Business Owners Policy (BOP)

A Business Owners Policy, or BOP, is one of the most efficient ways for small and midsize businesses to get the coverage they need. It bundles essential protections like property and liability into one convenient, cost effective policy. For many business owners, a BOP offers the perfect balance of coverage, simplicity, and value.

At Hallahan, McGuinness, & Lorys Ltd., we help you understand what’s included, what’s optional, and how to tailor the policy to match the way your business actually operates.

What a BOP Includes

A standard Business Owners Policy typically combines three key coverages:

General Liability
Protects your business from lawsuits involving injuries, property damage, or personal and advertising injury claims.

• Commercial Property Insurance
Covers the building you own and the business property inside it, such as equipment, inventory, furniture, and fixtures.

• Business Interruption (Business Income)
Helps replace lost income if your business has to temporarily close after a covered loss, like a fire or major storm.

These three pieces work together to protect both your physical assets and your financial stability.

Popular Add Ons and Enhancements

Depending on your business type, you can customize a BOP with additional protections, including:

• Cyber Liability
• Equipment Breakdown
• Hired and Non Owned Auto Liability
• Employment Practices Liability
• Professional Liability (for certain classes)
• Spoilage or Food Contamination (for restaurants)
• Outdoor Signs and Property
• Tools and Equipment
• Increased Business Income Limits

We help you sort out which ones matter for your specific industry so you don’t overpay for coverage you don’t need.

Who Is a BOP Designed For?

A Business Owners Policy is ideal for many small to midsize operations, including:

• Retail stores
• Restaurants and cafes
• Professional offices
• Boutiques and specialty shops
• Salons and barbershops
• Contractors with small offices
• Service based businesses
• Small manufacturers or workshops

If your business has a physical location, owns equipment or inventory, or interacts with customers, a BOP is often the fastest way to secure strong foundational protection.

Why Work With HML?

As an independent agency, we shop multiple carriers to match you with the right BOP for your business. Each carrier has different eligibility guidelines, coverage options, and pricing, and we help you make sense of it all.

Our team walks you through:

• What your BOP covers and what it doesn’t
• How much property coverage you really need
• How your business income protection works
• Which endorsements are worth adding
• Carrier requirements for your industry
• Future updates as your business grows

You get real guidance, not just a quote.

Get a Quote

If you’re starting a business, renewing your coverage, or expanding your operations, we’re here to help. Have questions? Call us at 914-939-8895 and we’ll help you figure out the right fit.

Strong, simple coverage that protects your business and keeps you moving forward.