Business Owners Policy (BOP) Insurance In South Carolina

Business owners' policies, or BOPs, are a specific type of insurance designed to protect small business owners in South Carolina against common liability risks. BOPs are usually sold as package policies that combine multiple coverages into one policy, making them more cost-effective than buying individual policies for each risk. Most BOPs include general liability insurance, property damage coverage, and other forms of protection, such as business interruption insurance.



In South Carolina specifically, BOPs can be tailored to the needs of an individual business owner. Businesses with larger numbers of employees may require different types of coverage than those with fewer workers. Additionally, businesses located near coastal areas may benefit from additional flood coverage or other specialized types of protection not included in a standard BOP.

On average, South Carolina customers spend $684 per year or an equivalent of $57 per month on a business owner’s policy for a coverage limit of $1 million. This rate can vary depending on the types of coverage selected.

Rates can also vary widely depending on the size and type of business, as well as the location and industry. Generally speaking, businesses with more employees and higher-value assets will pay higher premiums than those with fewer workers or lower-value items.

Some industries, such as construction, may require specialized coverage that can significantly increase the cost of a BOP. Additionally, businesses located in high-risk areas are likely to pay higher premiums than those located in low-risk regions.

Other factors such as the business’s credit score, claims history and deductible amount can also affect the cost of a BOP. Before committing to a policy, it is important for business owners in South Carolina to compare rates from multiple providers to ensure they are getting the best deal.

At Southern Insurance Group, we have the best business owners' policies (BOP) in South Carolina. Our experienced agents will work with you to create a customized policy that fits your specific needs and budget.

We understand that no two businesses are alike, so we offer tailored coverage options to ensure your operations are protected from liability risks. Plus, our competitive rates make us one of the most cost-effective providers in the state.



For more information on how our business owners' policies (BOP) in South Carolina can help protect you and your operations, contact us today. We look forward to helping you get the coverage you need at a price that fits your budget.

In South Carolina, most businesses are eligible to purchase a business owners policy (BOP). However, policies may vary in accordance with the size and type of the business. Smaller businesses that have fewer employees and assets may be able to get by with lesser coverage. On the other hand, larger businesses with more people and property will likely require more comprehensive protection from liability risks.

The following groups are eligible to purchase BOPs in South Carolina:

• Sole proprietors
• Limited Liability Companies (LLCs)
• Partnerships
• Corporations
• Non-profits and charities
• Small business owners
• Retailers and wholesalers
• Service providers and self-employed professionals
• Contractors and construction businesses
• Restaurants, cafes, and other food establishments
• Hotels, motels, resorts, inns, and bed & breakfasts
• Technology companies
• Manufacturers and industrial businesses
• Transportation companies
• Financial services and insurance agencies.

When it comes to specialized industries such as construction or hospitality, additional forms of coverage may be necessary to protect against unique risks associated with these fields. Additionally, businesses located in high-risk areas or those that generate significant revenue online should consider purchasing additional coverage for cyber threats and data.

The coverage limits of these policies may also vary depending on the individual business’s needs and size. Generally, all BOPs provide some form of coverage for property damage, business interruption, liability, and crime. However, additional coverage may be available to provide extra protection against specific risks or liabilities.

Commercial Property Insurance 

Commercial property insurance helps business owners protect their physical assets in the event of theft, fire, and other damages caused by natural disasters. This type of coverage is typically included in a South Carolina business owner’s policy (BOP).

Commercial property insurance can provide protection against a variety of physical items owned by the business, such as:

• Buildings and structures
• Inventory and equipment
• Furniture and fixtures
• Computers, laptops, and other electronic devices
• Business documents and records
• Money on-site or in transit
• Signs
• Machinery
• Outdoor fencing or landscaping

You may also be able to purchase additional coverage for valuable items such as stocks, bonds, jewelry, and artwork.

Commercial Liability Insurance

Commercial liability insurance helps business owners protect themselves from lawsuits and other legal claims related to their operations. This type of coverage is typically included in a South Carolina business owners policy (BOP). It covers the cost of legal defense fees and settlements if you or your employees are sued because of an injury that occurred on the premises or due to negligence related to your services. In some cases, commercial liability coverage may also provide protection against libel or slander suits as well as any damages you might incur from copyright infringement.

Business Interruption Insurance

Business interruption insurance provides financial assistance if your business is unable to operate due to an unexpected event such as a natural disaster or power outage. This type of coverage helps replace lost revenue and pays for necessary expenses during the period when your operations are suspended. It is typically included in South Carolina business owners policies (BOPs).

Crime Insurance

Crime insurance can help your business recover financially if it is affected by robbery, employee theft, counterfeit money, computer fraud, vandalism, or any other criminal act. This type of coverage is typically included in South Carolina business owners policies (BOPs) and will cover the cost of replacing stolen items as well as lost income.



Not all BOPs will cover every type of risk, so it is important to speak with an insurance agent to determine which coverages are in your policy. Additionally, businesses may require additional coverage for specialized risks associated with their industry.

Business owners should consider purchasing a South Carolina business owners policy (BOP) instead of standalone policies if they need coverage for more than one kind of risk. BOPs are comprehensive packages that often provide more coverage at a lower cost than separate policies. However, it is important to remember that not all risks can be covered under a BOP and businesses may require additional coverage depending on their industry and size. An insurance agent can help you determine the best type of policy for your business needs.

Like most types of insurance, South Carolina business owners' policies (BOPs) come with discounts. Depending on the specifics of your policy and the size of your business, you may be eligible for some or all of these discounts:

• Multiple-policy discount – Bundling other types of coverage such as commercial liability insurance and workers’ compensation with your BOP will often result in a discount.
• Experience discount – Businesses that have been in operation for a certain number of years may receive a discount on their policy.
• Security and safety discount – Businesses that have taken steps to reduce the risk of theft, fire, and other losses may qualify for a discounted rate on their BOP.
• Management practices discount – Businesses that have implemented risk management policies and safety protocols may be eligible for a discounted rate on their BOP.
• Claim-free discount – If your business has not filed any claims in the past, you may be eligible for a discount.
• Group affiliation discount – Small businesses that are members of an industry association or chamber of commerce may be eligible for a discounted rate on their policy.
• Business type discount – Some industries present higher risk than others, and BOPs for businesses in lower-risk professions may be cheaper than those for higher-risk industries.

You may also lower your BOP premiums by raising your deductible, which is the amount you must pay out of pocket before your insurance kicks in.