Business Owners Policy Insurance: Average Premiums & Pricing Factors
Quick Answer
How much does Business Owners Policy cost? Average premiums by business size, industry, and state — plus the key factors that drive your rate up or down.
Comprehensive FAQ, cost guide, and claims examples for business owners policy (BOP) insurance — bundled property and liability coverage for small businesses.
What You Need to Know
A Business Owners Policy (BOP) bundles general liability and commercial property coverage into a single policy for small businesses, often at a lower cost than purchasing separately.
Business Owners Policy Cost by Business Size
| Business Size | Annual Revenue | Typical Premium | Notes |
|---|
| Small Business | Under $1M | $500–$3,000/yr | Basic property and liability bundle. |
|---|
| Mid-Size Business | $1M–$5M | $3,000–$10,000/yr | Higher limits and additional coverages. |
|---|
What Determines Your Premium?
- Business Size (High impact) — Larger businesses with more revenue and property need higher limits.
- Industry (High impact) — Retail and office businesses pay less than restaurants or contractors.
One application. A coordinated coverage review.
Protect the business you have built with a package designed around your property, operations and insurance requirements. Casurance helps eligible businesses compare BOP options and identify coverages that need a separate policy.
Protect what you own
Schedule your building, tenant improvements, equipment and inventory around the cost to replace them. Review deductibles, valuation and limits before a loss.
Prepare for customer claims
General liability can help with covered claims alleging customer injury or damage to someone else’s property. Tell us about your operations and contract requirements.
Plan for an interruption
Business income and extra expense may help after covered property damage interrupts operations. We review the loss trigger, waiting period and restoration period.
Compare the details that matter
- Premises and contents: Owned or leased space, tenant improvements, inventory peaks and replacement values.
- Limits and contracts: Lease or lender requirements, additional insured requests and certificate wording.
- Optional protection: Equipment breakdown, spoilage, crime, cyber and hired/non-owned auto, where offered.
- Separate coverage needs: Workers’ compensation, owned commercial vehicles, professional liability, flood and earthquake require their own review.
Carrier options and specialty markets
Request a review of available options from Travelers, Chubb, CNA, Berkshire Hathaway GUARD and AmTrust. Vantage is included for specialty property review when a standard BOP is not the right fit. Availability depends on the business, state and underwriting. Carrier logos do not guarantee eligibility or a quote.
Move from request to coverage
- Start with business and contact details.
- Complete the existing three-step BOP application with operations, property values and insurance history.
- Review available terms with your broker before requesting binding.
Continue my BOP application or call 1-888-254-0089.
What shapes your BOP premium?
Business size and activity
Describe your sales, payroll, customer traffic, products and services. The way the business operates matters as much as its size; a revenue band alone cannot produce a reliable quote.
Industry and operations
An office, a retail store and a restaurant have different property and liability exposures. Disclose cooking, off-site work, deliveries and any activities outside your main business classification.
Address and catastrophe exposure
The location affects available markets and property pricing. Tell us about every site, including storage locations, and request a review of flood, earthquake and other exposures that may need separate protection.
Building construction and condition
Year built, construction, roof and system updates, occupancy, fire protection and maintenance help a carrier understand the property. Have accurate building details ready even when you lease the space.
Property replacement values
Building, contents, tenant improvements and peak inventory values affect the requested coverage. Review realistic replacement amounts; reducing a limit only to lower the premium can leave a funding gap after a loss.
Limits and deductibles
Compare liability limits, property deductibles and any separate catastrophe deductibles. Ask how each option changes the premium and the amount your business would need to pay after a covered loss.
Prior losses and risk controls
Provide prior loss details and explain completed corrective work. Maintenance, security and safety procedures help underwriters assess the account; a particular control does not guarantee a discount or acceptance.
Endorsements and income protection
Equipment breakdown, cyber, crime, spoilage and business income terms change the scope of a proposal. Identify what is included, what costs extra and what needs a separate policy before comparing totals.
Compare the complete proposal
- Property values and valuation: Same building and contents values; replacement cost or other valuation basis; any insurance-to-value condition.
- Liability limits and wording: Occurrence and aggregate limits, covered operations, additional insureds and contract-related endorsements.
- Deductibles and sublimits: Property deductible, separate peril deductibles and lower limits applying to specific property or losses.
- Business income: Covered loss trigger, waiting period, limit or period of indemnity, extra expense and restoration provisions.
- Optional and separate coverage: Equipment breakdown, spoilage, crime and cyber; identify gaps requiring another policy.
- Total proposal and payment terms: Annual premium, applicable taxes and fees, payment schedule, down payment and any installment charges.
Prepare for a useful coverage review
- Current declarations page and endorsements
- Sales, payroll and description of operations
- Building, contents and inventory values by location
- Building age, roof and system updates, and protection details
- Prior loss information and corrective measures
- Lease, lender or customer insurance requirements
Request my BOP quote
