SC Business Owners Policy (BOP)
Comprehensive, Affordable Protection for Small Businesses
Running a business in South Carolina comes with risks—property damage, lawsuits, theft, and more. A Business Owners Policy (BOP) combines two essential types of insurance into one convenient and affordable package: general liability and commercial property coverage.
At The Ferguson Insurance Team, we help small business owners across Charleston, Walterboro, and beyond protect what they’ve built with customized BOP insurance tailored to their industry, size, and budget.
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What Is a Business Owners Policy (BOP)?
A Business Owners Policy bundles key coverages most small and medium-sized businesses need into one policy—making it both simpler and often more cost-effective than purchasing separate policies.
Most BOPs include:
- General Liability Insurance
Covers third-party injuries, property damage, and legal defense if your business is sued. - Commercial Property Insurance
Protects your building (if owned), equipment, inventory, and furniture from fire, theft, storms, and more. - Business Interruption Coverage (Optional)
Replaces lost income if your business has to close temporarily due to a covered event like a fire or storm.
Depending on your needs, we can tailor your BOP with add-ons like:
- Equipment breakdown coverage
- Data breach/cyber liability
- Hired and non-owned auto liability
- Crime and employee dishonesty
- Outdoor signage or tenant improvements
Who Needs a BOP?
BOPs are ideal for many Main Street businesses in South Carolina, such as:
- Retail stores
- Restaurants and cafes
- Contractors and subcontractors
- Salons and spas
- Medical and dental offices
- Professional offices (consultants, accountants, real estate agents)
- Auto service and repair shops
- Home-based businesses
If you have a physical location, customer foot traffic, or valuable business property, a BOP may be a perfect fit.
Why Choose a BOP Instead of Individual Policies?
- Convenience – One policy, one renewal, one bill
- Cost Savings – Bundled pricing is often lower than buying policies separately
- Customizable – Add or remove coverages to fit your business needs
- Simplified Claims – One insurer handles your claims, reducing hassle
We work with a wide network of carriers to find the right BOP for your business—so you get quality coverage at a competitive price.
How Much Does a Business Owners Policy Cost?
BOPs are surprisingly affordable. For many small businesses in South Carolina, premiums can start around $500 to $1,200 per year, depending on:
- Your industry and risk level
- Business size and revenue
- Location(s)
- Claims history
- Selected coverage limits and add-ons
We’ll help you compare quotes and find the best combination of protection and price.
Why Work With The Ferguson Insurance Team?
We’re a local, independent insurance agency that’s been helping South Carolina businesses protect themselves since 1981. When you work with us, you get:
- Local expertise for business owners in Charleston, Summerville, and the surrounding areas
- Access to dozens of top-rated insurance carriers
- Fast, friendly service from a real person—not a call center
- Custom coverage advice tailored to your business
Whether you’re just starting out or looking to improve your existing coverage, we’re here to help.
Get a BOP Quote for Your Business Today
Don’t leave your business exposed to unnecessary risk. A Business Owners Policy is one of the smartest and most cost-effective ways to protect your livelihood.
Let’s build a policy that works as hard as you do.
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Frequently Asked Questions
Can I switch insurance before my policy's renewal?
Yes! You do not have to wait until the expiration date of a policy to change to a different carrier. If you’re unsure about the process of changing your auto insurance, our agents can walk you through that process, step-by-step.
Do you offer coverage bundles?
We do! Many of the insurance companies we represent offer savings and other benefits for having multiple policies with them. We can also create a customized bundle within our agency with coverage from different companies to best fit your needs. Many of those companies still offer a discount for having multiple policies with our agency, even if they are not all with the same company.
I'm moving to South Carolina, can you help me with my insurance needs?
We help many new South Carolina residents take care of their insurance needs, both auto insurance, and home or renters, when they first move to our state. Our agents can walk you through the process obtaining car and property insurance that satisfies the specific requirements of the state, your lender or your property manager.
I'm not sure what I need, can you help?
Absolutely! We know that most people don’t spend all day thinking about insurance the way we do! We’re here to help by providing you with education and listening to your unique needs so we can better understand you and what insurance solutions would best fit your specific circumstances.
My car insurance keeps going up, what can I do?
It’s true that auto insurance rates have risen across the board in the last few years due to a variety of factors, like increased cost of both parts and labor, as well as increased loss frequency and even the increased costs of reinsurance for carriers. The good news is you have options. If your rates have gone up, it may be a good idea to chat with a local agent and see if there are other options that are more affordable.
What is "full coverage"?
Great question! Contrary to popular belief, “full coverage” is not an insurance term, and agents don’t typically use it, because it can mean many things to different people. The most common definition though, is usually an auto policy that has both collision and comprehensive (also called other-than-collision) coverage. However, even a policy with these coverages may not “fully” cover you, depending on the circumstances. Coverages like towing and roadside assistance, Gap insurance, and medical payments are just a few options that might not be included on a policy that has collision and comprehensive coverage. Instead of using generic phrases like “full coverage”, we prefer to work with our clients to discuss their needs, and explain thoroughly exactly what their policy does or does not cover.
Other Insurance You May Need
Workers' Comp
Protection for your employees is both required by law and vital to keeping your business running.
Business Auto
Affordable coverage for all of your vehicles and drivers keeps you working.
Cyber
Every business faces cyber risk, from ransomware to invoice manipulation and more.
Don’t DIY Your Insurance. Experience The Difference of Local Expertise Today.
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Have a Question? Need a Quote? Get in touch with our team today.