Business Owners Policy (BOP) Insurance in Michigan
Protect your business with a tailored Business Owners Policy (BOP) that combines essential property and general liability coverage in one convenient package. At Melton McFadden, we simplify protection for your small or mid-size company—covering physical assets and liability risks while allowing you to customize with add-ons like business income, signage, or security coverage. Trust us to bundle it right so you can focus on growing your business.
What is A Business Owners Policy?
A Business Owners Policy, or BOP, is a bundled insurance package designed specifically for small to medium-sized businesses in lower-risk industries. It typically combines two essential coverages—general liability and property insurance—and can include several optional protections based on your business’s unique needs.
BOP eligibility depends on factors such as the type of business, annual revenue, number of employees, and level of risk. But if your business qualifies, a BOP can be an efficient and cost-effective way to get broad coverage in one policy.
What Does a BOP Typically Include?
A standard BOP usually includes:
- General Liability Insurance – Covers legal expenses and damages if your business is responsible for third-party bodily injury or property damage. It may also protect against claims of slander, libel, and false advertising.
- Commercial Property Insurance – Covers physical assets your business owns or leases (like equipment, inventory, and furnishings) in the event of damage or loss due to fire, theft, or other covered events.
- Business Income Coverage – Helps replace lost income and covers extra expenses if your business has to temporarily shut down due to a covered event.
Note: A BOP does not include coverage for workers’ compensation, professional liability (errors & omissions), or commercial auto insurance. These must be purchased separately.
Optional Coverages You Can Add to Your BOP
Outdoor Sign Insurance
Money & Securities Insurance
Employee Dishonesty Insurance
Water Backup Insurance
Who Doesn’t Qualify for a BOP?
Not every business is a good fit for a BOP. You may not qualify if:
- Your operations are considered high-risk or highly specialized
- Your business occupies large or multiple premises
- Most of your work happens offsite (e.g., contractors)
- You need higher liability limits than a standard BOP allows
If that’s the case—don’t sweat it. We can still help you find the right combination of commercial insurance policies tailored to your needs.
Is a BOP Right for Your Michigan Business?
A BOP offers a convenient and affordable way to cover many of the most common risks small businesses face. But choosing the right coverage is critical. Contact the team at Melton McFadden, and we’ll walk you through your options, explain what your business truly needs—and what it doesn’t—and help you secure coverage that fits both your operations and your budget.