Ohio Business Owners Policy (BOP) Insurance

As a small or medium-sized business owner in Ohio, you have many responsibilities and risks to manage. That's why you should think about getting Business Owners Policy (BOP) insurance. 

A BOP is a type of insurance that combines property and liability coverage into one package. This means that you can protect your business from claims related to fire, theft, damage, injury, and other covered disasters or operations. A BOP also includes business interruption insurance, which helps cover the loss of income if your business has to temporarily close due to a covered event.

A BOP can be customized to suit your specific needs and budget. You can add optional coverages, such as crime, spoilage, forgery, fidelity, and more. 

However, not all businesses are eligible for a BOP. You usually must meet certain criteria based on your location, size, revenue, and industry. BOPs are typically ideal for small businesses with up to 100 workers and $5 million or less in yearly sales. 



Some businesses that are eligible for a BOP are retail stores, restaurants, contractors, landlords, wholesalers, and warehouses. Businesses that are usually not eligible for an Ohio business owners policy include manufacturers, car dealerships, bars and pubs, banks and financial institutions, auto repair shops, and amusement parks.

If you are looking for a reliable and affordable BOP insurance agency in Ohio, you have come to the right place. 

We offer customized BOP insurance plans that cover property damage, liability, business interruption, and more. Whether you own a retail store, a restaurant, a salon, or any other type of business, we have the perfect BOP insurance plan for you. 

Contact us today and get a free quote from one of our friendly and knowledgeable agents. We are here to help you protect your business and your future.

As mentioned before, a BOP combines different types of insurance coverage for your Ohio business. 

General Liability insurance 

General liability insurance will protect your business from claims of bodily injury, property damage, personal injury, and advertising injury caused by your business operations, products, or services. It can help cover the costs of medical expenses, legal fees, settlements, and judgments if you are sued by a third party.

General liability insurance is especially important for small and medium-sized businesses in Ohio because they may not have the financial resources to handle a large lawsuit. A single claim can cost thousands or even millions of dollars, depending on the severity of the injury or damage. Without general liability insurance, you may have to pay these costs out of your own pocket, which could jeopardize your business assets and reputation.

Some examples of situations where general liability insurance can protect your business are:

• A customer slips and falls on a wet floor at your store and breaks their arm.
• A contractor you hired damages a client's property while working on a project.
• A competitor accuses you of copying their slogan or logo in your advertisement.
• An employee posts a negative review of a vendor on social media and the vendor sues you for defamation.

General liability insurance can cover these claims up to the limit of your policy, which is the maximum amount your insurer will pay for a single claim or per year. The limit of your policy depends on several factors, such as the size and nature of your business, the level of risk you face, and the amount of coverage you want. Typically, small and medium sized businesses in Ohio can choose from limits ranging from $300,000 to $2 million.

Property Insurance

Property insurance is a type of business insurance that protects your physical assets from damage or loss caused by certain events. If you own or rent a commercial property in Ohio, or if you have a home-based business with valuable equipment or inventory, you should consider getting property insurance.

Property insurance can cover your building, your business personal property (such as furniture, computers, tools and inventory) and others' property that is in your care or custody. Depending on the policy, it can cover damage or loss caused by fire, smoke, lightning, windstorm, hail, explosion, riot, vandalism and theft.

Property insurance can help you recover from unexpected events that could disrupt your business operations or cause financial hardship. It can also protect you from liability claims if someone else's property is damaged while on your premises or in your possession. Property insurance is especially important for small and medium-sized businesses in Ohio that may not have the resources to replace or repair their assets after a disaster.

Business Interruption Insurance

Business interruption insurance can help your businesses in Ohio cope with the loss of income due to a disaster or a pandemic. It can cover expenses such as rent, payroll, taxes, and loan payments that the business would have earned if it had been operating normally. Business interruption insurance can also cover the extra costs of operating from a temporary location or restoring damaged equipment. The amount and duration of coverage depend on the terms and conditions of the policy, as well as the cause and extent of the interruption. Typically, business interruption insurance covers interruptions caused by fire, wind, hail, theft, vandalism, or civil unrest. However, some policies may exclude interruptions caused by floods, earthquakes, cyberattacks, or communicable diseases.



Business interruption insurance can be a lifeline for small and medium sized businesses in Ohio that face unexpected disruptions to their operations. It can help them maintain their cash flow, pay their bills, and retain their employees until they can resume their normal activities. However, business interruption insurance also has some limitations and exclusions that business owners should be aware of before purchasing a policy.

There are some common exclusions that you should be aware of before purchasing a BOP.

• Nuclear hazards - liability caused by nuclear radiation, contamination, or explosion.
• Power failure - any loss of income or property damage due to a power outage that affects your business premises or equipment.
• Military actions - any damage or liability caused by war, invasion, rebellion, insurrection, or other hostile acts by a foreign or domestic enemy.
• Smog or pollution - any damage or liability caused by the release, discharge, or escape of pollutants, contaminants, or hazardous substances into the air, water, or soil.
• Loss of market - any loss of income or profit due to changes in market conditions, consumer preferences, competition, or other factors that affect the demand for your products or services.
• Decay, rust, or corrosion - damage to your property caused by gradual deterioration, wear and tear, decay, rust, mold, mildew, fungus, or corrosion.
• Any damage to your property caused by animals, birds, rodents, insects, vermin, or other pests.
• Any damage or liability caused by the seizure, confiscation, requisition, destruction, or condemnation of your property by any governmental authority.

These are some of the common exclusions in an Ohio BOP. However, different insurers may have different terms and conditions for their policies. Therefore, it is important to read your policy carefully and understand what is covered and what is not. You may also want to consult with an insurance agent or broker to find the best BOP for your business needs and budget.

The cost of a BOP depends on several factors, such as the size and type of your business, the location and condition of your premises, the amount and value of your inventory and equipment, the level of coverage you choose, and the deductible you are willing to pay.

The average annual premium for a BOP in Ohio is $1,281. 

Here are a few things you can do to lower cost BOP insurance costs: 

• Shop around for quotes from different insurers: Compare the coverage, limits, and exclusions of each policy and choose the one that meets your needs and budget.
• Increase your deductible: A deductible is the amount you pay out of pocket before your insurance kicks in. By choosing a higher deductible, you can lower your premium, but make sure you can afford it in case of a claim.
• Bundle your policies: If you need other types of insurance besides BOP, such as workers' compensation, commercial auto, or umbrella insurance, you may be able to get a discount by buying them from the same insurer.
• Implement risk management strategies: You can reduce your chances of filing a claim by taking steps to prevent losses and mitigate damages. For example, you can install security systems, fire alarms, and sprinklers to protect your property; train your employees on safety procedures and best practices; and update your equipment and machinery regularly.
• Ask for discounts: Some insurers may offer discounts for certain features or actions that lower your risk profile. For example, you may qualify for a discount if you have a good credit score, a clean claims history, or a membership in a professional association.

To get a more accurate quote, you should contact an independent insurance agent who can compare multiple options from different carriers and find the best deal for your needs

To get a more accurate quote, you should contact an independent insurance agent who can compare multiple options from different carriers and find the best deal for your needs.

We offer customized BOP policies that cover both property and liability risks for your small or medium-sized business. 

Whether you own a restaurant, a retail store, a service company, or any other type of business, we have the right BOP policy for you. 



Contact us today and get a free quote from one of our friendly agents.