Property coverage in a BOP helps to protect the buildings, furnishings and equipment you use for your business, whether it's a leased or owned storefront, office space, garage or home office. It combines general liability and property insurance, offering a bundle of key protections to help your business grow confidently. A business owner policy, also known as a BOP, is a convenient one-size-fits-all package of coverage designed to meet the needs of small businesses.