Business Owner’s Policy Insurance in Wisconsin

Most small businesses need general liability coverage and commercial property coverage. Buying them as separate policies is one option, but a Business Owner's Policy, or BOP, bundles both into a single plan and typically costs 10 to 25 percent less than purchasing them individually. For eligible businesses in Wisconsin and Minnesota, a BOP is often the smartest and most affordable way to build a solid coverage foundation from day one.

What a BOP Includes

A standard BOP is built around three core coverages that work together to protect your business from the most common and costly risks:

  • General Liability – Covers third-party bodily injury, property damage, and advertising injury claims against your business
  • Commercial Property – Protects your building, equipment, inventory, and furniture from fire, theft, vandalism, and weather damage
  • Business Interruption – Replaces lost income and covers ongoing expenses like payroll and rent if a covered event forces you to temporarily close

Many carriers also allow you to add endorsements to a BOP, such as cyber liability, equipment breakdown, employee dishonesty, and hired and non-owned auto coverage, so your policy can grow with your business.

Does Your Wisconsin or Minnesota Business Qualify?

BOPs are designed for small to mid-sized businesses with a manageable risk profile. In 2026, most carriers require that your business have fewer than 100 employees, generate under $5 million in annual revenue, and operate from a commercial or leased space. Lower-risk industries such as retail shops, professional offices, restaurants, salons, and service businesses in New Richmond and throughout Wisconsin and Minnesota typically qualify with no issues. Higher-risk operations, such as manufacturers or auto dealers, may need a more customized commercial package instead. Not sure where your business falls? That is exactly the kind of question we help answer.

What a BOP Does Not Cover

A BOP is a strong starting point, but it does not cover everything. Workers compensation, commercial auto, and professional liability are not included and must be purchased separately. Flood damage is also excluded, which matters for businesses located near the St. Croix River or Minnesota waterways. We take the time to walk every business client through what their BOP covers and where additional policies may be needed, so there are no surprises when a claim comes in.

Ready to see if a BOP is the right fit for your business? Visit our commercial insurance page to explore all the coverage options we offer, or reach out to our team in New Richmond and let us find the right combination of coverage for your business.