A BOP is a package policy, containing the elements necessary to protect your small business from the three core risks it faces:
Property Insurance—Protection for your building or office space, as well as property owned by your business
Liability Insurance—Coverage for costs that arise if someone is injured at your business or by using your products or services.
Business Interruption Insurance—replaces lost revenues in the event that your business has to shut down due to a covered loss.
This policy is specifically designed for small and medium-sized businesses. Normally, companies with less than 100 employees and revenues less than $5 million are candidates. Also, business type can influence eligibility. Some businesses, such as restaurants, may be ineligible because of the specific risks inherent in them.