What's the difference between a Business Owners Policy (BOP) and Package Policy?
Both policies can provide similar coverages, but for businesses of different sizes. The BOP policy was designed for a simple purchasing process for small to mid-size businesses. It provides basic general liability and property coverage can be customized with other coverages to meet the needs of specific businesses. A package policy, on the other hand, is designed for larger or more complex businesses and requires that most coverages be individually selected based on the needs of the business.