Business Owner’s Policy (BOP)
A BOP bundles general liability insurance and commercial property insurance into one package, typically at a lower combined rate than buying both separately. For LLCs with physical locations, equipment, or inventory, the BOP is usually more cost-efficient than standalone general liability. A BOP also includes business income insurance, which replaces lost revenue if a covered event such as a fire or theft forces your LLC to suspend operations. For LLCs operating retail or commercial locations, see our breakdown of insurance for retail and commercial LLC businesses.