What Is a Business Owners Policy (BOP)?

April 30, 2025

When it comes to owning a small business or starting out as an entrepreneur, there are a lot of components to consider and manage, from the business plan and finances, to staff, inventory, and beyond. Small-business owners often put a lot of their own time, money, and heart into their business’s success.

If you own or are considering starting a small business, one thing you shouldn’t have to worry about is whether your business has the right insurance coverage to help protect against certain risks. Your success is hard-earned – you deserve to know it’s protected.

This is where a business owners policy (BOP), like one from Farm Bureau Insurance of Tennessee, can come in.

What Is a BOP?

A business owners policy (BOP) offers a comprehensive package of protection for major property and liability risks. Farm Bureau Insurance of Tennessee offers tailored policies to suit your business needs; but in general, here’s what a BOP offers:

• Business property insurance can help cover your business property against damages due to fire, theft, or other natural disasters. That can include any buildings, equipment, inventory, furniture, and other physical assets you own as part of your business. For most businesses, loss of these assets can be financially devastating without insurance.

• Liability coverage can help protect your business against claims of bodily injury or property damage to third parties, as well as personal and advertising injury claims. This can help protect your business from the financial burden of lawsuits and legal claims.

• Business interruption insurance can provide compensation for lost income and operating expenses if your business has to close temporarily due to a covered event, such as a fire or severe weather. It can help keep your business (and you!) financially stable due to unforeseen closures or disruptions.

How To Know What Business Owners Policy Is Right for Your Business

At Farm Bureau Insurance of Tennessee, insuring small businesses is something we take a great deal of pride in. Business owners policies are an efficient, effective way to make sure your business has the coverage and protection it needs to give you peace of mind.

While the options above are included in our business owners policies, your business may have additional unique needs that you need coverage for. Don’t worry – you don’t need to navigate this all on your own. Our Farm Bureau Insurance of Tennessee agents are experts in our policies and can help you figure out what BOP is best based on your business’s operations, size, and needs.

Connect with a local agent today to discuss coverage options for your small business.