BOP Cost for Law Firms
A Business Owner's Policy bundles general liability and commercial property coverage into a single, cost-effective package tailored for small to mid-size businesses. For law firms, a BOP covers common risks like client slip-and-fall injuries at the office, property damage, and business interruption. It is one of the most straightforward and affordable policies a firm will purchase.
Typical Range:$750-$3,500/year
Key Pricing Factors
- Office location, including crime rates, weather exposure, and building construction type
- Square footage occupied and whether the space is owned or leased
- Value of business personal property including furniture, equipment, and law library
- Annual firm revenue used as a proxy for general liability exposure
- Claims history for general liability and property losses
Tips to Reduce Your Premium
- Bundle general liability and property into a BOP rather than purchasing them separately for a 10 to 25 percent discount
- Accurately value your business personal property to avoid overpaying for coverage you do not need
- Increase the property deductible to $1,000 or $2,500 to lower the annual premium
- Install security systems, fire suppression, and water leak detection to qualify for property credits
Get an accurate quote for your firm
Every firm is different. Get a personalized coverage review and see what your program should actually cost.