What’s the Difference between a BOP & a Commercial Insurance Package?
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What Are the Differences between a Commercial Package Policy and a BOP?

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What's the Difference Between a BOP & a Commercial Insurance Package in San Diego, CA


All businesses have certain insurance needs that have to be met to minimize liabilities and provide important financial protection. When it comes to insurance options for businesses, many providers offer convenient packages that make it easy to obtain what’s needed. Today, we’re discussing two common options with business insurance packages: BOP and commercial insurance.

Business Owners Policy (BOP) Package

A business owners insurance policy, also referred to as a BOP package, is a bundled policy that tends to work well for smaller or mid-sized businesses. A standard BOP package comes with an assortment of essential and beneficial types of coverage, a list that typically includes:

• General liability
• Property damage
• Business interruption

A BOP package focuses on the main types of coverage any business typically needs. Business owners policies were put together primarily with smaller business insurance needs in mind. For this reason, many providers have limitations on just how big a business can be to obtain a BOP package. These packages tend to be more beneficial for smaller or mid-sized businesses without the more significant risks associated with larger operations or certain industries. Businesses that tend to benefit most from BOP packages include:

• Office buildings
• Small or medium-sized business operations
• Smaller local contractors
• Retail businesses

Commercial Insurance Package

Some business owners prefer the option to get some extra coverage without everything that comes with a traditional business owners policy package. If this applies to you and your business, you may prefer a commercial package policy, or CPP. Typically, a commercial insurance package includes the options discussed above plus an assortment of optional coverage that includes protection for:

• Data breaches
• Equipment breakdowns
• Business-related crimes

A commercial insurance package is generally worth considering for any business that prefers more flexibility with coverage options. It’s more coverage than what’s typically needed for smaller businesses but doesn’t have all the bells and whistles that may not be necessary.

The Main Differences

A business owners policy package comes with standard coverage options that cannot be changed or removed. There are also some limits on what can be added. A commercial insurance package has pretty much unlimited options with what can be added, although there are some exceptions. BOPs are designed with smaller businesses with fewer risks. CPPs are intended for businesses with more risks and liabilities.

Making Your Business Insurance Decisions

The deciding factor with BOPs and commercial packages for many businesses is what’s actually needed based on the size and nature of operations. For example, if you have a smaller business but there are more risks involved with what you do, you may prefer a commercial package so you can gain some additional coverage. Ultimately, you want coverage for your business that gives you your money’s worth by providing the level of protection you need. This is a goal often achievable when you take the time to:

• Ask questions relevant to your business during your initial meeting with an insurance provider
• Explore all your available insurance options
• Define your insurance-related needs

Business owners need to make sure they protect their companies and employees by purchasing the right insurance coverage. For affordable, reliable commercial insurance as well as homeowners, renters, motorcycle, and car insurance National City residents call on the trustworthy professionals at Altra Insurance Services. Reach out to us today at (800) 719-9972 to learn how we can satisfy all your insurance needs.

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