Business Owners Policy (BOP) in New York: Comprehensive Protection for Your Business
A Business Owners Policy (BOP) is a cost-effective, all-in-one insurance solution designed for small and mid-sized businesses. It combines general liability and property insurance into one package while allowing businesses to add critical coverages like workers’ compensation, commercial auto, cyber liability, and umbrella insurance.
Insurance for Plumbing Contractors in New York
General Liability
Protects your business from claims involving physical injuries to third parties. ADD
Workers' Compensation
Covers the cost of damages to third-party property caused by your business operations. ADD
Commercial Auto
Ensure your vehicle is fully insured with both liability and collision coverage.
Professional Liability
Add professional liability as an additional product. ADD
Why Retail Business Owners Need Comprehensive Coverage
At LI Risk, we specialize in tailoring BOP policies for retail stores, restaurants, pizzerias, bagel shops, delis, beauty salons, convenience stores, grocery stores, and other local businesses in Long Island, NYC, and the boroughs.
Flexible coverage limits up to $5,000,000
Quarterly billing & online payment options
Add a landlord as an additional insured
Covers property, liability, inventory, business auto, and workers’ compensation
Not sure what you need? Our team will review your business’s risk exposure and customize a policy that fits your operations.
General Liability Class Codes Available for Retail Businesses
We provide tailored insurance coverage for retail business owners based on your store’s focus. The following General Liability Codes are available:
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10042 - Appliance Stores – Household Type
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10071 - Automobile Parts and Supplies Stores
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10145 - Liquor and Wine Stores
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10146 - Soft Drinks and Beer Stores
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10150 - Bicycle Stores – Sales and Servicing
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10352 - Candy or Confectionery Stores
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11127 - Clothing or Wearing Apparel Stores
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11234 - Cosmetic, Hair, or Skin Preparation Stores
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12375 - Drugstores
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12393 - Electronics Stores
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12805 - Floor Covering Stores
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13111 - Fruit or Vegetable Dealers
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13351 - Furniture Stores
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13506 - Gift Shops
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13673 - Grocery Stores
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13716 - Hardware Stores
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14279 - Home Improvement Stores
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14401 - Ice Cream Stores
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14655 - Jewelry Stores
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15538 - Musical Instrument Stores
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15991 - Paint, Wallpaper, or Wallcovering Stores
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18501 - Supermarkets
These class codes ensure your coverage aligns with your retail store's specific risks and operations, helping you meet insurance requirements and confidently manage your business.
Who We Insure
We proudly offer tailored insurance solutions for retail businesses of all types, including:
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Appliance and Electronics Stores
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Clothing, Gift, and Jewelry Shops
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Grocery and Supermarkets
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Hardware and Home Improvement Stores
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Specialty Shops (Bicycles, Musical Instruments, Ice Cream, and more)
Whether you’re a local grocer, boutique owner, or large retail operator, we provide the protection your business needs to thrive.
Step One
Initial Consultation
Step Two
Customized Proposal
Step Three
Agreement
Step Four
Coverage Begins
A BOP provides a comprehensive package of protection that safeguards your business from financial loss due to property damage, lawsuits, employee injuries, theft, and more.
General Liability Insurance (GL) – Protecting Against Lawsuits
A core part of every BOP policy, General Liability Insurance (CGL) protects your business from lawsuits related to bodily injury, property damage, and advertising liability.
Coverage Limits: $1,000,000 per occurrence / $2,000,000 aggregate
Medical Payments: Covers expenses for injured customers (non-employees)
Premises Liability: Covers injuries inside the store or due to unsafe conditions
Product Liability: Covers damages from defective products you sell
Example: A customer slips and falls in your convenience store. General liability covers legal fees, settlements, and medical costs.
Property Insurance – Protecting Your Business Location & Inventory
Your business location, equipment, and inventory are critical assets. Property coverage ensures that fire, theft, vandalism, and natural disasters don’t put you out of business.
Building Coverage: Covers the physical structure (if owned by the business)
Business Personal Property: Covers furniture, fixtures, and equipment
Inventory Protection: Covers loss of stock, supplies, and merchandise
Business Interruption Insurance: Reimburses lost income if your business is forced to shut down temporarily
Trade Contractors
We provide flexible, comprehensive insurance options for general, home improvement, and trade contractors to help protect their business and meet local regulatory and contractual requirements.
General Contractors
We understand the risks of managing large-scale projects and provide solutions that meet both regulatory and business needs.
Home Improvement Contractors
We offer customized insurance policies specifically for home improvement contractors, whether you focus on residential renovations or larger construction projects, ensuring compliance and complete protection.
Retail Stores
We offer tailored insurance for retail businesses, providing coverage for property, inventory, and liability. From small shops to large stores, our policies help you stay protected from various risks.
Service Providers
From janitorial services to food and beverage businesses, we understand the unique insurance needs of service providers. Our solutions cover employees, equipment, and legal liabilities.
Auto Services
Auto repair shops, body shops, and dealerships face unique risks. We offer coverage to protect your business, including Garage Liability for third-party injuries or property damage, Garagekeepers Insurance for customer vehicles, and Business Auto Insurance for company vehicles.
