One Policy That Covers What Your Business Is Built On

A business owners policy bundles the core commercial coverages most small businesses need into a single, cost-effective package — so you're not piecing together separate policies or discovering gaps after a claim. We shop BOP insurance quotes across dozens of carriers to find the right fit for your business, your industry, and your budget.

What a Business Owners Policy Actually Covers

A standard BOP combines three foundational coverages that most small business owners need regardless of industry:

 

  • Commercial Property — covers your building, equipment, inventory, and business personal property against fire, theft, vandalism, and certain weather events
  • General Liability — covers third-party bodily injury, property damage, and personal injury claims that arise from your business operations
  • Business Income Coverage — replaces lost revenue and helps cover ongoing expenses if a covered loss forces you to temporarily close or reduce operations

 

Some carriers allow you to extend a BOP with endorsements for data breach, equipment breakdown, hired and non-owned auto, or other exposures specific to your business type.

Why Small Business Owners Choose a BOP Over Separate Policies

Buying property and liability coverage separately almost always costs more and creates coordination problems when a single incident touches both. A business owners policy is designed to close that gap — one policy, one renewal date, one place to call when something goes wrong.

 

As an independent agency, we're not tied to one carrier's version of a BOP. We compare options across multiple carriers to match your business with a policy that reflects how you actually operate, not a generic template built around someone else's risk profile.

Is Your Business Eligible for a Business Owners Policy?

BOPs are designed for small to mid-sized businesses that meet certain eligibility thresholds set by the carrier — typically based on revenue, number of employees, square footage, and business type. Most retail shops, professional offices, service businesses, contractors, and light manufacturing operations qualify.

 

Businesses with higher complexity or specialized exposures — large commercial operations, certain habitational properties, or industries with elevated liability risk — may need a commercial package policy instead. We'll tell you honestly which structure fits your situation.

What a BOP Doesn't Cover

Understanding the limits of a business owners policy is just as important as knowing what it includes. A BOP does not cover:

 

  • Workers' compensation — required separately in Wisconsin and Minnesota once you have employees
  • Commercial auto — vehicles owned or regularly used by your business need their own policy
  • Professional liability — errors and omissions coverage is not included in a standard BOP and is critical for service-based businesses
  • Cyber liability — data breach and network security coverage is typically excluded or very limited unless added by endorsement
  • Flood and earthquake — these perils are excluded from most commercial property policies and require separate coverage

 

If any of these gaps apply to your business, we can quote those coverages alongside your BOP so nothing falls through.

How We Quote Your Business Owners Policy

Tell Us About Your Business

We start with a straightforward conversation — your industry, your location, how long you've been operating, and what you own or lease. No lengthy forms before we've had a chance to understand what you actually need.

We Shop Across Carriers

With access to dozens of commercial carriers, we compare BOP options based on coverage terms, not just premium. We look at what each policy includes, what it excludes, and how the carrier performs on claims before we bring you a recommendation.

You Choose, We Handle the Rest

Once you've selected a policy, we take care of binding, documentation, and certificates of insurance. And when renewal comes around — or when something changes in your business — we're still the ones you call.

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Common Questions About Business Owners Policy Insurance

  • What does a business owners policy cover?

    A BOP typically bundles commercial property, general liability, and business income coverage into a single policy. It covers physical assets like your building and equipment, third-party injury or damage claims, and lost revenue if a covered event forces you to close temporarily. Specific coverage terms vary by carrier and can often be expanded with endorsements.

  • How much does a BOP cost for a small business in Wisconsin?

    BOP premiums vary based on your industry, revenue, location, property values, and claims history. Many small businesses in Wisconsin and Minnesota pay between $500 and $2,500 per year for a base BOP, though businesses with higher risk profiles or larger operations will see higher premiums. The best way to get an accurate number is to request a quote.

  • Can I get a BOP insurance quote in New Richmond, WI?

    Yes. Our office is based in New Richmond, and we work with small businesses throughout the St. Croix Valley, the greater Twin Cities metro, and across Wisconsin. You can request a quote online, call or text us directly, or stop by in person.

  • Do I need additional policies alongside a BOP?

    Most businesses do. A BOP doesn't include workers' compensation, commercial auto, professional liability, or cyber liability coverage. Depending on your business type and state requirements, some of these may be legally required — and others are strongly worth considering even when they're not.

  • What's the difference between a BOP and a commercial package policy?

    A BOP is a pre-structured bundle designed for eligible small businesses — it's efficient and typically less expensive. A commercial package policy (CPP) is more customizable and better suited to larger or more complex operations that need coverage configurations a standard BOP can't accommodate. We'll help you determine which structure makes sense for your business.

Ready to Compare Small Business Insurance Options?

Running a business in the St. Croix Valley or the Twin Cities metro means you've worked hard to build something worth protecting. We'll help you find a business owners policy that covers what matters — without paying for what doesn't. Reach out to get your BOP insurance quote, or explore our full commercial insurance options.