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Business Owner's Policy (BOP)
Bundled General Liability and Commercial Property coverage designed specifically for small and mid-sized Florida businesses.
Two Essential Policies, One Streamlined Package
A Business Owner's Policy (BOP) combines General Liability Insurance and Commercial Property Insurance into a single, cost-effective package. Designed specifically for small and mid-sized businesses, a BOP typically costs 15-30% less than purchasing these coverages separately, while often including additional built-in coverages like business interruption and equipment breakdown that would otherwise require separate endorsements.
For Florida businesses operating from leased or owned commercial space with moderate risk profiles, a BOP is often the most efficient way to secure foundational business coverage. It satisfies most lease requirements, provides contents and liability protection, and includes business interruption coverage that replaces lost income if a covered event forces you to close temporarily.
SMAART Company evaluates whether a BOP is the right fit for your specific Florida business, or whether standalone policies would provide better coverage for your particular risk profile. Not every business qualifies for a BOP, and not every BOP is created equal, so carrier selection and endorsement options matter significantly.
Core Directives
Cost Savings
Comprehensive Protection
Simplified Management
Ready When You Are
Operational Milestones
01
Qualify
Determine whether your business type, size, and risk profile qualify for a BOP versus requiring standalone policies.
02
Value
Assess your property values, contents, and liability exposure to set appropriate BOP limits.
03
Compare
Quote BOP packages from multiple carriers and compare against standalone policy pricing to confirm the cost advantage.
04
Customize
Add optional endorsements for cyber liability, professional liability, or inland marine to tailor your BOP to your specific needs.
05
Bind
Place your BOP, issue certificates, and ensure all lease and contract requirements are satisfied under the bundled policy.
Separate Policies Are Not Always Better
Many small businesses either overpay for standalone policies they could bundle, or worse, carry no property coverage because they only purchased liability. A BOP closes both gaps at a lower total cost.
Included Services & Outcomes
General Liability coverage (bundled)
Commercial Property coverage (bundled)
Business interruption and loss of income
Equipment breakdown coverage
Off-premises property coverage
Employee dishonesty coverage
Electronic data loss coverage
Hired and non-owned auto liability
Essential Coverage. Simplified.
A BOP delivers the two most critical business policies in one efficient package. SMAART ensures your BOP is properly structured, competitively priced, and actually covers how your business operates.
FAQ
Questions &
Answers
Get answers to the most common questions about our business owner's policy (bop) services.
Most small to mid-sized businesses with fewer than 100 employees and under $5 million in annual revenue qualify. Retail stores, offices, restaurants, professional service firms, and light contractors are common BOP candidates. High-risk operations like manufacturing may not qualify.
A BOP bundles General Liability and Commercial Property into one policy at a discounted premium. It often includes additional coverages (business interruption, equipment breakdown) that would require separate endorsements on standalone policies. However, BOP limits may be lower than what standalone policies offer.
Many carriers offer Professional Liability and Cyber Liability as optional endorsements on a BOP. However, the limits and coverage terms are often more limited than standalone policies. SMAART evaluates whether the BOP endorsement is sufficient or a standalone policy is warranted.
BOPs include property coverage for named perils including wind, but Florida hurricane deductibles are typically separate and higher (2-5% of insured value). Flood damage requires a separate policy. SMAART explains your actual exposure under Florida storm scenarios.
Bundle Your Business Coverage
SMAART Company helps Florida small businesses determine whether a BOP is the right fit and places competitively priced packages that cover your liability, property, and business income in one policy.
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