Cafés
  • Professional Services
  • Small Manufacturers
  • Contractors and Tradespeople
  • Healthcare Practitioners
  • Personal Care Businesses
  • Small Wholesalers
Business Owner Policy | CNS Insurance
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Business Owner Policy Coverages

What coverages do you need?

A Business Owners Policy (BOP) offers essential protection for small to medium-sized businesses by combining Property Insurance for physical assets, General Liability Insurance for third-party claims, and Business Interruption Insurance for lost income during temporary closures. These coverages provide a solid foundation to manage risks and maintain business continuity.

A standard BOP usually combines three primary types of coverage:

  • Protects the physical assets of your business, such as buildings, equipment, inventory, and furniture, against risks like fire, theft, or vandalism.
    • Covered Events: Named-peril (specific risks like fire) or open-peril (all risks unless excluded).
    • Add-ons: Flood or earthquake coverage (not typically included in a standard BOP).

Learn more about Property Insurance Coverage

  • Covers claims related to third-party bodily injury, property damage, and personal or advertising injury.
    • Examples: A customer slipping on your premises, damage caused to another business’s property, or claims of defamation.

Learn more about General Liability Coverage

  • Reimburses for lost income and operating expenses if your business is forced to shut down temporarily due to a covered event.
    • Examples: Loss of income due to a fire or natural disaster.

Learn more about Business Interruption Coverage

Pennsylvania BOP Insurance Minimum Coverages

In Pennsylvania, there are no state-mandated minimum coverage requirements for Property Insurance, General Liability Insurance, or Business Interruption Insurance within a Business Owners Policy (BOP). These coverages are typically optional but highly recommended to protect your business from various risks.

Full Value

Physical Damage Coverage

Property Insurance protects your business’s physical assets, including buildings, equipment, and inventory. It is recommended that you cover the full value of the structure or the outstanding mortgage balance.

General Liability
1 M+

General Liability Insurance typically includes a Per Occurrence Limit of $1 million, covering individual claims, and an Aggregate Limit of $2 million, protecting against the total claims within the policy period, ensuring coverage for third-party claims such as bodily injury, property damage, or advertising injuries.

6 Months

Business Interruption

Business Interruption Insurance should cover at least 6 months of business income, including fixed expenses like rent and utilities, to support your business during periods of temporary closure due to a covered event, such as a fire or natural disaster.

What else should you know about a BOP?

Pennsylvania’s diverse economy, ranging from agriculture to technology, presents unique risks. A well-structured BOP provides:

  • Comprehensive Protection: Safeguarding assets, liability, and income under one policy.
  • Cost Efficiency: Bundling multiple coverages into a single, discounted package.
  • Peace of Mind: Allowing business owners to focus on growth without constant worry about unexpected risks.

Not every business is eligible

Not all businesses qualify for a BOP. Common eligibility criteria include:

  • Business Size: Typically for small to medium-sized businesses with fewer than 100 employees.
  • Revenue: Annual revenue below a specific threshold (varies by insurer).
  • Industry: Suitable for low-risk industries like retail, professional services, or restaurants
  • Note: High-risk industries, such as manufacturing or construction, may require specialized policies.

There are exclusions and limitations

While a BOP provides broad coverage, it excludes certain risks.

  • Professional services errors (unless Professional Liability is added).
  • Employee injuries (covered under Workers’ Compensation).
  • Intentional acts or fraudulent activities.
  • Flood and earthquake damages (must be purchased separately).

Certain factors affect a BOP cost

The cost of a BOP varies based on factors like:

  • Industry and Risk Profile: High-risk industries pay more.
  • Business Location: Urban areas or regions prone to natural disasters may have higher premiums.
  • Revenue and Size: Larger businesses typically face higher premiums.
  • Coverage Limits and Deductibles: Higher coverage limits and lower deductibles increase costs.
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Types of Business Policies

VIEW ALL BUSINESS POLICIES

Business Owners Policy (BOP)

A Business Owners Policy (BOP) is a comprehensive insurance package designed to protect small to medium-sized businesses from various risks. In Pennsylvania, business owners often choose a BOP as a cost-effective way to secure multiple coverages under one policy.

Learn more

Commercial Auto Insurance

As a Commercial Truck Insurance Provider, we offer coverage for Auto Haulers, Agricultural, Construction, Fleets, Fuel Haulers, Hazmat Carriers, Last-Mile and Mid-Mile Carriers, Long-Haul Truckers, Short-Haul Trucks, Towing Companies, and even new trucking companies.

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General Liability

General liability insurance is not a legal requirement in Pennsylvania, but it’s highly recommended for most businesses, and in some cases, contracts, leases, and industries may mandate it. Check with your insurance agent and review any applicable contracts.

Learn more

Types of Business Coverages

VIEW ALL BUSINESS COVERAGES

General Liability

General liability insurance is not a legal requirement in Pennsylvania, but it’s highly recommended for most businesses, and in some cases, contracts, leases, and industries may mandate it. Check with your insurance agent and review any applicable contracts.

Learn more

Business Interruption Coverage

Running a business comes with its share of challenges, but when unforeseen events disrupt your operations, the financial impact can be overwhelming. Business Interruption Coverage ensures that your company can recover with confidence.

Learn more

Property Insurance Coverage

Business owners invest in physical assets, like buildings, equipment, and inventory, but when unexpected events cause damage or loss, the financial consequences can be significant. Property Insurance Coverage ensures those assets are protected.

Learn more

Customers Reviews

The guys over at CNS Insurance have the best prices compared to everyone else. Thank you guys.
Robert NievesOwner
Great insurance company! They are friendly and work with you in anyway and they get you on the road within hours.
Gustavo MendozaOwner
While shopping for insurance, Kiel was friendly & knowledgeable every step of the way in choosing a commercial insurance policy for my freight company. His communication was stellar and getting set up was easy as pie. Rates were awesome and competitive. Holly processes all of our COI requests and answers our questions in a very timely fashion. She is always helpful, prompt and attentive. We appreciate this in our industry more than words can describe because it’s so fast pace, having someone who can get you what you need expeditiously really matters. We are very pleased!
Marie AllenOwner
Miss Holly is an amazing account manager .. I just wanna say thank you for your help for the last 4yrs you guys been there for me .. I can name everybody from account to insurance and tax everyone they are very helpful team .. if you own a trucking company I will recommend CNS Insurance.
Truck AmarOwner
I was in a desperate time in my business and I really needed a breakthrough to continued to make money. Tony along with the team not only got me a great price to get my insurance they fought for me as if it was there own business. You do not find real people like that anymore and I will always remember the effort they put in to make sure I succeeded. If you want someone to get the job done these are the people you need guaranteed.
Kevin AntoineOwner
Excellent place, excellent staff, excellent communication, These guys help you out immediately when you call them. I work with Holly Turner númerouse of times and she”s been helpful and does everything immediately, I recommend CNS Insurance to anyone who needs help with insurance.
Myrian BedoyaOwner
Only started doing business with them six weeks ago but looking forward for us to have a great long term relationship. Thanks for all you do.
Miguel McKenzieOwner

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