what is covered in a bop?

A BOP typically covers three major items: 

• Property damage. Similar to a homeowners insurance policy, this covers damage to your building (owned or leased), equipment, furnishings, fixtures, displays and inventory. 

• Business interruption. If a covered loss strikes your store or warehouse, forcing you to stop operating for a period of time, your revenue stream is protected from lost business income. You can also choose optional protection that covers you in case a major supplier is affected. 

• Liability insurance for your business. Covers damages paid in judgments or settlements, and legal defense costs, if you are sued or held liable for accidental bodily injury or property damage arising from a covered cause of loss.