Defend your small business with a Business Owners Policy (BOP)
A Business Owners Policy (BOP) provides two essential coverages: liability and property insurance. This insurance package may help protect you against the unexpected risks of doing business.
Do you need a business owners policy?
Bodily injury or property damage claims may be costly to your small business, as well as ones arising from a fire or weather event. You’ll want to determine if you could afford to pay these costs out of pocket. Your State Farm® agent can help you put together a plan to withstand these financial challenges.
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Animal & veterinary care
Our business insurance for animal and veterinary care helps protect your business from financial losses due to things like accidents, injuries or property damage. Animals can be unpredictable and it’s important to be prepared for the unexpected. It’s why State Farm offers coverage you can tailor to fit the needs of your unique line of work.
Animal care & veterinary insuranceAuto service shop
State Farm Small Business Insurance offers a wide variety of coverages to help protect a range of auto services businesses, such as an auto glass shop, a car wash, oil change shop or other auto service operation.
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Whether you're an architect, attorney or business consultant, a State Farm agent can help you find the office insurance to help meet your needs.
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Between groundbreaking and grand opening, there’s a lot that could go wrong. If you have a financial interest in a building project, you may want to consider coverages to help protect your building site.
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This policy type can help protect a diverse group of small businesses, ranging from fitness studios and art galleries to photographers, dance schools, and locksmiths, and many others.
Explore business owners insuranceCondominium & homeowners association
Insurance for business condominiums and residential associations helps cover both tangible assets (like buildings and common areas) and intangible issues (such as legal claims against board members) related to your property and association.
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No matter what kind of commercial or residential property you own, including office buildings, retail or apartments, it comes with certain risks. Your State Farm agent can help you structure a business insurance for commercial landlord policy that helps protect your business and its assets.
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State Farm can help you build an insurance policy with different coverage options that help protect your florist business and allow you to focus on making it grow.
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We can help you build an insurance policy with different coverages that protect your food-service business and allow you to focus on making it grow.
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When working in a salon, anything from a chemical burn resulting from a dye job gone wrong to a slip-and-fall incident may put your business at risk. Your State Farm agent can help you structure coverages to help meet your salon’s requirements.
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State Farm offers business insurance for your printing, copying and mail services operations with coverages that help protect your property and equipment, allowing you to best serve your customers’ needs.
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As the owner of a retail business, you should consider a variety of different coverages to help protect your customers, employees and property. Your State Farm agent can help you determine which ones will help meet your needs.
Explore retail store insuranceReligious organizations
The insurance needs of churches and religious organizations aren’t that different from other small businesses. Your State Farm agent can help you find the coverages you want for your organization.
Explore religious organization insuranceHow much does a BOP cost?
A business owners policy from State Farm is priced based on the type of business you own, the value of your property, you as the owner and other factors.
Work with your local agentTips for buying a BOP
A business owners policy is designed to help protect you against a range of risks. Here are some considerations:
- Assess your risks. Think about what kind of accidents, natural disasters or lawsuits could damage your business. Determine what business property you own (inventory, equipment or buildings) that could be at risk.
- Work with an agent. State Farm agents are business owners, too. They understand the needs of small business owners.
- Re-evaluate every year. As your business grows, so do your potential risks. Check in with your local agent to make sure you have the proper coverage.
What does a BOP cover?
The coverages typically included in a BOP are:
Liability
This protects you against costly claims and lawsuits resulting from a customer being injured while at your business, and if you damage other people’s property
Property
If buildings and other structures you own are damaged or destroyed, you may be covered. It also helps protect your office equipment, business equipment and inventory from a covered loss
Loss of income
In the event your business is shut down (for up to 12 months), this coverage helps protect your income and provides help for ordinary payroll expenses
Equipment breakdown
When your covered equipment breaks down or is damaged by covered claims, this coverage may help you get things back up and running
Professional liability
If you’re sued because of the services you provide to your customers, having this coverage may help. For specific occupations, this coverage can be added for protection against costly claims and lawsuits
Frequently asked questions about business owners policy insurance
A BOP provides both property and liability coverage whereas general liability insurance only provides liability coverage.
Some of the information needed could include coverage amounts, deductibles, information on protective devices (alarms, sprinkler systems), and a description of the business activities.
Additional coverage options
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Prices are based on rating plans that may vary by state. Coverage options are selected by the customer, and availability and eligibility may vary.
This is only a general description of coverages of the available types of business insurance and is not a statement of contract. Details of coverage, limits, or services may not be available for all business and vary in some states. All coverages are subject to the terms, provisions, exclusions, and conditions in the policy itself and in any endorsements. Contact a State Farm agent for more information and a customized quote.
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Life Insurance and annuities are issued by State Farm Life Insurance Company. (Not Licensed in MA, NY, and WI) State Farm Life and Accident Assurance Company (Licensed in New York and Wisconsin) Home Office, Bloomington, Illinois.
State Farm Mutual Automobile Insurance Company
State Farm Indemnity Company
State Farm Fire and Casualty Company
State Farm General Insurance Company
State Farm Life Insurance Company (Not licensed in MA, NY or WI)
State Farm Life and Accident Assurance Company (Licensed in NY and WI)
Bloomington, IL
State Farm Fire and Casualty Company
Orlando, FL
State Farm County Mutual Insurance Company of Texas
State Farm Lloyds
Richardson, TX