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BOP Insurance Cost
Depending on your industry, state and business size, business owners' policy (BOP) costs range from $41/mo to $2,436/mo.
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Updated: September 9, 2026
Advertising & Editorial Disclosure
Featured Partner
The Hartford
- The Hartford has the cheapest business owner's policy in MoneyGeek's 2026 study, at $196 a month, well below the $223 industry average, and ranks first overall with a score of 4.72 out of 5.
- General liability, commercial property and business income coverage bundle into one policy under The Hartford's BOP.
- In 40 states, The Hartford's business owner's policy is the cheapest option MoneyGeek analyzed.
- Bundling The Hartford's business owner's policy with workers' compensation may qualify for a discount of up to 10%.
On The Hartford's site
*MoneyGeek featured partner. Editorial rankings below are independent of this placement. Rates, rankings and savings comparisons are based on MoneyGeek's independent research and Hartford-reported data as of 2026. Figures are estimates and averages, not a guarantee of any individual quote, premium or discount.
How Much Does BOP Insurance Cost?
BOP insurance, combining general liability and commercial property insurance, costs an average of $223/mo or $2,675/yr, aggregated across 400+ industries and all states, for a typical 1- to 4-employee company. This is likely not the price you'll pay, however, and most small businesses fall between $40 and $140 per month for this bundle. The most important factors affecting where you fall on the premium spectrum are your profession, location and company size.
We researched quotes across 400+ industries and all 50 (+ DC) states, specific to a 1- to 4-person business, to determine our overall costs. All other estimates presented in this article are aggregated in a similar way, isolating the effects of industry, state, and employee count on costs while keeping other details constant. Coverage assumes a $1 million per occurrence and $2 million aggregate general liability policy and commercial property limits are personalized by each industry, business size and state combination for accuracy based on our methodology.
What Affects the Business Owners Policy (BOP) Insurance Costs?
Several factors affect your BOP insurance rates including:
- Industry Type: What your business does sets your baseline premium more than anything else. Software companies pay far less than roofing contractors or pressure washing services because the risk is lower.
- Geographic Location: Your state's legal climate and claims patterns matter. States with tort reform and less litigation have lower premiums. High-lawsuit areas cost more.
- Business Size: More employees, customer interactions and revenue mean more chances for claims. A solo consultant has minimal claim risk compared to a larger firm with multiple employees and high customer volume.
- Property Values: BOP bundles property coverage with general liability, so your physical assets affect your premium. Businesses with expensive specialized equipment pay much more than home-based operations with minimal property.
- Past Claims History: Your claims history affects BOP rates. Clean records get the best pricing. One liability claim can trigger rate increases that last for years. Multiple claims push premiums even higher.
- Coverage Limits: Higher liability and property limits cost more. The protection you buy directly affects what you pay.
How To Lower BOP Insurance Cost
Try these strategies to lower BOP insurance costs:
- 1Choose the Right BOP Insurance Coverage Limits
Don't over-insure or under-insure. BOP bundles general liability with commercial property coverage, so review both carefully. Work with an agent to set appropriate liability limits based on your actual risk and property coverage that matches your assets' replacement value. Excessive coverage or inflated equipment values waste money. Too little coverage leaves you exposed.
- 2Get Multiple BOP Insurance Quotes
Get at least three quotes to find affordable business insurance that fits your budget. Industries with substantial property values or heavy customer interaction see wide rate differences, so compare options.
- 3Raise Your BOP Deductible Strategically
A higher deductible lowers monthly premiums by reducing the insurer's exposure on liability and property claims. BOP deductibles usually apply to the property portion. Higher deductibles mean you'll handle smaller property losses yourself. Make sure you can afford potential claims for equipment damage, theft or business interruption.
- 4Bundle with Business Owners Policies With Other Plans
Most insurers give 5% to 15% discounts when you combine BOP with other coverage types like workers' comp, commercial auto or professional liability. On a $147 monthly BOP policy, bundling saves $7 to $22 monthly. Add more policies to save more.
- 5Reduce BOP Insurance Claims
Your claims history affects long-term costs more than anything else. If you've never filed a claim, you'll pay standard rates. File one claim and your BOP premiums jump 25% to 100% for several years. A single liability incident can push your $147 monthly premium to $185 to $295.
- 6Move To Locations With Lower BOP Insurance Risk
Location affects costs if you operate in multiple states. Moving from high-lawsuit states like New York to business-friendly states like North Carolina saves $43 monthly per location based on our research. Businesses with more than three locations save over $1,500 annually.
Average Cost of BOP Insurance: Bottom Line
Although BOP insurance costs an average of $223 per month, our research shows it can range from $41 to $2,436 per month, depending on your industry, location, and business size. When shopping for quotes, you don't have to accept the first one you get. Adjust coverage limits, raise deductibles and bundle policies to find cheaper premiums.
About Connor Bolton
Connor Bolton is Senior SEO and Content Manager at MoneyGeek, where he leads the business and pet insurance editorial teams. He sets the research framework, data standards and content structure for his team. All content goes through his accuracy review before publication. Connor also writes in-depth guides and has spent more than four years covering insurance products across personal, commercial and specialty lines.
The research infrastructure Connor built covers auto, home, renters, life, health, business and pet insurance across pricing analysis, carrier research, customer experience and coverage evaluation. It includes over 6 million data points for business insurance across 408 industry areas, all 50 states and 16 vehicle types. The pet insurance side covers over 5 million profiles across 18 major providers, 100+ breeds and ages up to 20 years. Connor’s insurance research and his team's work have been cited by the U.S. Chamber of Commerce, Allstate, Liberty Mutual, CBS News, Forbes and LegalZoom.
Connor also talks with underwriters and carrier liaisons at Ethos, The Hartford, ERGO NEXT, Nationwide and State Farm, and monitors business and pet owner communities on Reddit. Those sources shape how his team evaluates carriers, structures rate analysis and writes content for real pet owners.
Questions about MoneyGeek's business or pet insurance content? Reach him at connor@moneygeek.com or on LinkedIn.