What exactly is a Business Owner's Policy (BOP)?
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Business Owner's Policy (BOP) Insurance Coverage
The property insurance coverage from your BOP protects your building/property and contents (both those owned by the company and those in your company's care or control) against damage or loss.
The liability protection included in your BOP covers your company's legal responsibility in the case of claims against your business for causing harm to others. This harm can be a result of things you or your employees do or fail to do that result in property damage or bodily injury. Legal fees in these matters can be very costly and the general liability insurance within your BOP helps to protect your business by covering expenses.
In the case of a fire or another catastrophe that forces you to stop business operations, a BOP that includes business interruption insurance covers the resulting loss of income and can also include the expenses associated with a temporary relocation.