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What Does BOP Mean in Insurance Terms?

Help from Your Contractor Insurance Texas Team at The Nowell Agency

Purchasing insurance can get confusing quickly. While researching, you may hear a variety of terms being used with little explanation. How do you make a responsible decision for your company’s needs when you cannot compare apples to apples? BOP is one of those terms that many hear, but few understand. It is an acronym for a business owner’s policy, and it may be one of the most critical pieces in your contractor insurance Texas program.

Talk with a knowledgeable broker at The Nowell Agency to get a better understanding of the different types of coverages available. Our team sits with you to review what you have in place now, any gaps you may have, and answer your questions. We even explain all the terms so you can make the best decision when we present you with your customized plan.

Understanding BOP and How It Can Help Your Texas Company

You know that to do your job well, you need proper tools. Think of a business owner’s policy (BOP) as another tool to safeguard you and your contracting enterprise. Here is a breakdown:

  1. It is a packaged deal. You know you should have general liability. However, a standard liability policy may not cover your property. With a BOP, you can get general and property liability for a better rate than purchasing separately, and it can cover more of your assets.
  2. Some insurers offer three or four options within the package. You may be able to get business interruption and crime insurance as part of the coverage. This can save you even more money by having them rolled into one.
  3. Additional BOP coverages may be available. You may want to add protection for times when your equipment breaks down. Sometimes you can get additional coverage for rented vehicles and employment practices liability.
  4. It does not include everything. A BOP has essential components, but it is not a one-size-fits-all plan. You will still want other policies such as worker’s compensation, commercial auto, or additional specialized coverage.

To know if a BOP is right for your contracting business, reach out to the experienced brokers at The Nowell Agency. We can discuss all of your options, including specialized contractor insurance in Texas.

Get Better Service and Rates when You Talk to The Nowell Agency

Save money and time while protecting your company when you understand some insurance terms like BOP. The professionals at The Nowell Agency understand the confusion that can come when shopping for the best contractor insurance for your Texas company. Talk to us. We believe in educating our customers so that you can make better decisions for your organization. We work with a wide range of carriers, so you know you are getting the best for your money.

Call one of our offices near you to schedule a meeting with a knowledgeable and experienced broker at The Nowell Agency about contractor insurance in Texas. You can also request a quote online.


The Nowell Agency is committed to providing you with fast and efficient service. If you would like a quote on any of our products please complete the short form below and click submit.

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    The Nowell Agency has been my primary agent for many years and they are attentive, well-staffed, and easy to talk to. Their agency has helped me through state to state moves and career change and kept my assets covered.

    James G.

    My very first insurance experience was when I bought my first house and I called the Nowell agency for a quote. I had no idea what I needed or how much and they were so very kind and knowledgeable and explained everything to me in detail which I so much appreciated. That has been 4 years ago and im still a customer never plan to leave.

    Ashleigh D.

    I have been very pleased with the quick and professional service by the Nowell agency. My agent was very efficient at locating a policy that met my needs and budget. Thank you to Kristy and the Nowell agency for providing me with fantastic customer service. I highly recommend this agency. You will not be disappointed.

    Tripp W.


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