Florida Business Owners Policy (BOP) Calculator

How this calculator works

A Business Owner's Policy (BOP) is the package small-commercial policy that bundles three coverages a Florida small business almost always needs together: commercial general liability (CGL), commercial property (the building if owned plus business personal property / contents), and business interruption (BI). The Florida small-commercial BOP standard form is the ISO BOP form CP 00 10, adapted by each admitted carrier with Florida-specific wind / hurricane and named-storm endorsements. Eligibility is typically capped at 100 employees and $5M-$10M of annual revenue; above that band, the risk migrates to a monoline commercial-package policy (CPP). The calculator prices the four standard pieces of the form — GL, property, BI, and the optional cyber rider — plus a separate hurricane / wind endorsement that the Tier 1 and Tier 2 coastal Florida market priced out of the underlying form after the 2004-2005, 2017, and 2022 hurricane seasons.

The premium-math chain is class-driven and zone-loaded. The general-liability portion is a fixed base premium plus a per-$1,000-of-revenue scaling factor, multiplied by the selected GL tier multiplier (the $1M / $2M aggregate floor is the baseline, with $2M / $4M and $5M / $10M layers stepping up). The property portion is the combined building-plus-contents value priced at the class-code property rate per $100 of value, loaded by the Florida coastal-zone multiplier. The BI portion is a per-$1,000-of-revenue rate times the number of coverage months. The hurricane endorsement is a percent-of-insured-property-value rate that applies to Tier 1, Tier 2, and Tier 3 coastal locations. The cyber rider is a flat $650 annual planning value when enabled.

The Florida coastal premium load

Florida OIR-approved commercial property and BOP filings band hurricane exposure into the same Tier 1 / Tier 2 / Tier 3 / Inland structure used by the residential and marine markets. Tier 1 (Monroe, Miami-Dade, Broward, Palm Beach, Martin) runs 1.5×-2.0× the inland baseline on the property portion of the BOP; this calculator uses 1.75× as the mid-point planning value. Tier 2 (Lee, Collier, Sarasota, Manatee, Pinellas, Hillsborough, Pasco, Hernando, Citrus) runs 1.3×-1.6× (1.45× mid-point). Tier 3 (St. Johns, Duval, Nassau, Flagler, Volusia, Brevard, Indian River, St. Lucie, plus the Big Bend coastline) runs 1.1×-1.3× (1.20× mid-point). Inland counties price at the baseline 1.00×.

The coastal load is a property / wind-exposure load — it touches only the property portion of the BOP. The general-liability portion is not zone-loaded (slip-and-fall and completed-operations exposure is structurally the same in Monroe County and in Polk County), and the business-interruption portion is not zone-loaded on the base BOP either. The structural takeaway for a Tier 1 Florida small business: the BOP's GL and BI portions look broadly similar to the inland equivalent, but the property portion is materially loaded and the wind endorsement is a separate priced line on top.

The Tier 1 / Tier 2 wind exclusion

Florida admitted-carrier BOPs in the Tier 1 and Tier 2 coastal counties almost universally EXCLUDE windstorm and hail on the commercial property portion of the form. Wind must be added back as a separately priced endorsement, written separately through Citizens Property Insurance Corporation's Commercial Lines Account (which writes commercial wind in Tier 1 counties as the wind-only carrier of last resort), or written through the surplus-lines market (Lloyd's syndicates and the E&S domestic market). The calculator prices the hurricane endorsement at 1.20% of insured property value on Tier 1, 0.75% on Tier 2, and 0.30% on Tier 3.

Tier 1 and Tier 2 small businesses also commonly carry a 5% wind / hurricane deductible expressed as a percent of insured property value — separate from the all-other-perils (AOP) deductible — with a $5,000-$25,000 flat-dollar deductible floor as the typical Florida admitted-carrier minimum. For a Tier 1 small retail business with $250,000 of contents value, a 5% wind / hurricane deductible is $12,500. The deductible applies once a National Hurricane Center watch or warning is issued for any portion of Florida and is required by separate disclosure on the declarations page under the commercial parallel to F.S. § 627.701.

A worked example — $750K-revenue retail storefront

Take a Florida retail storefront with $750,000 of annual revenue, 8 employees, leased space (so no owned building), $250,000 of contents value (inventory dominates the schedule), a $1M / $2M GL aggregate limit, 12 months of BI coverage, no cyber rider, located in Tier 1 coastal Southeast Florida.

The GL portion: $450 base premium plus 750 (units of $1K of revenue) times $0.55 per $1K equals $862.50 of pre-tier-multiplier GL, times 1.00 at the $1M tier equals roughly $863 of GL premium. The property portion: $250,000 of insured contents at $0.55 per $100 of value times the Tier 1 coastal multiplier of 1.75 equals about $2,406 of property premium. The BI portion: 750 (units of $1K of revenue) times $0.09 per $1K per month times 12 months equals $810 of BI premium. The hurricane endorsement: $250,000 times 1.20% equals $3,000. The total annual BOP premium estimate: approximately $7,079. The total without the wind endorsement (where wind sits at Citizens or the surplus-lines market): approximately $4,079.

Business interruption and the 72-hour waiting period

Business interruption (BI) on a Florida BOP covers lost revenue and continuing expenses while the damaged property is repaired or replaced after a covered property loss. The Florida-typical BI form is an "actual loss sustained" form with a 72-hour waiting period before coverage begins and a 12-month period of restoration cap on how long BI will pay. The 72-hour waiting period is the lag between the date of the covered property loss and the date BI starts paying — small losses that take less than 72 hours to repair never trigger BI. The 12-month period of restoration is the cap on BI payments — once the property is repaired or 12 months has elapsed (whichever is sooner), BI ends. Florida BOPs commonly offer 6-month and 9-month BI at meaningfully lower premium, and 18-month and 24-month BI at higher premium. The conservative posture for a Tier 1 coastal small business — where hurricane-driven property losses regularly take 6-12 months to repair — is to carry the full 12-month BI.

Cyber liability — now widely bundled

A small-business cyber-liability rider on a Florida BOP covers first-party costs (forensic investigation, customer notification under F.S. § 501.171, regulatory defense, credit monitoring) and third-party claims (private actions from customers whose data was exposed, including PCI-DSS contractual exposure on payment-card-data breaches). Typical small-business limits on the BOP rider are $50,000-$250,000; the Florida BOP cyber rider runs $300-$1,500/yr (this calculator uses $650 as the mid-point planning value when enabled). Standalone cyber policies with $1M-$5M limits are available outside the BOP and are the typical posture for businesses processing meaningful credit-card volume.

What the calculator does not do

This calculator is a planning estimator. It does not produce a binding quote — Florida admitted-carrier rates come from carrier-specific filings approved by OIR under Rule 69O-170, and the actual quote will reflect carrier-specific schedule rating, premium-discount factors, loss-control credits, multi-policy discounts (BOP + commercial auto + workers' comp), and the carrier's underwriting view of the specific class-code, contents-schedule composition, and prior loss history. It does not split the property schedule across multiple buildings, multiple states, or multiple class-codes for multi-trade businesses. It does not price flood — the standard BOP excludes flood, and commercial flood is written separately through the NFIP Commercial Lines Account or the private commercial-flood surplus-lines market.

How this page is maintained

The Florida small-commercial BOP regulatory framework — F.S. § 624 (Florida Insurance Code), F.S. § 627 (rates and contracts), and OIR Rule 69O-170 (commercial / inland-marine rate filings) — has been stable in its structure for years, with the moving pieces being the annually-filed carrier rate filings and the post-event hurricane-reinsurance market repricings. The ISO BOP form CP 00 10 has been periodically revised; the calculator's class-code base, coastal multiplier, hurricane endorsement rate, and cyber-rider pricing are anchored to typical 2025-2026 Florida admitted-carrier filings (Travelers, The Hartford, Liberty Mutual, Chubb, Hiscox, Nationwide, State Farm Commercial, Berkshire Hathaway GUARD) and are refreshed at least annually against the current approved filings.

Last reviewed: 2026-05-15 against F.S. § 624 (Florida Insurance Code), F.S. § 627 (rates and contracts), F.S. § 627.701 (hurricane deductible disclosure), ISO BOP form CP 00 10, Florida OIR Rule 69O-170 commercial / inland-marine rate filings, and Florida OIR commercial property and BOP rate filings 2025-2026.