--- title: Business Owner's Policy | Insurance Solutions for Business | Concklin description: Business Owner Insurance | Customized Coverage | Business Insurance Solutions | The Right Insurance at Competitive Rates & Prices | Top Rated Carriers image: https://insurance.concklin.com/hubfs/business-owner-behind-the-counter-at-a-sandwich-ba-2021-08-26-16-13-07-utc-1.jpg --- [Skip to content](https://insurance.concklin.com/business-owners-insurance-policy#main-content) [facebook-f icon](https://www.facebook.com/ConcklinInsurance) [linkedin-in icon](https://www.linkedin.com/company/concklin-insurance-agency) [Twitter icon](https://twitter.com/ConcklinA) [youtube icon](https://www.youtube.com/channel/UC_HnJQ4S_USSxBJkauXwu6A) [**Contact Our Team **](https://insurance.concklin.com/compare-quotes#CLQuoteRequest) **[630-268-1600](tel:+16302681600)** **[Contact Our Team](https://insurance.concklin.com/compare-quotes#CLQuoteRequest)** ****[630-268-1600](tel:+16302681600)**** [![Concklin Logo-1](https://insurance.concklin.com/hs-fs/hubfs/Concklin%20Logo-1.png?width=314&height=100&name=Concklin%20Logo-1.png)](https://insurance.concklin.com/) - About Us Show submenu for About Us - [Our Story](https://insurance.concklin.com/about-us-who-we-are) - [Our Team](https://insurance.concklin.com/meet-our-team) - [Contact Us](https://insurance.concklin.com/contact-us) - [Markets & Industries](https://insurance.concklin.com/industry-specific-insurance-programs) - [Business Insurance](https://insurance.concklin.com/business-insurance-coverage) - [Personal Insurance](https://insurance.concklin.com/personal-lines-insurance-coverage) - Life & Health Insurance Show submenu for Life & Health Insurance - [Life Insurance](https://insurance.concklin.com/life-insurance) - [Health Insurance](https://insurance.concklin.com/health-insurance) - Resources Show submenu for Resources - [Claims Resources](https://insurance.concklin.com/claims-resources) - [Cyber Resources](https://insurance.concklin.com/cyber-insurance-resources) - [Blog](https://blog.concklin.com/) - [Video Library](https://blog.concklin.com/video-library) - [Client Portal](https://insurance.concklin.com/client-portal) - [Make A Payment](https://concklin.appliedpay.com/) Open main navigation Close main navigation - About Us Show submenu for About Us - [Our Story](https://insurance.concklin.com/about-us-who-we-are) - [Our Team](https://insurance.concklin.com/meet-our-team) - [Contact Us](https://insurance.concklin.com/contact-us) - [Markets & Industries](https://insurance.concklin.com/industry-specific-insurance-programs) - [Business Insurance](https://insurance.concklin.com/business-insurance-coverage) - [Personal Insurance](https://insurance.concklin.com/personal-lines-insurance-coverage) - Life & Health Insurance Show submenu for Life & Health Insurance - [Life Insurance](https://insurance.concklin.com/life-insurance) - [Health Insurance](https://insurance.concklin.com/health-insurance) - Resources Show submenu for Resources - [Claims Resources](https://insurance.concklin.com/claims-resources) - [Cyber Resources](https://insurance.concklin.com/cyber-insurance-resources) - [Blog](https://blog.concklin.com/) - [Video Library](https://blog.concklin.com/video-library) - [Client Portal](https://insurance.concklin.com/client-portal) - [Make A Payment](https://concklin.appliedpay.com/) --- # Business Owner's Insurance Policy ## Protect your business with one policy built for small businesses. Running a business means managing risk every day. A customer could be injured on your premises, a fire could damage your equipment, or a storm could damage your property and interrupt operations. A Business Owner's Policy, often called a BOP, helps protect small and some lower-risk midsize businesses by combining key coverages into one policy. Instead of buying separate policies for several common risks, many business owners use a BOP as a practical starting point for their insurance program. Get a Quote [Contact our Team](https://insurance.concklin.com/compare-quotes#CLQuoteRequest) --- ## A typical Business Owner's Policy helps cover: **Property Damage** Covers damage to your buildings, equipment, inventory, and other business property. **Liability Claims** Helps pay for claims of bodily injury or property damage you are legally responsible for. **Business Income** Helps replace lost income if your business has to temporarily close due to a covered loss What Is a Business Owner's Policy? A Business Owner's Policy is a business insurance package designed for many small and midsize businesses. It combines three core coverages into one policy. For many businesses, a BOP provides a strong foundation of protection and can be more efficient than managing several separate policies.   ### General Liability Provides protection if your business is sued for bodily injury, property damage, personal injury.   [Learn more](https://insurance.concklin.com/commercial-general-liability-insurance) ### Commercial Property Helps protect your building and business property from covered losses like fire, theft, and vandalism. [Learn more](https://insurance.concklin.com/commercial-property-insurance) ### Business Income Helps replace lost income and cover certain ongoing expenses if your business must temporarily close or reduce operations because of covered physical damage to insured property. [Learn more](https://insurance.concklin.com/business-interruption-insurance) ## Optional Additional Coverages Some carriers offer optional coverages or endorsements that can expand a Business Owner's Policy for certain types of businesses. Depending on your operations, these may include: - Outdoor sign coverage - Exterior glass coverage - Employee dishonesty coverage - Equipment breakdown coverage - Terrorism coverage We are here to help you review your policy carefully and identify any gaps that may need to be addressed with endorsements or separate standalone policies.  ### Request a Proposal ## Why Clients Choose to Work with Concklin ### Independent Carrier Access We compare options from multiple top-rated carriers to find the right fit. ### Advice beyond selling a policy Practical guidance and risk management to help you make confident decisions. ### Support when claims happen We're here to advocate for you and help make the process smoother. ### Family-owned agency Craig Concklin and his father, Tom Concklin got us started in 1981.  ##  Frequently Asked Questions --- ### What is a Business Owner's Policy, or BOP? A Business Owner's Policy, or BOP, is a business insurance package designed for many small and midsize businesses. It typically combines general liability, commercial property, and business income coverage into one policy. ### What coverages are usually included in a BOP? Most Business Owner's Policies are built around three core coverages: - [General liability insurance](https://insurance.concklin.com/commercial-general-liability-insurance) - [Commercial property insurance](https://insurance.concklin.com/commercial-property-insurance) - [Business income insurance](https://insurance.concklin.com/business-interruption-insurance) ### What is not covered by a BOP? A BOP does not cover every business risk. Depending on your operations, you may also need separate coverage for: - [Workers' compensation insurance](https://insurance.concklin.com/workers-compensation-insurance) - [Commercial auto insurance](https://insurance.concklin.com/commercial-auto-insurance) - [Professional liability insurance](https://insurance.concklin.com/professional-liability-errors-omissions-insurance) - [Cyber liability insurance](https://insurance.concklin.com/cyber-liability-insurance) - [Flood insurance](https://blog.concklin.com/blog/flood-insurance-for-your-business-what-you-need-to-know.html) ### Who should consider a Business Owner's Policy?  A BOP may be a good fit for many lower-risk small businesses, including offices, retail stores, service businesses, and some restaurants, contractors, or franchise operations, depending on carrier eligibility.  ### What types of businesses usually qualify for a BOP? Eligibility depends on the carrier and the business. In general, businesses with straightforward operations, moderate property values, and limited locations are often strong candidates. ### Do I need a BOP if I lease my space instead of owning it? Yes, in many cases. Even if you do not own the building, you may still need coverage for business personal property, tenant improvements, liability claims, and lost income after a covered disruption. ### If I run my business from home, do I still need a BOP? Possibly. Homeowners insurance is not designed to cover business property, business liability, or lost business income. A home-based business may need a BOP, an in-home business endorsement, or separate general liability, property, and business income coverage. ### How much does a Business Owner's Policy cost? The cost of a BOP depends on factors such as your type of business, location, property values, claims history, payroll, revenue, and the limits and deductibles you choose. ### Is a BOP cheaper than buying separate policies? Often, yes. Because a BOP bundles several core coverages into one policy, it is often more cost effective than purchasing each coverage separately. ### What is business income insurance? [Business income insurance](https://insurance.concklin.com/business-interruption-insurance), sometimes called business interruption coverage, can help replace lost income if a covered event forces your business to shut down temporarily. It may also help with certain ongoing expenses while you recover. ### Does a BOP cover employee injuries? No. Employee injuries are handled through [workers' compensation](https://insurance.concklin.com/workers-compensation-insurance) insurance, not a Business Owner's Policy. ### Does a BOP cover business vehicles? No. Business vehicles usually need a separate [commercial auto policy](https://insurance.concklin.com/commercial-auto-insurance). If employees use personal vehicles for work, [hired and non-owned auto](https://insurance.concklin.com/hired-non-owned-auto-insurance) coverage may also need to be considered. ### Can a BOP be customized? Yes. Many insurers offer optional coverages or endorsements that can tailor a BOP to your business. ### When is a BOP not enough by itself? A BOP is often a strong foundation, but it may not be enough on its own if your business has employees, vehicles, professional services exposure, cyber risk, flood exposure, or specialized property. ## Insurance Insights and Risk Management Guidance Our blog articles help you stay informed and make smarter insurance decisions [![When the Walk-In Freezer Goes Down: Understanding Food Spoilage and Time Deductibles](https://insurance.concklin.com/hs-fs/hubfs/When%20the%20Walk-In%20Freezer%20Goes%20Down%20Understanding%20Food%20Spoilage%20and%20Time%20Deductibles.jpg?height=200&name=When%20the%20Walk-In%20Freezer%20Goes%20Down%20Understanding%20Food%20Spoilage%20and%20Time%20Deductibles.jpg)](https://blog.concklin.com/when-the-walk-in-freezer-goes-down-food-spoilage-and-time-deductibles) [Read Article](https://blog.concklin.com/when-the-walk-in-freezer-goes-down-food-spoilage-and-time-deductibles) [![](https://insurance.concklin.com/hs-fs/hubfs/Water%20Damage%20and%20Your%20Business%20Understanding%20Coverage%20Differences%20(1).png?height=200&name=Water%20Damage%20and%20Your%20Business%20Understanding%20Coverage%20Differences%20(1).png)](https://blog.concklin.com/water-damage-and-your-business-understanding-coverage-differences) [Read Article](https://blog.concklin.com/water-damage-and-your-business-understanding-coverage-differences) [![](https://insurance.concklin.com/hs-fs/hubfs/Your%20Business%20Is%20Open%2c%20but%20Your%20Supplier%20Is%20Not.png?height=200&name=Your%20Business%20Is%20Open%2c%20but%20Your%20Supplier%20Is%20Not.png)](https://blog.concklin.com/your-business-is-open-but-your-supplier-is-not-understanding-contingent-business-income-coverage) [Read Article](https://blog.concklin.com/your-business-is-open-but-your-supplier-is-not-understanding-contingent-business-income-coverage) ## Talk to one of our agents --- ![Craig Concklin](https://insurance.concklin.com/hubfs/Headshots/Craig%20Concklin-1.jpeg "Craig Concklin") ### Craig Concklin [craig@concklin.com](mailto:craig@concklin.com) ##### President [See My Bio](https://insurance.concklin.com/craig-concklin) ![Michael Mormando-1](https://insurance.concklin.com/hs-fs/hubfs/Headshots/Michael%20Mormando-1.jpeg?width=200&height=200&name=Michael%20Mormando-1.jpeg "Michael Mormando-1") ### Michael Mormando [michael@concklin.com](mailto:michael@concklin.com) ##### Agent/Producer [See My Bio](https://insurance.concklin.com/michael-mormando) ![Mike O 2020 website](https://insurance.concklin.com/hs-fs/hubfs/Mike%20O%202020%20website.jpeg?width=200&height=200&name=Mike%20O%202020%20website.jpeg "Mike O 2020 website") ### Michael O'Donnell [mikeo@concklin.com](mailto:mikeo@concklin.com) ##### Agent/Producer [See My Bio](https://insurance.concklin.com/the-right-insurance-with-mike-odonnell-business-and-personal)   ![Christine Lee Headshot 2021 website-1](https://insurance.concklin.com/hs-fs/hubfs/Christine%20Lee%20Headshot%202021%20website-1.jpeg?width=200&height=200&name=Christine%20Lee%20Headshot%202021%20website-1.jpeg "Christine Lee Headshot 2021 website-1") ### Christine Lee [christine.lee@concklin.com](mailto:christine.lee@concklin.com) ##### Agent/Producer [See My Bio](https://insurance.concklin.com/christine-lee) ![Peter 2](https://insurance.concklin.com/hs-fs/hubfs/Peter%202.jpeg?width=200&height=200&name=Peter%202.jpeg "Peter 2") ### Peter Mormando [peter@concklin.com](mailto:peter@concklin.com) ##### Agent/Producer [See My Bio](https://insurance.concklin.com/the-right-insurance-with-peter-mormando-business-and-personal) ## Client Resources --- ### Client Portal The Zywave portal gives Concklin clients access to professionally written insurance, HR, safety, compliance, and risk management resources. Content can be tailored by industry, state, and preference, with email updates available when new resources are added. Contact your Concklin representative with any questions. [Log in to the Portal](https://insurance.concklin.com/client-portal) ### Client Advocacy Independent Agents act more like Trusted Advisors. We have your best interests in mind, even after coverage is bound. Like a Trusted Advisor, Independent Agents are your advocate if a claim should occur. Being in your corner means being there every step of the way, from helping you decide if a claim should be filed to talking with claims adjusters, the wellbeing of our clients is our number one priority. [Learn More](https://insurance.concklin.com/client-advocacy) ### Cyber Resources Cyber threats can create serious costs for small businesses, including breach response, forensic work, customer notifications, legal expenses, and reputational damage. Concklin Insurance Agency offers cyber liability insurance, along with resources to help business owners better understand and reduce their cyber risk. [Learn More](https://insurance.concklin.com/client-advocacy) ![business-owner-behind-the-counter-at-a-sandwich-ba-2021-08-26-16-13-07-utc-1-1](https://insurance.concklin.com/hubfs/business-owner-behind-the-counter-at-a-sandwich-ba-2021-08-26-16-13-07-utc-1-1.jpeg "business-owner-behind-the-counter-at-a-sandwich-ba-2021-08-26-16-13-07-utc-1-1") ## Request an Insurance Review Concklin Insurance Agency can help you review your current program, compare coverage options, and build an insurance plan around your business's unique needs Request a Quote [![Concklin Logo](https://insurance.concklin.com/hs-fs/hubfs/Concklin%20Logo.png?width=150&height=48&name=Concklin%20Logo.png "Concklin Logo")](http://concklin.com) [facebook-f icon](https://www.facebook.com/ConcklinInsurance) [linkedin-in icon](https://www.linkedin.com/company/concklin-insurance-agency) [Twitter icon](https://twitter.com/ConcklinA) [youtube icon](https://www.youtube.com/channel/UC_HnJQ4S_USSxBJkauXwu6A) - About Us - [Markets & Industries](https://insurance.concklin.com/industry-specific-insurance-programs) - [Business Insurance](https://insurance.concklin.com/business-insurance-coverage) - [Personal Insurance](https://insurance.concklin.com/personal-lines-insurance-coverage) - Life & Health Insurance - Resources - [Make A Payment](https://concklin.appliedpay.com/) --- REQUESTING COVERAGE DOES NOT GUARANTEE COVERAGE CAN BE PROVIDED.  COVERAGE CAN BEGIN ONLY WITH SPECIFIC STATEMENT BY A LICENSED MEMBER OF CONCKLIN INSURANCE AGENCY. MISSTATEMENTS OR OMISSIONS OF RELEVANT INFORMATION CAN LEAD TO PRICE VARIATION OR EVEN DECLINATION OR RESCISSION OF COVERAGE. NONE OF THE INFORMATION PROVIDED ON THIS WEBSITE IS A GUARANTEE THAT INSURANCE WILL BE PROVIDED OR THAT CONCKLIN INSURANCE AGENCY IS OBLIGATED TO PROCURE INSURANCE FOR ANY WEBSITE VISITORS. 240 S. WESTMORE MEYERS ROAD, LOMBARD IL 60148 630-268-1600 | [CONCKLIN@CONCKLIN.COM](mailto:concklin@concklin.com) [Privacy Policy](https://insurance.concklin.com/privacy-policy) Copyright © 2026, Concklin Insurance Agency ```json { "@context" : "https://schema.org", "@id" : "https://insurance.concklin.com/#organization", "@type" : [ "Organization", "LocalBusiness", "InsuranceAgency" ], "address" : { "@type" : "PostalAddress", "addressCountry" : "US", "addressLocality" : "Lombard", "addressRegion" : "IL", "postalCode" : "60148", "streetAddress" : "240 S. 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It typically combines general liability, commercial property, and business income coverage into one policy." }, "name" : "What is a Business Owner's Policy, or BOP?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "Most Business Owner's Policies are built around three core coverages: General liability insurance Commercial property insurance Business income insurance" }, "name" : "What coverages are usually included in a BOP?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "A BOP does not cover every business risk. Depending on your operations, you may also need separate coverage for: Workers' compensation insurance Commercial auto insurance Professional liability insurance Cyber liability insurance Flood insurance" }, "name" : "What is not covered by a BOP?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "A BOP may be a good fit for many lower-risk small businesses, including offices, retail stores, service businesses, and some restaurants, contractors, or franchise operations, depending on carrier eligibility." }, "name" : "Who should consider a Business Owner's Policy?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "Eligibility depends on the carrier and the business. In general, businesses with straightforward operations, moderate property values, and limited locations are often strong candidates." }, "name" : "What types of businesses usually qualify for a BOP?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "Yes, in many cases. Even if you do not own the building, you may still need coverage for business personal property, tenant improvements, liability claims, and lost income after a covered disruption." }, "name" : "Do I need a BOP if I lease my space instead of owning it?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "Possibly. Homeowners insurance is not designed to cover business property, business liability, or lost business income. A home-based business may need a BOP, an in-home business endorsement, or separate general liability, property, and business income coverage." }, "name" : "If I run my business from home, do I still need a BOP?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "The cost of a BOP depends on factors such as your type of business, location, property values, claims history, payroll, revenue, and the limits and deductibles you choose." }, "name" : "How much does a Business Owner's Policy cost?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "Often, yes. Because a BOP bundles several core coverages into one policy, it is often more cost effective than purchasing each coverage separately." }, "name" : "Is a BOP cheaper than buying separate policies?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "Business income insurance, sometimes called business interruption coverage, can help replace lost income if a covered event forces your business to shut down temporarily. It may also help with certain ongoing expenses while you recover." }, "name" : "What is business income insurance?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "No. Employee injuries are handled through workers' compensation insurance, not a Business Owner's Policy." }, "name" : "Does a BOP cover employee injuries?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "No. Business vehicles usually need a separate commercial auto policy. If employees use personal vehicles for work, hired and non-owned auto coverage may also need to be considered." }, "name" : "Does a BOP cover business vehicles?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "Yes. Many insurers offer optional coverages or endorsements that can tailor a BOP to your business." }, "name" : "Can a BOP be customized?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "A BOP is often a strong foundation, but it may not be enough on its own if your business has employees, vehicles, professional services exposure, cyber risk, flood exposure, or specialized property." }, "name" : "When is a BOP not enough by itself?" } ] } ```