What is Business Owners Insurance?
This type of coverage, also called business owners insurance or a business owners policy (BOP), is a simplified approach to commercial insurance for small businesses. By combining general liability insurance and commercial property insurance, along with other coverages, you could benefit in several ways:
Your Coverage Is Broader
Managing Your Policy is a Breeze
You Could Save Money
What Does Business Owners Insurance Include?
General Liability Insurance Typically Covers:
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Property Damage. When customer property is damaged by an employee, your coverage may help pay for repairs or replacement.
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Bodily Injury. If someone other than an employee is injured on your property, this coverage can help with medical expenses plus legal expenses and damages.
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Product Liability. If products developed or sold by your business harm people or property, this coverage could help pay legal expenses associated with product liability lawsuits and medical expenses if an injury occurs.
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Libel, Slander, and Copyright. This coverage helps protect you against some lawsuit expenses from personal and advertising injury. Advertising injury can include disparaging another business in your advertisements, stealing an advertising idea, and more.
Property Insurance Typically Covers:
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Your Building or Leased Space. When customer property is damaged by an employee, your coverage may help pay for repairs or replacement.
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The Contents of Your Building. If someone other than an employee is injured on your property, this coverage can help with medical expenses plus legal expenses and damages.
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Income From Your Business. In the event of a disruption or property damage, you may be covered for the expenses needed to resume business, including covering net income, payroll costs, and even temporary business relocation.
Can I Customize My Policy?
Yes. Your business owners policy can be customized to address your commercial property, business personal property, or liability needs by adding an endorsement. An endorsement can either enhance or modify the coverage, depending on your requirements. Don’t know what you need? Our licensed experts are available to help you figure out which of these endorsements is right for you:
Industry Endorsements
Depending on the industry you’re in, there are specific needs that arise as part of conducting business. For example, a restaurant industry endorsement might cover food spoilage. A retail store endorsement might cover expenses from having to withdraw merchandise. A hotel or motel endorsement might increase coverage for outdoor fences and signs.
Risk-Specific Endorsements
Some businesses have inherent risks beyond what’s usually covered in a business owners insurance policy. There are dozens of risk-specific endorsements that can add an extra layer of protection when needed, like cyber coverage, garagekeepers’ legal liability, miscellaneous professional liability (E&O), and more.
Increased Coverage Limits
If you want even greater security and protection, standard coverage limits can often be increased.
Small Business Insurance Experts
biBerk has over 500,000 satisfied customers and focuses exclusively on small businesses. Why is biBerk the business insurance company so many organizations rely on? There are many reasons.
Save time.
Get a quote entirely online or speak with one of our insurance experts right away for help getting a quote, buying a policy, or answering any questions you may have.
Save money.
We insure your small business directly, without a middleman or insurance broker, so we pass that savings on to you—up to 20% less than policies with other insurance companies.
Experienced.
We're part of the Berkshire Hathaway Insurance Group with millions of satisfied customers, more than 75 years of insurance experience, and $62 billion in paid claims in 2025.
How Much Does Business Owners Insurance Cost?
Our policies start at about $500, and most people pay less than $2,000.
How Can I Reduce Costs?
Business Owners insurance is very affordable. Even so, there are steps you can take to lower your insurance costs, including:
Choose biBerk
By working with a direct supplier of business owners insurance, you’re avoiding broker fees and other charges. Plus, our experts can help review your policies annually to ensure you have the right amount and type of coverage.
Actively Manage Risks
Prevent slips and falls (the most common general liability claim) by instructing your employees to maintain a clean environment. You can also manage risks by ensuring your employees are up to date on any necessary training—like how to properly operate machinery, for example.