Starting a business in Michigan is exciting — but it also comes with risks. From property damage to customer lawsuits, even the smallest issue can throw a wrench in your plans. That’s why having the right insurance from day one isn’t just smart — it’s essential.
One of the best options for new and small business owners is a Business Owner’s Policy, or BOP. If you’re new to the world of insurance, don’t worry. In this guide, we’ll break it down in plain English — no jargon, just real advice for Michigan startups.
🔹 What Is a BOP?
A Business Owner’s Policy (BOP) is a bundled insurance package designed specifically for small and mid-sized businesses. It combines two major types of coverage:
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General Liability Insurance: Covers lawsuits from things like customer injuries, property damage, or advertising mistakes.
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Commercial Property Insurance: Covers your building, equipment, inventory, and more in case of fire, theft, or other damages.
Think of it like a combo meal: you get multiple protections in one convenient and cost-effective package.
🔹 Why Michigan Startups Should Care
If you’re starting a business in Southeast Michigan — whether you’re opening a café in Clinton Township, a retail shop in Sterling Heights, or launching a service business from your home in Macomb County — a BOP gives you peace of mind and financial protection.
Without it, you’d have to buy these coverages separately, which usually costs more. Worse, skipping coverage entirely could mean disaster if something unexpected happens.
🔹 Real-World Example
Let’s say you open a small storefront in Warren. One icy morning, a customer slips and falls in your entryway. They sue for medical costs. Without general liability coverage (included in a BOP), you’d be paying those legal bills out of pocket.
Now imagine there’s a break-in, and your computers and inventory are stolen. Your BOP’s property coverage would help you replace what was lost — and keep you operating.
🔹 What’s Typically Covered in a BOP?
Most BOPs include:
✅ Customer injury & property damage
✅ Fire, theft, and vandalism
✅ Business equipment and inventory
✅ Loss of income (in some cases, depending on your policy)
You can also customize your BOP by adding coverage for:
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Cyber attacks
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Professional liability
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Business interruption
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Equipment breakdown
🔹 Who Should Get a BOP?
A BOP is perfect for many Michigan startups and small businesses, especially if you:
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Have a physical location (even a home office)
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Own inventory or expensive equipment
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Interact with customers or clients in person
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Want to bundle essential insurance affordably
🔹 Let’s Get You Covered
At Michigan Insurance Source, we specialize in helping new businesses across Macomb, Oakland, and St. Clair counties get the protection they need — without overpaying.
We’ll explain everything clearly and make sure your BOP fits your business today and grows with you tomorrow.
📞 Call us today at (586) 846-3133 or visit www.michiganinsurancesource.com to get started.
Protect your dream — before something unexpected tries to take it away.
Because a strong business starts with smart insurance.