A BOP generally combines the following types of coverage in one convenient bundle:
- Commercial property insurance — Covers losses to property from common perils. It also covers office equipment, furniture, inventory, machinery, raw materials, computers and anything else that is vital to business operations.
- General liability insurance — Covers a company’s legal responsibility for any harm it may cause to others, up to the policy limit. It also covers attorney fees and medical bills for anyone injured by the company.
- Business interruption insurance — Reimburses for loss of income if a covered disaster interferes with the successful operation of the business.