Coverage
Business Owner’s Policy Insurance
A business owner’s policy puts property, general liability, and business income in one contract. On the coast it also carries a wind deductible, and flood is excluded the same way it is on a house.
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What a business owner’s policy covers
Building and contents
The building if you own it, plus furniture, equipment, and inventory, written at replacement cost. Property has to sit at the premises or within 100 feet of it.
General liability
Injury and property damage claims from customers, vendors, and people passing through. Standard limits run a million per occurrence with a two million aggregate, worth checking against your contracts.
Business income
Included automatically, with no dollar limit to guess at. The policy pays the income you lose for up to twelve months while you rebuild.
Wind and named storm
Commercial property on the coast carries percentage deductibles the same way a house does. We put yours in dollars before you sign.
Flood
Excluded from every business owner’s policy, the same way it is excluded from a homeowners policy. A ground-floor storefront near the water needs it priced separately.
Seasonal inventory
The form raises your business personal property limit by 25% for seasonal stock, as long as the base limit reflects an average month. On a summer coast that provision does real work.
The twelve-month limit
Business income stops at twelve months, and after a hurricane the contractors are booked. An endorsement can extend it to eighteen, and that conversation belongs before the season.
What sits outside it
Workers’ compensation, commercial auto, and professional liability sit outside a business owner’s policy. We tell you which ones your operation still needs.
Who it’s for
Who needs a business owner’s policy
Storefronts and offices
Retail, professional offices, and service businesses working out of a leased or owned space on the coast.
Restaurants and seasonal operations
Revenue concentrates into a few months, which changes what the income side of the policy has to carry.
Contractors and trades
Tools, a shop, and liability that follows you to a job site. Some trades fall outside BOP eligibility and need a package policy instead.
Owners we already insure at home
Clients we already insure at home, where the commercial side has never been reviewed against the personal one.
Our process
How we quote a business owner’s policy
Tell us about the operation
The address, the square footage, what you do, and roughly what you bill in a year. Eligibility turns on those four things.
We check eligibility first
Not every operation fits a business owner’s policy. Some classes and some sizes need a commercial package instead, and it is better to find that out now than at renewal.
We price the storm terms
We settle the wind deductible, the flood gap, and the twelve-month income limit before you buy.
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Common questions
Business owner’s policy questions we hear
Three coverages in one contract. Property for the building and its contents, general liability for injury and property damage claims from customers and vendors, and business income for the revenue you lose while you are closed. The form packages them for smaller operations rather than scheduling each one separately.
Eligibility turns on what the business does, how much square footage it occupies, and roughly what it bills in a year. Carriers publish their own class lists and size caps, so two carriers can disagree about the same business. Restaurants, contractors, and anything with a manufacturing element are the ones most often moved to a commercial package instead. We check before quoting rather than after.
No. Flood is excluded from every business owner’s policy, the same way it is excluded from a homeowners policy. Commercial flood is written separately, through the federal program or the private market. On a ground-floor storefront near the water it is the gap worth pricing first.
Twelve months from the date of loss on a standard business owner’s policy, and it pays the income you lose within that window rather than a limit you set in advance. The twelve months is the part worth watching here. After a hurricane, contractors book out and a rebuild can run past a year. An endorsement extends it to eighteen months.
Yes, and separately. Workers’ compensation is never part of a business owner’s policy. North Carolina requires it once you regularly employ three or more people, and corporate officers count toward that three even when they exclude themselves from the coverage. A corporation with two officers and one employee needs a policy.
A business owner’s policy comes pre-packaged. The coverages are bundled at set terms, which suits operations that fit the mold. A commercial package policy is assembled piece by piece, so limits, forms, and endorsements are set independently. Businesses move to a package when they outgrow BOP eligibility, need coverages the form does not offer, or want limits it will not write.
Get started
Quote my business policy
Tell us what the business does and where it operates, and a licensed agent will follow up the same business day.