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CHAPTER 10: Business Owner Policy (BOP)

CHAPTER 8: Business Owner Policy Let s businessowners Policy (BOP) provides a broad package of coverages for small and medium-sized apartment buildings, offices, and retail stores. Each Policy includes mandatory property and liability coverages, and offers optional coverages. Many standard conditions and exclusions apply. A BOP is a self-contained, complete package forms are modeled after the coverage components of the commercial package Policy program, and have similar exclusions and coverages A, B, and C of the CGL Policy . The same wording, organization of coverages, and design follow the CPP. Businessowners coverage parts are attached to the Policy declarations and a businessowners common conditions form.

The policy declarations will show the policy number, name of the insurance company, name of producer, name and address of the named insured, and the policy period. Spaces are provided for a description of the business, the form of business, locations of described premises, and name and address of any mortgage holder.

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