Business Owners Policy Insurance (BOP)

Business Owners Policy Insurance (BOP)

Protect Your Business with a Business Owners Policy. Serving Pennsylvania & Maryland.

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Get More with Our BOP Insurance

While many insurance companies offer a standard package policy including property and liability coverage for owners of small- to medium-sized businesses, Mutual Benefit raises the standard. We automatically add our Business Accent coverage to your businessowners package at no additional charge.

  • Accounts Receivable – Provides $10,000 coverage for Accounts Receivable, which pays for the cost of reconstructing your accounts receivable records if they are damaged or destroyed, and can even cover payments that cannot be collected if you can’t reconstruct your records.
  • Equipment Breakdown Coverage – Made available through the Hartford Steam Boiler Inspection and Insurance Company, this covers such things as damage to your computer hard drive due to power surges.
  • Business Income – Reimburses you if your earnings are interrupted should your business need to be shut down for a time to recover from a loss, such as a fire or a windstorm.
  • Seasonal Increase – Boosts your limit of insurance for seasonal variations in the amount of business personal property/inventory you keep on hand.

Add These Additional Coverages to Your Business Owners Policy Insurance

We’ve also designed optional, customized “Max” programs that address the specific needs of your business:

Business Max

Business Max

For a nominal fee, adds things like computer coverage and higher limits of coverage for many losses. For example, coverage for Accounts Receivable goes up to $25,000.

Review additional details about our Business Max coverage
Bed and Breakfast Max

Bed and Breakfast Max

When your home is also your business, you have special insurance needs. Our Bed and Breakfast Max is a unique program that is available with your businessowners policy. It combines the protection of the businessowners policy with bed-and-breakfast-specific coverages, including coverage of theft of items in your establishment and coverage for the property of your guests. It also provides personal liability and property coverages that are regularly found in homeowner policies.

Learn more about our Bed and Breakfast Program
Wholesaler Max

Wholesaler Max

Provides wholesale-specific coverage for things like sprinkler leakage, extended coverage to vendors you rely on to sell your products, branded or labeled merchandise that sustains a covered loss and is salvageable for sale if you stamp it or remove labels to comply with state requirements and higher limits of coverage — all at minimal cost.

View more information about our Wholesaler Max coverage
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Mutual Benefit also offers coverage for:

Commercial Auto

Protects your business vehicles and drivers with coverage for accidents, property damage and bodily injury. Whether you own a single delivery van or a fleet of trucks, commercial auto insurance makes sure your business stays on the road with minimal financial risk.

Workers' Compensation

Provides coverage for workplace injuries or illnesses. This helps employees receive medical care and lost wage benefits. It also protects your business from legal liabilities while supporting your team’s recovery and well-being.

Commercial Umbrella

Offers additional liability protection beyond the limits of your standard policies. This is important for businesses that need to safeguard against large claims or law.

Pennsylvania Business Owners Policy Insurance

Pennsylvania’s diverse economy presents unique risks for business owners. When choosing a BOP in PA, it’s crucial to understand the local challenges your business may face:

  • Weather-Related Events 
  • Older Property Ages 
  • State Regulations: Pennsylvania requires specific liability limits for businesses operating in certain industries. A tailored BOP is very important for meeting these legal requirements. 

 

Industries That May Be Affected the Most: 

  • Retail Shops: Protect inventory and storefronts from theft or damage. 
  • Professional Offices: Safeguard client data and equipment. 
  • Manufacturing: Cover machinery and liability risks specific to production.  

Maryland Business Owners Policy Insurance

Maryland’s proximity to coastal areas and its mix of urban and rural business environments introduce its own unique challenges. A BOP in MD is designed to address these state-specific needs: 

  • Coastal Storms 
  • Theft and Vandalism 
  • State Regulations: Maryland businesses are subject to strict requirements for liability coverage, particularly in industries like hospitality and construction. A BOP is an efficient way to remain compliant. 

  

Industries That May Benefit Most: 

  • Hospitality: Cover guest injuries and property damage at restaurants and hotels. 
  • Healthcare Practices: Protect valuable medical equipment and reduce liability exposure. 
  • Contracting and Construction: Ensure tools, equipment, and liability risks are covered on job sites. 
Want a Quote?

Want a Quote?

Let us help you find a nearby agent who can introduce you to a variety of companies offering affordable business insurance in PA & MD, including Mutual Benefit Group.

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Common Questions about BOP Insurance 

What Is Business Owner’s Policy Insurance?

A Business Owner’s Policy (BOP) combines property and liability insurance into one package. It is designed to protect small and medium-sized businesses from common risks.

What Does a Business Owner’s Policy Cover?

A BOP typically covers property damage, liability risks and business interruption costs. We also offer additional coverages for a comprehensive policy.

Who Needs a Business Owners Policy Insurance?

Small to medium-sized businesses, especially those with physical locations, employees, or inventory.

How Much Does BOP Insurance Cost?

The cost depends on factors like business size, location, industry and coverage needs. It is typically more affordable than purchasing separate policies.

What Is the Difference Between a BOP versus General Liability Insurance?

A BOP includes property coverage and business interruption insurance, while general liability only protects against third-party claims for injuries or damages.

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