Florida Business Owners Policy (BOP) — One Policy, Two Coverages, Big Savings
A Business Owners Policy bundles general liability and commercial property into a single discounted package built for small and mid-size Florida businesses. Retail shops, restaurants, professional offices, contractors with locations, light manufacturers, salons — if your business has revenue under $5M or so and a physical operation, a BOP is usually 15–25% cheaper than buying the two policies separately.
- GL + property + business income in one policy
- 15–25% cheaper than separate policies
- Hurricane and named-storm coverage included
- Inland marine and equipment breakdown add-ons
BOP Quote in 60 Seconds
15–25%
Avg discount vs separate
$1M/$2M
Standard GL limits
25+
Florida BOP carriers
Same day
Certificates
What goes into a Florida BOP
A BOP is a packaged policy with three core sections plus optional endorsements. It is designed for businesses that fit a defined risk profile — usually $5M or less in revenue, a manageable square footage, and an industry the carrier is comfortable bundling. Larger businesses, complex operations, and high-hazard industries usually need a stand-alone commercial package policy instead.
Property Coverage
Building (if you own), business personal property (inventory, equipment, furniture, computers), and tenant improvements. Florida BOP property includes hurricane wind subject to the wind deductible, fire, theft, vandalism, and water damage. Replacement cost is the default on most BOPs.
General Liability
Third-party bodily injury, property damage, advertising injury, and the legal defense that comes with it. Standard limits are $1M per occurrence / $2M aggregate. Same coverage as a stand-alone GL — just bundled with property at a discount.
Business Income / Extra Expense
When a covered loss forces you to shut down or relocate, BOP business income coverage replaces lost net income and pays ongoing expenses (rent, payroll, utilities) until you reopen. Typically 12 months of coverage with most Florida carriers — critical for hurricane displacement.
Coverage details that matter
Equipment Breakdown
Mechanical and electrical breakdown of equipment — HVAC, refrigeration, computers, ovens, point-of-sale. Standard property excludes breakdown unless you add this endorsement. For restaurants and food businesses, it is mandatory.
Cyber Liability (built-in)
Many BOP carriers now include $50K–$250K of first-party cyber as a built-in endorsement: ransomware response, data restoration, customer notification. For businesses with serious data exposure we layer a stand-alone cyber policy on top.
Hired & Non-Owned Auto
When you or an employee runs an errand in a personal vehicle for business purposes (bank run, supply pickup, client meeting), HNOA covers liability above the personal auto policy. Critical for businesses without owned vehicles.
When a BOP fits — and when it does not
BOPs are designed for “main street” businesses: retail, restaurants, offices, salons, light manufacturers, professional services. They are not designed for high-hazard contractors, large manufacturers, businesses over $5M revenue, or operations with unusual exposure. If you fall outside the BOP eligibility window, we build a Commercial Package Policy (CPP) instead — same coverage logic, more flexibility, slightly higher premium.
- BOP fits: retail, restaurants, offices, light manufacturing, salons, fitness
- Not BOP: roofing, demolition, large GCs, manufacturing over $5M, transportation
- Borderline: real estate, property management, healthcare practices
- Outside BOP → Commercial Package Policy (CPP) instead
Florida hurricane and named-storm coverage in a BOP
Every Florida BOP includes hurricane wind as part of standard property coverage — but subject to a separate hurricane deductible, usually 3% or 5% of building plus business personal property limit. For a business with $500K of combined property limits, that’s a $15K–$25K out-of-pocket deductible per hurricane. We model the cash-flow impact and add a hurricane deductible buy-back when it makes sense.
- Hurricane wind included subject to deductible (typically 3–5%)
- Flood is NOT included — separate commercial flood policy needed
- Business income for hurricane closure typically 12 months
- Hurricane deductible buy-down available on many carriers
Frequently asked questions
What is the difference between a BOP and a Commercial Package Policy?
A BOP is a pre-packaged set of GL + property + business income built for small main-street businesses. A Commercial Package Policy (CPP) is a customized policy that pairs the same coverages with more options and a wider eligibility window. BOPs are cheaper when you qualify; CPPs are necessary when you do not.
How much does a Florida BOP cost?
Most Florida small businesses pay between $700 and $2,500 a year for a basic BOP. Costs scale with revenue, square footage, building value, hurricane zone, prior claims, and industry. A retail shop in a non-coastal area might pay $700; a beachside restaurant might pay $5,000+.
Is a BOP enough on its own?
For most small businesses, a BOP plus workers comp (if you have employees) plus commercial auto (if you have vehicles) covers the foundational exposure. We layer in cyber, EPLI, professional liability, and a commercial umbrella based on your specific exposures.
Does my BOP cover flood?
No. Like home insurance, BOPs exclude flood. If your business is in a flood zone or has any storm-surge exposure, we add a separate commercial flood policy through the NFIP or the private flood market.
What if my building floods and I cannot operate?
Flood damage to the building itself requires a commercial flood policy. Business income loss from the flood requires a flood business income endorsement — separate from the BOP’s standard business income coverage. We make sure both pieces are in place for any flood-exposed location.
Will my BOP cover my employees’ injuries?
No — employee injuries are covered by workers compensation, which is a separate required policy in Florida (mandatory at 4+ employees / 1+ in construction). We almost always quote BOP and workers comp together.
Can I get a BOP if I work from home?
Yes. We write many Florida home-based BOPs for consultants, online retailers, e-commerce operators, and service businesses. Home BOPs cover business property at the home, liability for client visits, and business income — none of which a homeowners policy will pay for.
Do you write BOP for restaurants and bars?
Yes. Restaurants and bars are one of our most-written BOP categories. We have specific carriers that focus on restaurant risk and offer liquor liability, equipment breakdown, food contamination, and spoilage coverage as endorsements.
One BOP, every coverage your small business needs
Tell us your industry, revenue, and location. We will shop 25+ Florida BOP markets and email you a detailed comparison — most quotes back same day.