Buisnessowners Policy (BOP)

Question 1

Business-owner Property Coverage

Answer 1

Covers buildings and business personal property

Question 2

Coverage Extensions

Answer 2

Extend coverage for other purposes, with separate limits that are in addition to the policy’s limits of insurance

Question 3

Additional Coverages

Answer 3

Provide reimbursement, within the policy limits for specific situations.
i.e., Debris removal: 25% amount paid for direct loss with additional $10,000. Fire Department: $1,000, Pollutant clean up: $10,000 per location. Electronic media: $2,500.

Question 4

Control of Property

Answer 4

Coverage is not affected by acts of neglect by others beyond the insured’s control or direction.