Running a small business means managing a hundred competing priorities. Insurance shouldn't be one of them. Many small business owners could consolidate and simplify their insurance needs with a Business Owner's Policy (BOP) — a bundled insurance solution designed specifically for small and mid-size businesses.

This bundled insurance solution may help reduce critical coverage gaps often found in standalone policies. But when the unexpected happens — a fire, a lawsuit, a forced closure — inadequate coverage can create significant financial challenges after a loss.

A Business Owner's Policy covers many risks — but it is not all-encompassing. The following coverages are generally not included in a standard BOP and must be purchased separately. Understanding these exclusions upfront prevents dangerous coverage gaps — and costly surprises at claim time.

• Workers' Compensation Insurance — required by law in most states for businesses with employees
• Commercial Auto Insurance — personal auto policies do not cover business use of vehicles
• Professional Liability (E&O) — unless added as an endorsement
• Employee Health and Disability Benefits
• Flood Insurance — typically excluded from standard property coverage
• Umbrella — typically excluded from standard property coverage
• Cyber — typically excluded from standard property coverage (see endorsements section for add-on options)
• Management Liability — typically excluded from standard property coverage

A BOP addresses some gaps that GL leaves open, helping to ensure that your business can work toward recovering from both liability claims and physical or financial losses. For most small businesses, the BOP is the more comprehensive and cost-efficient choice.

• Business size and annual revenue — larger businesses with higher revenues typically pay more
• Industry risk classification — higher-risk industries (e.g., food service, construction) pay higher premiums than lower-risk industries (e.g., professional services)
• Location — property values, local weather risks, and crime rates influence commercial property premiums
• Claims history — a history of prior claims can increase your premium
• Coverage limits and deductibles — higher limits and lower deductibles increase your premium; adjusting these can help manage cost
• Endorsements selected — each add-on coverage adds a modest amount to your overall premium

Bundling your coverages into a BOP may offer savings compared to purchasing each coverage as a separate, standalone policy (illustrative estimate; actual savings vary by insurer, coverage selection, and business profile). Many small businesses find that a bundled BOP is both more affordable and easier to manage than multiple separate policies.

One of the most important things to understand about a Business Owner's Policy is that it is not a one-size-fits-all product. Every business has a unique risk profile — and a well-designed BOP reflects that. Endorsements are optional riders that extend your BOP coverage beyond the standard bundle. They allow you to tailor your policy to the specific risks your business faces, without purchasing an entirely separate policy for each exposure. Start with the core bundle and add endorsements as your operations expand, your team grows, or your risk profile evolves. Cyber liability is an increasingly significant business risk — and one of the most common and valuable BOP endorsements available, particularly for businesses that handle customer data or process online payments.

• A++ (Superior) financial strength rating by AM Best — the highest possible rating for an insurance carrier
• Over 30 years of experience serving small and mid-size businesses across the United States
• Claims reporting and dedicated claims support available — availability may vary by state and policy; please verify approved service language with your Chubb representative
• Flexible, customizable BOP options tailored to your industry and risk profile
• Online quoting available in minutes — no lengthy applications or waiting periods

For more information about Chubb financial data, click here Investor Relations site.

Your business deserves more than a generic policy. Chubb's Business Owner's Policy delivers comprehensive, customizable protection — bundled into one straightforward premium.

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Speak with a licensed Chubb insurance professional who can evaluate your specific business risks, recommend appropriate coverage limits, and provide an accurate quote tailored to your operation.

Not sure what coverage limits you need? Our licensed agents can walk you through your options.