If you’re a business owner, and you own any property at all (whether it be a laptop, small desk furniture or a warehouse of goods), you may want to consider purchasing a business owners insurance policy (BOP) instead of general liability insurance only.
BOPs were designed for small to medium-sized businesses (from restaurants to auto shops, start-up tech firms to chiropractor’s offices), bundling all the basic property and liability coverages into one convenient policy.
What does it cover?
Business personal property (BPP), which offers protection for the property your business owns, leases or rents, including things like furniture, fixtures, inventory, equipment, etc.
Business income, which helps replace loss of income (usually up to 12 months) so that you can still meet your financial obligations should a covered loss ever occur, causing your operations to be temporarily suspended.
General liability, which will come in handy in the event that you’re ever sued.
Most include, or give the option of equipment breakdown, fine arts, hired/non-owned auto, employee dishonesty, and more.
Most BOPs do NOT cover professional liability, so you'd need to get that policy separately.