Article
Top 10 Best Business Owners Policy (BOP) Insurance of 2026
Bundle property and liability coverage for comprehensive business protection. Our experts compared BOP packages, pricing, and value to identify the best providers for small businesses.
A Business Owner’s Policy (BOP) bundles general liability, commercial property, and business interruption insurance into one package at a discounted rate. This combination protects small businesses from customer injuries, property damage, and income loss from covered events.
Our team analyzed BOP packages, pricing, coverage limits, and financial ratings to identify the best providers. Here are the best Business Owners Policy insurance companies for 2026.
Quick Comparison
| Company | Best For | Starting Price | Rating |
|---|---|---|---|
| 1. The Hartford | Best Overall BOP Value | $99/mo | ★4.9/5 |
| 2. NEXT Insurance | Best Customer Service | $110/mo | ★4.8/5 |
| 3. Nationwide | Best Multi-Policy Discounts | $120/mo | ★4.7/5 |
| 4. Chubb | Best for High-Revenue Businesses | $150/mo | ★4.8/5 |
| 5. Liberty Mutual | Best Comprehensive Coverage | $125/mo | ★4.7/5 |
| 6. Travelers | Best Customization Options | $130/mo | ★4.8/5 |
| 7. State Farm | Best Local Agent Support | $115/mo | ★4.6/5 |
| 8. Hiscox | Best for Micro Businesses | $42/mo | ★4.6/5 |
| 9. Progressive Commercial | Best BOP + Auto Bundle | $120/mo | ★4.5/5 |
| 10. Allstate | Best Name Recognition | $125/mo | ★4.5/5 |
Our Top Picks in Detail
The Hartford
The Hartford leads BOP insurance with the best value and lowest rates at $99-$115 per month. Their comprehensive packages include property, liability, business interruption, and equipment breakdown with an A+ financial rating.
Pros
- ✓Best overall score (4.72/5) from MoneyGeek
- ✓Cheapest rates in 40 states
- ✓A+ AM Best rating
- ✓Equipment breakdown included
- ✓Business interruption coverage standard
Cons
- ✗Revenue limit of $3 million
- ✗Employee limit of 100
- ✗Some industries excluded
NEXT Insurance
NEXT Insurance excels at customer service with a fully digital BOP platform delivering instant quotes and certificates. Their streamlined process and responsive support serve small businesses needing fast, hassle-free coverage.
Pros
- ✓Top-rated customer service
- ✓Instant online quotes and coverage
- ✓Digital certificates available immediately
- ✓No agent required
- ✓Serves over 300,000 businesses
Cons
- ✗Lower revenue limit ($2M)
- ✗Fewer employees covered (50 max)
- ✗Limited customization options
Nationwide
Nationwide's multi-policy discounts and nationwide availability make them ideal for businesses bundling multiple coverages. Their comprehensive BOP packages include optional commercial crime coverage for added protection.
Pros
- ✓Serves over 500,000 businesses
- ✓Available in all 50 states
- ✓Substantial multi-policy discounts
- ✓A+ financial strength rating
- ✓Commercial crime coverage available
Cons
- ✗Higher base premiums
- ✗Best rates require bundling
- ✗Limited online self-service
Chubb
Chubb's dynamic BOP serves businesses generating up to $30 million in revenue—far higher than typical BOP limits. Their enhanced packages include data breach and earthquake coverage with industry-leading claims satisfaction.
Pros
- ✓Serves businesses up to $30M revenue
- ✓A++ financial strength rating
- ✓Data breach coverage included in select states
- ✓Earthquake coverage available
- ✓98% claims satisfaction rate
Cons
- ✗Premium pricing for premium service
- ✗Requires agent consultation
- ✗Higher minimum premiums
Liberty Mutual
Liberty Mutual delivers comprehensive BOP packages with extensive customization options including equipment breakdown and spoilage coverage. Their flexible approach serves businesses with unique coverage needs beyond standard policies.
Pros
- ✓Highly customizable BOP packages
- ✓Equipment breakdown standard
- ✓Spoilage coverage available
- ✓Multi-policy bundling options
- ✓Strong customer service
Cons
- ✗Complex pricing structure
- ✗Higher premiums for some industries
- ✗May require agent for setup
Travelers
Travelers builds highly customizable BOPs with specialized coverages tailored to your business risks. Their A++ rating and wide variety of optional coverages create comprehensive protection matching your unique needs.
Pros
- ✓Highly customizable BOP packages
- ✓A++ AM Best rating
- ✓Wide variety of optional coverages
- ✓Industry-specific enhancements
- ✓Excellent claims handling
Cons
- ✗Higher premiums for customization
- ✗Complex policy options
- ✗May require agent guidance
State Farm
State Farm's vast local agent network provides personalized BOP guidance and face-to-face service. Their A++ rating and multi-policy discounts serve businesses preferring traditional agent relationships.
Pros
- ✓Extensive local agent network
- ✓A++ financial strength rating
- ✓Available in all 50 states
- ✓Personalized policy recommendations
- ✓Multi-policy discounts
Cons
- ✗Must work through local agent
- ✗No fully online purchase option
- ✗Rates vary by agent and location
Hiscox
Hiscox offers the most affordable BOP for micro businesses and freelancers at just $42 per month. Their small business focus and simplified coverage serve sole proprietors and very small operations perfectly.
Pros
- ✓Most affordable BOP at $42/month
- ✓Designed for micro businesses
- ✓Small business specialists
- ✓A rating from AM Best
- ✓Fast online application
Cons
- ✗Low revenue limit ($1M)
- ✗Fewer employees covered (25 max)
- ✗Limited coverage enhancements
Progressive Commercial
Progressive Commercial excels when bundling BOP with their industry-leading commercial auto insurance. Businesses with vehicle fleets maximize savings by consolidating property, liability, and auto coverage.
Pros
- ✓Excellent bundling with commercial auto
- ✓A+ AM Best rating
- ✓Strong online quote system
- ✓Competitive bundled pricing
- ✓Nationwide availability
Cons
- ✗Better value with auto bundle
- ✗BOP not their primary focus
- ✗Limited standalone BOP options
Allstate
Allstate's trusted brand and nationwide presence deliver comprehensive BOP coverage with optional data compromise protection. Their local agent network and A+ rating provide peace of mind for risk-averse business owners.
Pros
- ✓Trusted national brand
- ✓A+ financial strength rating
- ✓Available in all 50 states
- ✓Data compromise coverage available
- ✓Local agent network
Cons
- ✗Higher premiums than some competitors
- ✗Requires agent interaction
- ✗Limited online capabilities
How We Evaluate Business Owners Policies
Our expert team uses rigorous criteria to evaluate Business Owners Policy insurance:
Coverage Components
We analyze what’s included in each BOP:
- General Liability: Covers customer injuries, property damage, advertising injury
- Commercial Property: Protects buildings, equipment, inventory, and furnishings
- Business Interruption: Replaces lost income if you must close temporarily
- Equipment Breakdown: Covers HVAC, computers, machinery failures
- Additional coverages: Crime, data breach, earthquake, spoilage
Eligibility Requirements
We compare who qualifies for BOPs:
- Revenue limits: From $1M (Hiscox) to $30M (Chubb)
- Employee limits: From 25 (Hiscox) to 500+ (Chubb)
- Industry restrictions: Some high-risk industries excluded
- Property requirements: Building occupancy and construction standards
Pricing and Value
We evaluate costs and value:
- Monthly premiums: From $42 (Hiscox) to $150+ (Chubb)
- Coverage per dollar: What’s included at each price point
- Bundling discounts: Savings when adding other policies
- Payment flexibility: Monthly, annual, pay-as-you-go options
Financial Strength
We prioritize stable insurers:
- AM Best ratings: From A- to A++
- Claims-paying history: Ability to honor policies long-term
- Market presence: Years in business and market share
Frequently Asked Questions
What is a Business Owner’s Policy (BOP)?
A Business Owner’s Policy bundles general liability insurance and commercial property insurance into one package at a discounted rate compared to purchasing them separately. Most BOPs also include business interruption coverage, providing income replacement if your business must close temporarily due to covered property damage. BOPs are designed for small to medium businesses with under $3 million in revenue and fewer than 100 employees.
How much does a BOP cost?
The average BOP costs $99-$130 per month for small businesses, though prices range from $42 (Hiscox for micro businesses) to $150+ (Chubb for high-revenue businesses). Costs depend on your industry, revenue, property value, location, claims history, and coverage limits. BOPs typically cost 15-30% less than purchasing general liability and property insurance separately.
What does a BOP not cover?
BOPs typically exclude professional liability (errors and omissions), workers compensation, commercial auto, cyber liability, flood insurance, and earthquake coverage (though Chubb includes earthquake in some states). They also don’t cover employee injuries (need workers comp), business vehicles (need commercial auto), or professional mistakes (need professional liability). These coverages must be purchased separately or added as endorsements.
Who qualifies for a Business Owner’s Policy?
Most small businesses qualify if they have under $3 million in annual revenue and fewer than 100 employees. Eligible businesses typically include retailers, restaurants, offices, contractors, and service businesses operating from commercial buildings. High-risk industries like bars, auto repair shops, manufacturers, and financial services may not qualify or may need specialized policies instead of standard BOPs.
Should I get a BOP or separate policies?
Get a BOP if you qualify—it bundles general liability and property insurance at a discount, simplifying management with one policy and one renewal date. Choose separate policies if you need specialized coverage, have high property values exceeding BOP limits, or don’t need both liability and property coverage. BOPs work best for main street businesses with straightforward needs.
Can I customize my BOP coverage?
Yes, most insurers allow you to add endorsements like equipment breakdown, spoilage coverage, cyber liability, hired/non-owned auto, employment practices liability, and crime coverage. You can also adjust coverage limits, deductibles, and choose replacement cost vs. actual cash value for property. Chubb and Travelers offer the most customization options.