Category: Business owners Policy
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The eligibility rules for the BOP (Business owners Policy)
ELIGIBILITY, POLICY ORGANIZATION 1. Eligible Occupancies The eligibility rules for the BOP are more stringent than those for the CPP, which can be used to cover almost any commercial risk. Specific rules of eligibility that deal with the size of buildings and the specific type of business involved determine what risks are eligible to…
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Who needs a BOP (Business owners Policy )?
The Business owners Policy The businessowners policy (BOP) is a commercial package policy that provides property and liability insurance to certain types of small businesses. While the CPP allows the insured to choose the coverages to be included in the CPP, the businessowners policy prepackages a group of coverages desirable to small businesses. Many…