When shopping for business insurance, many small business owners get confused between a standard General Liability (GL) policy and a Business Owner’s Policy (BOP). Here is what you need to know: General Liability Insurance: Primarily protects your business against certain third-party liability claims. Business Owner's Policy (BOP): Typically combines multiple coverages into one policy, which may include: ✓ General Liability ✓ Business Property ✓ Business Income *Note: Actual