Insurance term
Business Owners Policy (BOP)
A package policy that bundles general liability and commercial property coverage — and often business interruption — into one convenient plan for small and medium businesses, usually at a lower cost than buying each separately.
Example
A small retail shop can use a BOP to cover both customer injury claims and damage to its inventory.
Related coverage
General Liability Insurance
Shield your business from third-party claims and lawsuits.
Related terms
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