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Business owner's policy
Property, liability, and lost income bundled into one policy. The usual starting point for a small business.
Start the business owner's policy application →- What it covers
- Your building, or the improvements you made to a leased space
- Equipment, inventory, furniture, and computers
- Someone injured on your premises, and the legal defense that follows
- Lost income and continuing payroll while a covered loss shuts you down
- What it doesn't cover
- Employee injuries — that's workers' compensation
- Vehicles — that's commercial auto
- Data breaches and ransomware — that's cyber
- Flood, and in most cases earthquake
- Typical limits
- Commonly $1M per occurrence and $2M aggregate on the liability side, with property limits set to what it would cost to replace what you own today.
- Worth knowing
- Most commercial leases and SBA loans require this before you sign or close, and the landlord usually wants to be named as an additional insured.
Common questions about business owner's policy
What does business owner's policy cover?
Your building, or the improvements you made to a leased space. Equipment, inventory, furniture, and computers. Someone injured on your premises, and the legal defense that follows. Lost income and continuing payroll while a covered loss shuts you down.
What does business owner's policy not cover?
Employee injuries — that's workers' compensation. Vehicles — that's commercial auto. Data breaches and ransomware — that's cyber. Flood, and in most cases earthquake.
What limits are typical?
Commonly $1M per occurrence and $2M aggregate on the liability side, with property limits set to what it would cost to replace what you own today.
What should I watch out for?
Most commercial leases and SBA loans require this before you sign or close, and the landlord usually wants to be named as an additional insured.