Business Owners Policy (BOP)
Comprehensive coverage combining property and liability protection in one package
What is a Business Owners Policy?
A Business Owners Policy (BOP) is a comprehensive insurance package designed specifically for small to medium-sized businesses. It combines three essential coverages into one convenient, cost-effective policy.
Instead of purchasing separate policies for property insurance, general liability, and business interruption coverage, a BOP bundles them together at a lower cost than buying each individually.
This makes it an ideal solution for small business owners who want comprehensive protection without the complexity and expense of managing multiple insurance policies.
What's Included in a BOP?
Three essential coverages bundled into one comprehensive policy
Property Insurance
Protects your business property, equipment, inventory, and physical assets from damage or loss.
- Building and structures
- Equipment and machinery
- Inventory and supplies
- Furniture and fixtures
- Fire, theft, and vandalism
General Liability
Covers third-party claims of bodily injury, property damage, and advertising injury.
- Customer injuries
- Property damage claims
- Legal defense costs
- Medical payments
- Advertising injury
Business Interruption
Replaces lost income and covers expenses when your business is forced to close temporarily.
- Lost income replacement
- Operating expenses
- Temporary relocation costs
- Payroll continuation
- Loan and lease payments
Optional Add-Ons Available
Equipment Breakdown
Cyber Liability
Crime Coverage
Employment Practices
Is a BOP Right for Your Business?
BOPs are ideal for small to medium-sized businesses across various industries
Retail Stores
Shops, boutiques, and specialty stores
Restaurants
Cafes, bakeries, and food service
Office Businesses
Professional services and consultants
Salons and Spas
Beauty and wellness services
Apartments
Small property management
Contractors
Light construction and trades
Service Businesses
Cleaning, repair, and maintenance
Wholesalers
Distribution and supply businesses
BOP vs. Individual Policies
See how a BOP compares to buying separate policies
Business Owners Policy
- One bundled policy with all core coverages
- Lower cost - typically 15-30% savings
- Single renewal date and payment
- Simplified management and claims
- Faster application process
Individual Policies
- Multiple separate policies to manage
- Higher total cost when purchased separately
- Different renewal dates to track
- Complex coordination between carriers
- Longer setup time for each policy
Who Qualifies for a BOP?
Because a BOP offers such broad coverage at a discounted rate, insurance carriers have specific eligibility requirements.
Low-Risk Industries
Retailers, offices, restaurants, and small artisan contractors generally qualify.
Small to Medium Size
Usually under 100 employees and less than $5 million in annual revenue.
Small Premises
Businesses operating out of smaller physical locations (typically under 35,000 square feet).
Don't qualify for a BOP? Don't worry. If your business is too large or high-risk for a BOP, we can still build the exact same coverage by writing separate General Liability and Commercial Property policies (often called a Commercial Package Policy).
What a BOP Does NOT Cover
While a BOP is comprehensive, it doesn't cover everything. You may need additional policies to close these gaps.
Employee Injuries
A BOP does not cover workplace injuries. You need a separate Workers' Compensation policy for this.
Professional Mistakes
If you give bad advice or make a professional error, a BOP won't cover it. You need Professional Liability (E&O).
Business Vehicles
Accidents while driving for work are excluded. You must purchase a separate Commercial Auto policy.
Cyber Attacks
Data breaches and ransomware are typically excluded unless you add a specific Cyber Liability endorsement.
Frequently Asked Questions
Get Comprehensive Coverage Today
Protect your business with a customized Business Owners Policy
GET YOUR FREE BOP QUOTEPopular Coverages
Explore our most requested insurance solutions to complete your protection.
Auto Insurance
Comprehensive coverage for your vehicle.
Home Insurance
Protect your home and belongings.
Commercial Insurance
Complete protection for your business.
General Liability
Essential third-party business protection.
Business Owners Policy
Bundled liability and property coverage.
Workers Comp
Coverage for workplace injuries.
Umbrella Insurance
Extra liability protection beyond limits.
Life Insurance
Financial security for your family's future.
Why TrueGuard Insurance
The Independent Advantage
As an independent insurance agency based in Winston-Salem, NC, TrueGuard Insurance serves individuals, families, and businesses with personalized coverage and honest guidance — across multiple states and growing.
Independent Agency
We represent multiple A-rated carriers and shop the market on your behalf — so you get the best coverage at the most competitive rate, not just what one company offers.
15+ Years of Experience
Matt Nelson brings over 15 years of hands-on experience in commercial trucking, construction equipment, finance, and insurance — giving you guidance backed by real industry knowledge.
Local North Carolina Expertise
Based in Winston-Salem and serving clients throughout the Piedmont Triad and across North Carolina, we understand the unique risks and regulations that affect our region.
Personalized Solutions
No two clients are the same. We take the time to understand your specific situation and build a coverage program tailored to your needs — not a one-size-fits-all policy.
Claims Guidance & Support
When a claim happens, we're in your corner. We guide you through the process step by step so you're never left navigating a difficult situation alone.
Responsive Service
We prioritize fast turnaround on quotes, certificates of insurance, and policy changes. You shouldn't have to chase your agent — we stay ahead of your needs.
Specialized Programs
We offer access to specialized insurance programs for trucking, construction equipment, dealer programs, and more — markets that most standard agencies simply cannot access.
Ongoing Policy Reviews
Insurance needs change. We proactively review your policies to identify coverage gaps, eliminate unnecessary costs, and ensure your program keeps pace with your life and business.
