Business Owners Policy in Guilford, CT
A Business Owners Policy — usually just called a BOP — bundles the three coverages almost every small business needs: general liability, commercial property, and business income, into one policy instead of three.
It’s the coverage most Guilford storefronts, offices, and small operations build their protection on, and it’s often cheaper than buying the same coverages separately.
Page Insurance, an independent agency based in Guilford, CT, shops your BOP across multiple carriers to match your specific business, not a generic template.
Why Guilford Businesses Work With Us
Page Insurance has been serving Guilford and shoreline businesses since 1943.
As an independent agency, we compare BOP options across carriers instead of offering one insurer’s fixed terms, and we know which carriers actually write coverage for shops on the Green versus offices further inland.
What's Covered
General liability
Protects you if a customer or visitor is injured on your premises, or if your business causes property damage to someone else — covers legal defense costs even if a claim is groundless.
Commercial property
Covers your building (if you own it), and your business personal property — furniture, equipment, inventory, signage — generally on a replacement cost basis rather than depreciated value.
Business income
Replaces lost income and covers ongoing expenses if a covered loss — a fire or storm — forces you to close temporarily. Most BOPs cover actual lost income for up to 12 months of restoration rather than a fixed dollar limit.
What's Not Covered
Workers' compensation
A BOP is a property and liability policy — it does not include workers' comp. Connecticut requires separate workers' compensation coverage for any business with one or more employees.
Flood damage
Like almost every commercial property policy, a standard BOP excludes flood. If your location is anywhere near the shoreline or a flood zone, you need a separate flood policy.
Professional errors or advice
A BOP's liability section doesn't cover claims that you gave bad advice or made a professional mistake — that requires separate professional liability or errors and omissions coverage.
Commercial vehicles
Vehicles used for business — deliveries, client visits, hauling equipment — need their own commercial auto policy; a BOP doesn't extend to vehicles.
Does Your Business Qualify for a BOP?
Not every business is eligible. Standard BOP underwriting guidelines generally require:
$6M
Annual revenue under roughly $6 million (some carriers allow more for low-risk industries)
35,000
Under about 35,000 square feet per location
6
Buildings under six stories
100
Fewer than 100 employees
Certain business types are typically excluded from standard BOP eligibility regardless of size — bars and liquor-focused businesses, auto dealers and repair shops, manufacturing operations, and financial institutions among them.
If your business falls outside standard BOP eligibility, we can place a commercial package policy instead, still shopped across multiple carriers.
A Coastal Detail Most Guilford Businesses Don't Know About
Because Guilford sits on Long Island Sound, some BOP carriers apply a separate windstorm or hurricane deductible — commonly a percentage of your insured value (often 1%, 2%, or 5%) rather than a flat dollar amount — instead of your regular property deductible.
This can catch a shop owner off guard after a coastal storm if nobody explained it up front.
We check this on every coastal quote before you sign, not after a claim.
of insured value
of insured value
of insured value
What a BOP Typically Costs
$500 – $3,500
Common annual premium range for small Connecticut businesses
Cost depends heavily on your industry, revenue, location, and building value, but small Connecticut businesses commonly see BOP premiums somewhere in the range of $500 to $3,500 a year.
Low-risk offices and consultants generally land at the lower end; retail, food service, and businesses with more property exposure run higher.
We compare your actual numbers across carriers rather than quoting a flat industry average.
Guilford Businesses We Commonly Place BOP Coverage For
- Retail shops and small storefronts around the Green
- Professional offices — accountants, real estate agents, consultants
- Salons, personal-service, and small food-service businesses
- Small contractors and service businesses below CPP-level revenue
- If you're a contractor with a project underway, Builders Risk Insurance fills a gap a BOP doesn't cover, and businesses that run a home office should also see our Home Business Insurance page.
What does a Business Owners Policy cover?
A BOP bundles general liability, commercial property, and business income coverage into one policy. It protects your business if a customer is injured, your property is damaged, or a covered loss forces you to close temporarily.
Does a BOP include workers' compensation?
No. A BOP is property and liability coverage only. Connecticut requires separate workers’ compensation insurance for any business with one or more employees, and we place both together for most clients.
Does a Business Owners Policy cover flood damage?
No. Flood is excluded from standard BOPs just like it is from homeowners policies. Businesses near the Guilford shoreline or in a flood zone need a separate flood insurance policy.
Is my business eligible for a BOP?
Most small businesses under about $6 million in annual revenue, fewer than 100 employees, and under 35,000 square feet per location qualify. Certain industries, like bars, auto repair shops, and manufacturers, are typically excluded regardless of size.
How much does a Business Owners Policy cost in Connecticut?
Small Connecticut businesses commonly pay between $500 and $3,500 a year, depending on industry, revenue, location, and property value. We provide an exact quote based on your specific business.
What's the difference between a BOP and a Commercial Package Policy?
A BOP is a pre-packaged policy for smaller, lower-risk businesses that meet standard eligibility limits. A Commercial Package Policy offers more flexibility and higher limits for businesses that exceed BOP thresholds or operate in higher-risk industries.
Serving Guilford and the Connecticut Shoreline
Page Insurance, Ltd. has helped Guilford business owners protect what they’ve built since 1943. We proudly serve businesses throughout Guilford, Branford, Madison, and communities across the greater New Haven and Middlesex County area.