{"id":1641,"date":"2020-09-22T15:18:47","date_gmt":"2020-09-22T15:18:47","guid":{"rendered":"https:\/\/www.insurancebee.com\/blog\/?p=1641"},"modified":"2023-02-08T09:59:28","modified_gmt":"2023-02-08T09:59:28","slug":"differencebusiness-owners-policy-and-general-liability-insurance","status":"publish","type":"post","link":"https:\/\/www.insurancebee.com\/blog\/differencebusiness-owners-policy-and-general-liability-insurance","title":{"rendered":"What is the difference between a business owner\u2019s policy (BOP) and general liability insurance?"},"content":{"rendered":"
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\"Girl<\/figure>\n<\/div>\n\n\n

There\u2019s one big difference between a business owner\u2019s policy (BOP)<\/a> and general liability insurance<\/a>.<\/p>\n\n\n\n


A business owner\u2019s policy<\/a> isn\u2019t actually a single policy. It\u2019s a bundle of policies designed for small business owners.<\/p>\n\n\n\n


And general liability insurance<\/a> is just one of the coverages included in the bundle.<\/p>\n\n\n\n

What\u2019s included in a business owner\u2019s policy (BOP)?<\/h2>\n\n\n\n

The beauty of a BOP is you get the basic insurance policies most business owners need as standard. Plus the option to customize it with add-ons. So you only pay for what you need, nothing you don’t. <\/p>\n\n\n\n

Our standard BOP includes:<\/p>\n\n\n\n

General liability<\/strong> insurance<\/strong> \u2013 the policy that protects your business from the cost of claims of physical damage to property and people.<\/p>\n\n\n\n

Property<\/strong> and business equipmen<\/strong>t insurance<\/strong> \u2013 for owned\/rented properties, this policy can pay for damage to your building and your business equipment and furniture. It also covers your tools and devices like laptops and mobiles away from your office. <\/p>\n\n\n\n

Then you can choose from the following add-ons:<\/p>\n\n\n\n

Business equipment upgrade<\/strong> – Up to $25,000 of coverage for business equipment you take out of the office.<\/p>\n\n\n\n

Electronic data loss<\/strong> \u2013 can replace or restore electronic data lost if your computer system\u2019s damaged by a fire, virus or malware. And lost income if you can\u2019t do business as a result.<\/p>\n\n\n\n

Equipment breakdown<\/strong> \u2013 this policy can cover the cost of repairs or replacement of your equipment if it stops working.<\/p>\n\n\n\n

Crime liability<\/strong> \u2013 protects you from the cost of employee dishonesty. Including theft of client property, money transfer fraud and forgery.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Do I need general liability insurance or a business owner\u2019s policy?<\/strong><\/h2>\n\n\n\n


Most business owners need general liability insurance. That\u2019s because it covers you from the cost of claims you\u2019re most likely to face.
<\/p>\n\n\n\n

You need general liability insurance if:<\/p>\n\n\n\n