A business owners policy (BOP) bundles property and liability coverage into one affordable package for Michigan small businesses, saving you time and money.
Protects your building, equipment, inventory, and furniture from fire, theft, vandalism, and weather damage at your business location.
Covers third-party bodily injury, property damage, and advertising injury claims that arise from your business operations.
Replaces lost income and covers ongoing expenses like rent and payroll when a covered event forces your business to temporarily close.
Optional add-ons like data breach coverage, equipment breakdown, hired and non-owned auto, and accounts receivable protection.
A business owners policy (BOP) is a bundled insurance package that combines commercial property insurance, general liability coverage, and business interruption insurance into a single, cost-effective policy. BOPs are designed for small to mid-sized businesses and typically cost less than purchasing each coverage separately.
Most small to mid-sized Michigan businesses qualify for a BOP, including retail stores, offices, restaurants, and service providers. Eligibility depends on factors like annual revenue, number of employees, and square footage. Businesses with fewer than 100 employees and under $5 million in annual revenue generally qualify.
BOP costs in Michigan vary based on your industry, location, coverage limits, and claims history. Most small businesses pay between $500 and $3,000 per year. A Grand Rapids retail shop will have different rates than a Lansing consulting firm. Working with an independent agent like Insurit Agency helps you compare quotes from multiple carriers to find the best rate.
A BOP does not cover professional liability (errors and omissions), workers compensation, commercial auto, health insurance, or flood damage. Michigan businesses in flood-prone areas should consider separate flood insurance. You can add endorsements for data breach, hired auto, and equipment breakdown to customize your BOP.
General liability insurance only covers third-party claims for bodily injury, property damage, and advertising injury. A business owners policy includes general liability plus commercial property coverage and business interruption insurance. For Michigan businesses that own or lease space, a BOP provides broader protection at a lower cost than buying each policy individually.
Compare business owners policy quotes from top Michigan carriers and find the coverage your business needs at a price that works.
We understand the unique needs of Michigan small businesses and help you find the right BOP coverage for your industry and risk level.
We compare quotes from top-rated carriers to find you the best BOP rates without sacrificing coverage quality or service.
As a Grand Rapids-based agency, we provide personalized service and understand the needs of West Michigan businesses.
Contact us today to get started. Let's make insurance simple, together.
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