What is a Business Owners Policy (BOP) and for what businesses is it designed?

BUSINESS OWNERS POLICY (BOP): DESIGNED FOR: Small to mid-size businesses with limited operations and manageable risks (generally revenue under $5-10M, premises under 25,000 sq ft depending on insurer); COVERAGE PACKAGE: Commercial property (building and business personal property); Business liability (general liability and personal/advertising injury); Business income and extra expense (coverage for lost income and extra costs during a covered loss); ELIGIBLE BUSINESSES: Retailers; service businesses; offices; small restaurants; contractors (some); INELIGIBLE: Manufacturing (higher exposure); auto dealers; farms; professional services requiring E&O; large operations; ADVANTAGES: Lower premium than buying coverages separately; standardised package; easier to manage; ENDORSEMENTS: Many BOPs can be endorsed to add: professional liability; employment practices liability; cyber coverage; equipment breakdown.