MGM's $100M ransomware lesson for multi-unit hospitality
MGM's 2023 ransomware shutdown cost the company an estimated $100M+. What multi-unit restaurant and hospitality groups should take from it.
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Cover · BOP
Business owner's policy.
GL, property and business interruption in one package — sized to your operation, bound to your lease, and priced where the bundle wins.
What it is
A business owner's policy (BOP) bundles general liability, commercial property and business interruption into a single policy — usually with better pricing than buying them separately. It's the right foundation for most small and mid-sized operators.
When you need it
The triggers
we hear most.
You're a small or mid-sized operator with one or a few locations.
A BOP bundles general liability and commercial property into a single policy, usually priced better than buying the two separately. It's the right foundation for most owner-operated businesses under a certain size.
You want one renewal, one bill and one certificate flow.
A BOP gives you a single renewal date and a single carrier relationship — much easier to manage than juggling monoline GL and property programmes.
Your operation fits a standard package (and you've grown out of personal-lines thinking).
If you've been carrying personal insurance on your business, a BOP is the right first step into commercial cover — and it scales as you add locations, employees and exposures.
You need fast, clean certificates for landlords and customers.
BOPs make COI generation simple — one policy number, one carrier, one schedule. We get certificates out the same day.
What it covers
Inside the
policy.
General liability
Third-party bodily injury, property damage, products and personal/advertising injury — the same coverage as a monoline GL, just inside a package.
Commercial property
Building (if owned), tenant improvements, contents, stock and equipment — typically at replacement cost with reasonable cause-of-loss forms.
Business interruption
Lost income and continuing expenses while you can't operate after a covered property loss.
Common endorsements
Optional add-ons that BOPs handle cleanly — spoilage, hired & non-owned auto, employee dishonesty, data breach, equipment breakdown and signs.
What it doesn't
Where buyers
get caught out.
Workers' compensation
Comp is statutory and almost always written separately — your BOP and comp policies sit alongside each other.
Professional liability
E&O for advice-based services isn't part of a BOP. We place it as a separate policy when the firm needs it.
Owned commercial auto
Owned vehicles need a commercial auto policy. Hired & non-owned auto can be endorsed onto a BOP, but the full owned-fleet cover is separate.
Who buys it
Industries we
place this for.
Restaurants & food service
BOP as the foundation policy for full-service, fast-casual and multi-location operators.
See the pageProfessional services
BOP for the office side, sitting alongside E&O for the firm's professional risk.
See the pageHealthcare practices
BOP bundling property and GL for medical and dental practices — sitting alongside malpractice.
See the pageDaycares & childcare
BOP for property and GL — paired with abuse cover and professional liability for the operation as a whole.
See the pageMSPs & IT services
BOP for office GL and property — alongside Tech E&O and cyber for the delivery side.
See the page Why Nomos
How we place
this line.
Right-sized packaging
Not every business should be in a BOP. We tell you when a BOP prices well and when monoline GL plus property genuinely beats it.
Markets that want your class
BOP appetites vary wildly by class. We work with the carriers that actually want restaurants, retail, professional offices, light contractors or whatever you actually do.
Lease language handled
Landlord additional-insured language, waivers and certificate requirements are all bound to the lease — first time, no back-and-forth.
From field notes
What we're writing
on this.
Get a quote
A BOP that
actually fits.
Tell us about your operation. We'll tell you whether a BOP prices well for you — and bind to your landlord and lender requirements.
Right-sized for your class
Lease language bound first time
Same-day certificates
Honest call on BOP vs monoline