Best BOP Insurance for Small Business
A Business Owner's Policy (BOP) bundles general liability and commercial property into one policy at a 10–25% discount. Here are the best carriers for BOP coverage in 2026.
Hiscox
Best for: Small businesses in low-risk industries needing fast online quotes
Coverage: General Liability, Professional Liability / E&O, BOP, Cyber Liability
Typical GL cost: $40–$100/month
Typical BOP cost: $60–$180/month
AM Best rating: A (Excellent)
Notable: Known for fast online quoting (as little as 5 minutes) and low minimum premiums
Next Insurance
Best for: Small businesses and independent contractors wanting instant online purchase
Coverage: General Liability, Professional Liability, Commercial Auto, Workers' Comp, BOP
Typical GL cost: $25–$80/month
Typical BOP cost: $50–$150/month
AM Best rating: A- (Excellent)
Notable: Digital-first, fully online purchase with same-day certificate of insurance
The Hartford
Best for: Businesses with employees needing comprehensive coverage including workers' comp
Coverage: General Liability, BOP, Workers' Comp, Commercial Auto, Cyber
Typical GL cost: $60–$150/month
Typical BOP cost: $80–$250/month
AM Best rating: A+ (Superior)
Notable: One of the largest US commercial carriers — strong for workers' comp and multi-state operations
Nationwide
Best for: Businesses wanting bundled business + personal insurance
Coverage: General Liability, BOP, Workers' Comp, Commercial Auto, Cyber
Typical GL cost: $60–$150/month
Typical BOP cost: $80–$250/month
AM Best rating: A+ (Superior)
Notable: Strong bundle discounts if you also have personal insurance (auto, home) with Nationwide
CoverWallet
Best for: Small businesses wanting broker service with digital experience
Coverage: General Liability, Workers' Comp, Commercial Auto, BOP, Cyber, E&O
Typical GL cost: $50–$120/month
Typical BOP cost: $70–$200/month
AM Best rating: A (Excellent) — backed by Aon
Notable: Digital broker backed by Aon — hybrid of online quoting and human advisor support
Side-by-side comparison
| Carrier | Best For | GL Cost | BOP Cost | AM Best |
|---|---|---|---|---|
| Hiscox | Small businesses in low-risk industries needing fast online quotes | $40–$100/month | $60–$180/month | A (Excellent) |
| Next Insurance | Small businesses and independent contractors wanting instant online purchase | $25–$80/month | $50–$150/month | A- (Excellent) |
| The Hartford | Businesses with employees needing comprehensive coverage including workers' comp | $60–$150/month | $80–$250/month | A+ (Superior) |
| Nationwide | Businesses wanting bundled business + personal insurance | $60–$150/month | $80–$250/month | A+ (Superior) |
| CoverWallet | Small businesses wanting broker service with digital experience | $50–$120/month | $70–$200/month | A (Excellent) — backed by Aon |
Which carrier should you choose?
For fast online purchase: Hiscox or Next Insurance. For comprehensive coverage with workers' comp: The Hartford. For bundling with personal insurance: Nationwide. For broker guidance: CoverWallet.
Rates for identical coverage vary 20–30% between carriers. Get quotes from at least 3 before deciding.
Estimate your cost first
Before comparing quotes, know what you should expect to pay. Use these free calculators to see benchmarks for your industry and revenue: