Business Owner's Policy
Property and liability coverage bundled into one policy for small businesses.
BOP OVERVIEW
One policy. Two essential coverages. One premium.
A Business Owner's Policy (BOP) is the smart, streamlined choice for small to mid-size businesses that need both property and liability protection without managing multiple separate policies. It bundles commercial general liability and commercial property coverage into one policy with one premium — making it easier to manage, easier to renew, and usually more affordable than purchasing each piece individually. BOPs are particularly well-suited for businesses with a physical location, equipment, and regular customer interaction.
Bundled liability + property
General liability and commercial property in a single, simplified policy.
Business income protection
Lost revenue coverage if a covered event forces you to temporarily close.
Cost-efficient structure
Typically 20–30% less than purchasing general liability and property separately.
Expandable with endorsements
Add cyber, equipment breakdown, or professional liability as your needs grow.
WHO NEEDS THIS COVERAGE
Is This Coverage Right for You?
The businesses and professionals who benefit most from Business Owner's Policy.
Solo & Small Practices
Solo practices and small professional offices with a physical location and equipment that need bundled protection.
Retail Businesses
Small retail businesses with inventory, fixtures, and customer foot traffic that need property and liability in one policy.
Service-Based Businesses
Service-based businesses — salons, repair shops, fitness studios — that operate from a fixed location with equipment.
Healthcare Clinics
Small healthcare practices and specialty clinics that need both premises and professional protection under one program.
Restaurants & Food Service
Restaurants and food service businesses that need property, liability, and food-specific endorsements in a bundled policy.
OUR PARTNERS
We work with trusted BOP carriers.
WHAT YOU NEED TO KNOW
What Business Owner's Policy Covers — and What It Does Not
What It Covers
- Commercial General Liability
Third-party bodily injury and property damage claims arising from your operations and premises.
- Commercial Property
Your building, contents, furniture, and equipment — covered against fire, theft, and covered perils.
- Business Income Protection
Lost revenue and extra expenses if a covered event forces you to temporarily suspend operations.
- Optional Endorsements
Add cyber liability, equipment breakdown, professional liability, and more for comprehensive coverage.
What It Does Not Cover
- Professional errors and negligent advice
A standard BOP does not include E&O or malpractice — add a professional liability endorsement or separate policy.
- Employee workplace injuries
Workers' Compensation is a legally separate requirement and is not bundled into a BOP.
- Commercial vehicles and fleet liability
Business auto coverage is excluded — required separately if your operation involves owned or hired vehicles.
- Flood and earthquake damage
Standard BOP property coverage excludes flood and seismic events — separate policies or endorsements required.
COST CONTEXT
What This Coverage Typically Costs
BOP premiums for small healthcare practices typically range from $1,000 to $3,000 annually, depending on location, property values, revenue, and endorsements selected. The bundled nature of the BOP means the combined cost is usually 20–30% less than purchasing GL and property separately.
What drives your premium
Property value, location, revenue, industry classification, and the endorsements you add to the base policy.
The bundling advantage
A BOP saves 20–30% versus buying general liability and commercial property as separate policies.
HEALTHCARE SPOTLIGHT
What Healthcare Practices Should Know
- Small healthcare practices with equipment, patient-facing space, and operational costs are ideal BOP candidates.
- A BOP addresses property, liability, and business continuity in one coordinated policy — critical when a covered event shuts your doors.
- Practices storing patient records electronically can often add a cyber liability endorsement to the BOP for efficient coverage.
- BOPs have eligibility thresholds — revenue limits, square footage caps, and excluded risk types — larger practices may need a commercial package policy instead.
- Your Morningside advisor confirms eligibility and flags when a BOP is the right fit versus when a broader structure is needed.
REAL-WORLD SCENARIO
How This Coverage Works in Practice
- A small physical therapy clinic suffered a burst pipe that damaged treatment room equipment and forced a two-week closure.
- The business's BOP covered $47,000 in equipment replacement and $18,000 in lost income during the shutdown.
- The bundled policy kept the business financially stable through a disruption that would have been devastating without coverage.
- Without a BOP, the business would have faced separate claims processes for property and income — or absorbed the costs entirely.
FAQ
You've Got Questions. We've Got Answers.
Common questions about Business Owner's Policy for healthcare professionals.
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Ready to Close the Gap?
Whether you're adding a new line or reviewing what you have, we'll give you a clear picture of where you stand.