Business Owners Insurance
Business Owners insurance (also known as a Business Owners Policy or BOP) protects small businesses from a variety of risks. We can customize your Business Owners insurance to match your business, and we can provide coverage for situations such as property damage and income loss. Now you can get Business Owners Insurance through the Progressive Commercial AdvantageSM program.
You'll receive a Package Discount up to 15 percent on your commercial auto insurance premium if you have both a Business Auto Policy with Progressive and an active Business Owners Policy.
Who Needs Business Owners Insurance?
As a business owner, you need to determine the types of coverage that best protect your business. Businesses eligible for a Business Owners Policy include:
- Trade Contractors
- General and Medical offices
- Retail businesses
- Wholesale and Service businesses
|
- Restaurants
- Auto Repair Shops
- Light Manufacturing
- Apartment Owners and Condominium Associations
|
Contractors are generally required to carry business liability insurance, which can protect the interests of a property owner or the site general contractor. Learn more about Business Owners Insurance for Contractors and the specialized coverage options available.
Business Owners Insurance Basics
A Business Owners Policy offers three main types of coverage:
- Liability Coverage - Provides protection if you cause bodily injury, property damage, personal injury or advertising injury.
- Buildings and Business Personal Property Coverage - Provides replacement cost coverage for buildings and most business owners' personal property.
Note: Property coverage is optional for contractors.
- Loss of Income and Extra Expense -
When your insured property is damaged, you are protected for loss of business income. We insure your net income and continuing normal operations expenses, including payroll, for up to 12 months - with no preset amount.
Optional Business Owners Policy Coverages
In addition to basic Business Owners Policy coverage, you can purchase additional coverages to provide more comprehensive business insurance coverage for your business.
- Employee Practices Liability insurance
- Identity Theft insurance
- Electronic data and equipment coverage
- Personal property of others coverage
- Valuable papers and records coverage
- And more...
Coverage for tools, equipment and building supplies is also available for contractors. This type of business owners insurance coverage is available for owned, leased, rented or borrowed equipment, and your tools can be covered at replacement cost.
Business Liability Insurance Availability
Call us at 1-888-814-0867 today to learn more about a Business Owners Policy and to get a free quote. Business liability insurance may not be available in all states and situations.
Disclaimer
Business Owners Policies purchased through the Progressive Commercial Advantage program are underwritten by a leading Business Owners insurance carrier. The carrier is a valued business associate that is not affiliated with Progressive, and is solely responsible for claims under insurance policies it issues. Certain Progressive companies may be compensated as licensed agencies for performing services on behalf of the Business Owners insurance carrier.
Progressive assumes no responsibility for the content or operation of the carrier's websites. Information provided by you to the carrier is subject to its website's terms of use and privacy policy.