Protecting Business Owners for Over 125 Years

Safeguard Your Assets with Business Insurance

Running a business comes with daily risks — from property damage to liability claims. A Business Owner’s Policy (BOP) combines property and liability coverage into one convenient package, designed to protect what you’ve built. It’s typically more affordable than purchasing separate policies and can be tailored to your business’s unique needs.

At Miller Insurance Brokers, we take the time to understand your business — its operations, challenges, and goals — so we can build a policy that fits perfectly. Your BOP can help protect your property, income, and assets, giving you peace of mind to focus on success.

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What Can a Business Owner’s Policy Cover?

Property Coverage:

The first key component is property insurance. This coverage protects your business premises, equipment, and vehicles — and often includes compensation for loss of income if your operations are interrupted. It’s essential protection that helps safeguard your business, assets, and revenue from unexpected setbacks.

Here are a few important property coverages to consider in your Business Owner’s Policy:

Fire

Theft

Flooding

Loss of Income

Accidental Damage

Loss or Damage of Property

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Liability Coverage:

The second key component is liability insurance. This coverage protects your business against claims of bodily injury or property damage to others. However, it typically does not cover risks related to professional services — such as financial loss resulting from incorrect advice.

Liability coverage within your Business Owner’s Policy is essential, especially if:

You meet clients at your business or theirs

You or your employees have access to clients’ equipment

There’s a potential risk of injury or property damage to others

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Additional Coverage:

Risk Factor
An auto accident can result in bodily injury or property damage to others, potentially putting your business at financial risk.
Solution
Business auto insurance covers vehicles owned or leased by your business, protecting against bodily injury, property damage, and other liabilities. It typically includes both comprehensive and collision coverage, helping safeguard your business from unexpected costs.
Risk Factor
What would you do if a fire disrupted your business operations? Or if a pipe leak caused a system outage or extended downtime? Events like these can prevent you from serving clients and generating revenue, potentially threatening the long-term viability of your business.
Solution
Business income insurance compensates you for lost revenue when your business cannot operate normally due to damage covered under your commercial property insurance, such as fire or water damage. It covers the income you would have earned, based on your financial records, and also helps pay ongoing operating expenses — like electricity — that continue even while business activities are temporarily halted.
Risk Factor
What happens if your business faces a large liability claim that exceeds the limits of your standard policies?
Solution
A commercial umbrella policy provides high liability limits, typically between $2,000,000 and $10,000,000. It extends coverage over your general liability, workers’ compensation, business auto, and directors and officers liability policies, offering an added layer of protection and peace of mind for your business.
Risk Factor
What would you do if a trusted employee engaged in dishonest behavior?
Solution
Crime and fidelity coverage protects your business against employee dishonesty, forgery, theft, destruction, disappearance, and related risks. Speak with your broker to understand the full scope of this coverage and how it can safeguard your business.
Risk Factor
The Internet has created a new set of liability exposures for businesses. E-commerce, social networking, cloud storage, and other technologies offer great benefits, but they also introduce risks, including the protection of your customers’ privacy, data, and financial information.
Solution
Cyber liability coverage protects against unauthorized access to your electronic data or software. It also covers incidents such as spreading a virus, computer theft, extortion, or mistakes, errors, or omissions made by an employee. As businesses increasingly rely on technology, this coverage is becoming essential to safeguard your operations.

Risk Factor
Directors and officers, such as board members, face increased liability and can be held accountable for alleged negligence in performing their duties. Lawsuits of this nature are often costly to defend and can result in substantial settlements.
Solution
Directors and Officers Liability Insurance provides comprehensive protection for senior members of your company. It covers legal defense costs and any settlements or judgments that exceed those defense expenses, ensuring your leadership team is financially protected.
Risk Factor
On average, three out of five businesses will face a lawsuit from an employee. While you can’t prevent someone from filing a claim, you can limit the financial impact of defending against it.
Solution
Employment Practices Liability Insurance (EPLI) protects your business — including its directors, officers, and employees — from claims related to alleged employment practices such as wrongful termination, failure to promote, and discrimination.
Risk Factor
Could your business cause environmental damage? If so, are you adequately covered?
Solution
Environmental insurance provides protection in the event of an environmental incident or catastrophe.
Risk Factor
If your business provides services to others, there’s a risk of making mistakes (errors) or failing to perform a service (omissions). Such situations can lead to lawsuits claiming that these errors or omissions caused financial harm to your clients.
Solution
Errors and Omissions Liability Insurance protects businesses that provide advice, recommendations, design solutions, or represent the interests of others. This essential coverage ensures you’re protected if a client experiences financial loss due to your professional services.
Risk Factor
If an employee is injured or becomes ill due to a work-related incident, you are legally required to have appropriate coverage in place.
Solution
Workers’ compensation protects employees in the event of a job-related injury or illness during the course of their employment. This coverage is mandatory by law, so it’s important to understand your obligations and ensure your business is compliant.

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Since 1899, our team has proudly supported Southwestern Ontario with reliable coverage and trusted guidance.

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Local service, long-standing relationships, and peace of mind — that’s the Miller Insurance Brokers promise.

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