Business Owner's Policy (BOP)
A bundled insurance policy that combines general liability and commercial property coverage into a single, cost-effective package. BOPs are designed for small to mid-sized businesses and usually cost less than buying each coverage separately. Many insurers allow you to add endorsements to customize the BOP.
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Disclaimer: This glossary entry is for informational purposes only and does not constitute financial or insurance advice. Consult with a licensed insurance professional for personalized guidance. GuardianChoices may earn affiliate commissions from links on this site — see our advertiser disclosure.
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